Uncover Hidden Severance Agreement Benefits with Expert Review
Many severance agreements include benefits that are not immediately obvious. These can include:
- Extended Health Benefits: Some agreements offer continued health insurance coverage beyond the standard COBRA period, which can be a significant cost-saving measure.
- Outplacement Services: Employers may provide career transition services to help you find new employment faster, a benefit that can significantly reduce the time spent unemployed.
- Stock Options and Retirement Plans: It's crucial to understand how your departure affects stock options and retirement plans, as you may be entitled to exercise options or make additional contributions.