Severance Package Confidentiality Agreement

In an uncertain economy, almost all employees or managers will eventually face the termination of their employment relationship. If you are laid off, you want to be able to negotiate an adequate set of severance pay, especially if you have an existing employment contract. Companies sometimes offer the services of an outplacement company free of charge. These outplacement companies can help you find a new job or position yourself for a career change. Find out if the company will accept it as part of your severance package. You can also request a cash expense to use an outplacement company of your choice (or simply to keep the cash expenses). This is usually a benefit ranging from $10,000 to $25,000.