Unfortunately, layoffs happen and oftentimes come as a complete surprise to those affected. Layoffs also oftentimes come with a severance offer.
Sometimes an employer just offers up the severance free and clear without the employees who have been laid off having to do anything at all to receive it. However, this is not the norm. More often getting the severance is made contingent on the employee signing a severance agreement.
Severance agreements are legal documents and can be incredibly complicated and confusing and leave employees wondering what to do. On the one hand, an employee who has just lost their job clearly wants the money. But on the other hand, that employee may be concerned about what they are giving up in exchange for that money. They also may be wondering if they can get more money. The best way to know for sure is to consult with a Texas Employment Lawyer.