HSPRD shareholder, Deane B. Brown, was recently interviewed for a story on severances in Built In, an online community for startups and tech companies. The story mentions how nearly 90,000 employees at 618 tech startups have lost their jobs since March 2020 and walks through what to expect after being terminated as well as severance-agreement basics.
“No employer gives you money out of the goodness of their heart,” Ms. Brown stated during the interview. A severance agreement is an exchange of money for promises that the soon-to-be ex-employee will not make a claim against the company. Women, people of color, people 40 and older, people with a mental or physical disability or belonging to another demographic group protected by federal or state law might want to file a claim against their former employer for unfair treatment or discrimination. Accepting severance pay and signing an agreement generally signals that the employee will not seek monetary compensation for a claim against the company.
An accomplished lawyer for over 30 years, Ms. Brown has extensive experience representing executives and employees in all areas of employment law, including severance negotiations, employment discrimination claims and retaliatory discharge cases. Ms. Brown represents clients who have been the victims of age, race, gender, sexual orientation, national origin and disability discrimination. She represents women who have been sexually harassed in the workplace, sales representatives who have been wrongfully denied bonuses and commissions, and executives in challenging overbroad and unenforceable non-competition agreements, among many other types of employment matters.
Read full story: “MORE THAN MONEY: YOUR GUIDE TO SEVERANCE PAY”
