Why does my severance agreement tell me to consult a lawyer?
The ADEA requires employers to include certain language in waivers and releases.
My company has had to downsize several times in the last few years, and now my number has come up. My department is being eliminated, and our work (accounts and payroll) will be outsourced to a third party vendor, to save money. We've known this change was coming for a while. And, our company has offered a pretty generous severance package, especially considering that it's struggling financially. The company has always treated me well, and I had no reason to doubt their good faith -- until I read over my severance agreement. It says I'm giving up my right to sue the company, which is fine with me. But it also tells me I should consult with a lawyer before I sign and talks a lot about age discrimination claims. What is this about?