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Our services
Process
Our methodology begins with a forensic review of your employment agreement, company policies, and the proposed severance terms. We analyze the offer against relevant state and federal laws, including the Worker Adjustment and Retraining Notification (WARN) Act and the Age Discrimination in Employment Act (ADEA), which mandates a minimum 21-day review period for employees over 40. Our team then develops a negotiation strategy targeting key leverage points specific to accounting roles, such as compensation for unvested equity, prorated bonus eligibility, and professional liability coverage. We typically secure materially improved terms for our clients within a 10 to 14-day negotiation window.
Local Considerations — USA
Severance practices and enforceable covenants vary significantly across the United States. In financial hubs like New York, non-compete agreements for accountants are increasingly scrutinized and restricted, while in Texas, such clauses may be more broadly enforceable. State-specific wage payment laws also dictate the timing of final compensation. Our national practice is adept at navigating these regional legal landscapes, from the complex financial regulations influencing severance for corporate accountants in major metropolitan areas to the specific considerations for professionals in regulated industries. We tailor our approach based on the governing law of your employment agreement.
At a Glance
| Parameter | Reference Value |
|---|---|
| Typical Negotiation Timeline | 10-14 business days |
| ADEA Review Period (40+) | 21-day minimum |
| Common Negotiation Leverage Points | 3-5 key items |
| Post-Termination Benefits Extension | 3-12 months COBRA/coverage |
Standards & Compliance
- Worker Adjustment and Retraining Notification (WARN) Act
- Age Discrimination in Employment Act (ADEA)
- State-Specific Wage Payment Laws (e.g., NY Labor Law § 191)
- Internal Revenue Code § 409A (Deferred Compensation)
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Our team reviews your project and issues an initial report at no cost.
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Frequently Asked Questions
What is typically negotiable in an accountant's severance package?
Beyond base severance pay, key negotiable items often include prorated annual bonuses, the accelerated vesting of equity or retirement plans, extended healthcare benefits (COBRA subsidies), outplacement services, and the specific language of non-disparagement, confidentiality, and release of claims clauses.
How does the ADEA affect my severance agreement?
If you are 40 or older, the ADEA mandates you be given at least 21 days to consider the agreement and 7 days to revoke acceptance after signing. This period cannot be waived. The agreement must also advise you in writing to consult an attorney.
Can I negotiate if I've already signed the severance offer?
Once signed, the agreement is generally binding. However, if the signing was under duress, or if there was fraud, mutual mistake, or a lack of consideration, legal challenges may be possible. It is critical to consult counsel before signing any document.
How much does severance pay legal counsel for accountants cost?
Each listed firm typically works on a flat-fee basis for severance review and negotiation, with costs varying based on the complexity of the agreement, the assets involved (e.g., equity), and the required negotiation scope. We provide a specific, transparent quote following an initial case assessment.