My company was going to shut my location down and offered me a severance package. After I signed and returned the agreement they told me a week later they were able to renegotiate the lease and we would remain open. Can I take advantage of the severance agreement? It made no mention of my termination pending store closure
1 Answer from Attorneys
Without getting into other legal issues that arise when a company announces a shut down, I will address your specific question about the "severance package" they offered you.
First, the law does not require an employer to provide severance.
Second, the question you ask can only be answered by a thorough review of the severance terms, your job terms, propsect of your continued employment, if you have accepted another job in reliance on the company's announced closure and offer of severance, etc.
You should engage a qualified employment attorney to evaluate your situation and give you specific guidance--something this forum is not designed to do or can do by law.