When we’re terminated or laid off from a position, we often feel anger or shame. That’s natural. However, those feelings can lead us to do things we will later regret. If an employer offers any kind of incentive, read the document carefully and know what you are signing.
One of my clients works in a specialized industry where there are few employers and limited opportunities to work. When her employer let he go, he offered her a month’s salary and a month of paid healthcare. All he asked is that she sign a piece of paper. Luckily, she read the agreement, which included a non-compete clause that would have made it impossible for her to work for any company in metro Chicago. My client weighed her options and walked away from the offer.
If you are in this position, read the document carefully. If you don’t understand it, inform your employer that you want to have time to review it. If the employer pressures you to sign it immediately, there is probably something in that document that he does not want you to understand. Have the document reviewed by a lawyer who understands employment law. Don’t let yourself be bullied into signing something that can hurt your ability to get a job. Know what you are signing