Quote:
Originally Posted by marsplasticeraser
Dealing with this issue with outside legal counsel that are specialized in these matters. I am not a lawyer.
Message across multiple HR-specialized law firms was "if you screw around and go to court and you've only offered legal minimum, then the judge may give this person 2 or more months severance per year of service vs. you could have settled on 1 month per year of service and been done with this."
I've been through a half dozen of these, though thankfully never went to trial. But numbers between legal minimum vs. 1 month/year are big, as are 1 months vs. 2 or more months per year. Especially when you're talking senior management / CEO with 10 to 20+ years in the company.
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In my experience I can back up that this is exactly how it plays out. Paying out 1 mo/year is pretty standard for Mgmt/Admin/Ops+ if you want to settle quickly.