When an employee is let go, employers in South Carolina are generally not required to provide severance pay. Some companies may offer a severance package in exchange for the employee waiving their right to pursue legal claims against the employer. This is typically referred to as a severance agreement.
Severance terms are negotiable, but they are often presented with a deadline. If you’ve been offered a severance package or need help negotiating, contact the severance attorneys at Herrmann & Murphy in South Carolina before signing.