Executive Severance Packages for C-Suite Employees

Terminated from the Executive Suite?

At Achkar Law, as employment lawyers, we understand the unique challenges faced by executives. That’s why we take great pride in advocating for individuals like you. Our goal is to ensure that you receive the executive severance pay to which you are entitled.

Put your trust in Achkar Law to be your dedicated partner every step of the way as we work together to secure the executive severance package you deserve. We understand the invaluable contributions you have made and the importance of safeguarding your future. With our experienced employment lawyers and unwavering client commitment, we will tirelessly advocate for your rights upon termination.

Understanding Your Value as an Executive

As an executive, your role within your organization is crucial, marked by the exceptional value you bring to the table. Your expertise, leadership, and extensive experience contribute to the success and growth of the company. It is through your strategic decision-making, industry knowledge, and ability to achieve results that you surpass the expectations placed upon you.

When it comes to severance pay, the statutory minimums set by employment laws often fall short of recognizing the true value of individuals like yourself. Your dedication and years of service extend far beyond these minimum requirements, entitling you to a severance package that reflects your significant contributions.

Going Beyond Statutory Minimums

Judges recognize the unique skill set and experience that executives possess, making them highly valuable in the job market. As a result, they often award executives much more than the minimum required severance pay. At Achkar Law, we will review your employment contract and advise you regarding the best course of action.

Do Not Settle for Less – Let Us Review Your Case

If you’ve been asked to accept or sign a severance offer, it’s essential to remember that you have the right to a fair severance package. Before you make any decisions, allow our experienced team of employment lawyers review your case. We will provide you with a comprehensive analysis of your employment contract and other factors, empowering you to make an informed choice about your next steps.

Contrary to what your employer may say, you have a two-year window to claim your termination and severance pay. This timeline is particularly crucial for high earners like you, as the stakes are higher. Our team at Achkar Law will ensure you receive the termination compensation you deserve based on your years of service, expertise, and unique circumstances.

Unfair Practices and Common Law Severance Pay

Employers often offer inadequate severance packages as a tactic. However, accepting less in your severance package than what you are rightfully entitled to is not only unjust, but can also hamper your ability to transition smoothly into a new position. At Achkar Law, our dedicated team understands the challenges executives like you face during this difficult time. We are here to support you by carefully analyzing your case, outlining what you can expect, and advising you every step of the way.

In addition to the minimum entitlements defined by the Employment Standards Act, there is also common law notice period pay. Judges have the authority to award executives even more than what is mandated by the statutory requirements. This additional compensation takes into account crucial factors such as your length of service, expertise, age, the difficulty of finding a similar role, and any other relevant factors. Depending on the specifics of your case, you may also be eligible for additional damages. Each situation is unique, and our experienced litigation lawyers at Achkar Law are well-versed in navigating the complexities of termination, severance, and Human Rights issues. We are here to provide unwavering support and legal guidance in all matters related to securing your rightful termination package and protecting your rights.

Complex Employment Contracts and Negotiation Expertise

When it comes to employment contracts, it’s not uncommon to find provisions that are unenforceable or fail to fully protect your rights as an executive. At Achkar Law, our specialized team excels at challenging these provisions, ensuring that you receive the severance pay you truly deserve. This critical analysis can have a significant impact on the compensation you ultimately receive, potentially increasing it from a matter of weeks to several months.

Our expertise goes beyond understanding complex employment contracts. With our unparalleled negotiation skills sharpened through years of experience, we possess the ability to effectively present your case and fight for the maximum termination package possible. We understand the intricacies of executive entitlement. By choosing Achkar Law, you gain a dedicated team that will tirelessly advocate on your behalf, ensuring that your rights are protected and that you receive the compensation you deserve.

We Can Support You

To learn more about your unique situation and how Achkar Law can help you secure the executive severance package you deserve, we encourage you to reach out to our intake team. We are ready to provide you with the guidance and support you need during this challenging time.

If you resigned due to changes in your job, you can learn about constructive dismissal and its implications.

Contact Us

Reach out to us today by calling our toll-free number at 1 (800) 771-7882 or sending us an email at [email protected]. We’re eager to provide the support you need.

Alternatively, you can conveniently fill out the request for information form located at the bottom of this page. Don’t hesitate to contact us – we’re just a click away!

If you are an employer seeking reliable legal support concerning employment law, labour law, or corporate/commercial disputes, Akchar Law is here to assist you.

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FAQS

What is a reasonable severance pay in Ontario?

Reasonable severance pay in Canada varies substantially based on the circumstances of the employee. While there are many factors which can contribute to the calculation of a reasonable executive severance package, there are common factors which are typically considered, known as the Bardal factors.

Do I need a lawyer to negotiate severance pay?

Employees can try to negotiate alone, but almost always, a lawyer can get them more. Seeking the advice of an experienced employment lawyer helps a dismissed employee understand whether the severance pay they are offered is reasonable in comparison with what a judge will likely give them.

How do I get a good severance package?

An employment lawyer is likely in the best position to assess the appropriate severance package of an employee who has been let go. A good lawyer will know how and when to negotiate, and when to initiate a Statement of Claim to get defendants to pay you through settlement or a court order.

Is termination of employment the same as being fired?

Yes – having your employment terminated by your employer is the same as being fired or let go. A termination of employment is either with or without cause, which affects whether or not you are entitled to termination pay. Sometimes employers try to claim that a termination is for cause when it is not. Wrongful dismissal is when an employee is told they are in fact fired or dismissed.

What are my rights if my employment is terminated?

As an employee, if your employment is terminated without cause – that is, through no fault of your own, you are entitled to termination pay, or common law reasonable notice or pay in lieu. If you are an employee and have been terminated, contact an experienced employment lawyer to help assess your case.

Can an employer fire you for no reason in Ontario?

In Ontario, employers are able to dismiss an employee without reason – as long as the reason is not related to Human Rights. Employers have to provide the appropriate amount of notice or termination pay to the dismissed employee. The appropriate amount of notice will largely depend on the employment agreement if applicable, and if not, on common law reasonable notice.