Despite this, many employers in North Carolina offer severance packages to departing employees. While there are no laws requiring them to do so, providing a severance package can be beneficial for employers.
Most termination clauses are an agreement between the employer and the employee that in the event the employer elects to dismiss the employee without cause, the employee will only receive what they are entitled to under the Employment Standards Code.
Here is an example of a termination clause: “Party A and Party B have the right to terminate the Contract under material breach, change in circumstances, insolvency, and mutual agreement. To terminate the Contract, the terminating party must provide 30 days of written notice to the other party.
How to Structure a Severance Agreement Determine Eligibility: Decide which employees will be offered a severance agreement based on company policy or specific circumstances. Consult Legal Counsel: Work with an attorney to draft the agreement to ensure compliance with federal and state laws.
Employment Summary: Concisely summarize your employment history, emphasizing significant achievements and your dedication to the company. Severance Package Request: Detail your severance package request, including financial compensation, health benefits, and any additional support services like career counseling.
Here are some key legal considerations: At-Will Employment: North Carolina follows the “at-will” employment, which means that employers can terminate employees for any reason, as long as it is not illegal, and without prior notice.
North Carolina is an at-will employment state. No notice of termination is required absent a contractual obligation.