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Under those principles, an offer to enter into a contract may be revoked (withdrawn) at any time before it is accepted. Therefore, a severance offer can be revoked at any time, including within the 21 day period.After all, you made the decision to offer severance for sound business reasons.

Severance packages may include salary continuation; vacation pay; continued, employer-paid period of benefits coverage; employer-paid COBRA premiums; outplacement services; counseling and resume workshops; and more.

Do You Have to Accept a Severance Package? The short answer is no. You don't have to accept what your employer offers, nor do you have to sign a release. A release is valid only if it's voluntary: If your employer requires or coerces you sign, it won't be upheld in court.

The severance agreement may have a confidentiality clause, but if the employee refuses to sign, the employee may go public with the contract. Often, employers offer severance packages even when they believe they can defend against future legal action.

An attorney can help ensure that if the employee does sign an agreement, it provides more than any severance payment the worker was already entitled to.Release of Claims: Employers usually want severance agreements to get one concession in particular: a release by the employee of all legal claims against the employer.

If the payment was intended to substitute for lost future earnings, or earnings that would occur post-dissolution, then the payment is nonmarital property of the earning spouse.Of course these matters are always determined on a case by case basis.

14. Confidentiality. Employers generally want the terms of a severance package to be kept confidential, especially where the employee receives special consideration.