Don’t sign the release or severance agreement on your termination.
In Ontario, the Employment Standards Act (ESA) outlines minimum entitlements for employees upon termination. This includes termination pay, severance pay (if applicable), and other benefits. These entitlements are separate from any offer of a release or severance agreement.
There is no specific timeline for signing a release or severance agreement after termination. It is important to carefully review any release or severance agreement offered by your employer before deciding whether or not to sign it. These agreements can be complex and may include provisions that limit your rights or future employment opportunities.
Some employers may include a deadline for signing the release or severance agreement. This deadline is often included to encourage employees to accept the offer and may not be legally binding.
An employment lawyer can review the agreement and advise you on your options and rights.