A settlement agreement, formerly known as a compromise agreement, involves relinquishing your rights to pursue employment-related claims against your employer. Such agreements can be established at any point during your employment, though they are typically finalized at the conclusion of your employment.
These agreements are completely voluntary; you should never feel pressured or coerced into giving up your rights. If you find the compensation package unsatisfactory or if there are promises made that are not reflected in the agreement, it is important to request that your employer make the necessary adjustments.
Independent legal advisors can identify any unusual terms in a proposed settlement agreement and can negotiate modifications on your behalf.