NY A06480

Requires employers offering severance agreements to notify employees of their right to consult an attorney before signing

Mandates a minimum 21-calendar-day consideration period for employees to review severance agreements

Provides employees a 7-calendar-day revocation period after signing, during which the agreement is not effective or enforceable

Prohibits employers from inducing employees to shorten the consideration period through fraud, misrepresentation, threats, or offering different terms for early signing

Makes any severance agreement that violates these requirements void and unenforceable, though provisions may be waived through collective bargaining agreements