NY S00372

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 any severance agreement

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

Prohibits employers from using fraud, misrepresentation, or threats to pressure employees into signing before the consideration period expires or offering different terms for early signing

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