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All very helpful, thanks. Let me throw out some more detail.

I am not ready to retire, either mentally or financially. I was planning on 3-5 more years full time depending on my salary and how well my investments do. They said they would offer 3 months severance (they also said the new owners only offer 1 week per 3 years worked). I am a VP level employee.

They basically blew it on my non-compete. It’s been in place for 10 years and is pretty much worthless. I will have no legal problem getting another job in close proximity to where I work now. That is why I’m so anxious to see the severance package—I know they will put tighter restrictions in it---I want to see how tight. I have a couple potential positions that may or may not be listed as off limits. I know I can always turn down the package.

There is a possibility of an age discrimination suit, but I want to have the severance package with me when I see the lawyer. The non-disclosure I am under does not include a non-solicit. Besides the potential positions mentioned above a competitor wants to open up in my area. I would be invaluable to them and therefore a huge threat to my current employer. Given that I may have a valid age discrimination and I can easily pull over a million dollars a year in profit from my current company, I wonder if I can get a couple years in severance. For that I would not sue and not compete with them. My background and degree allow me the flexibility to work in areas that would not be deemed competition, just not at the pay level I’m at now. So, if I could get a couple years severance (lump sum) and work a couple more years at maybe 75% current wage, I may get to retirement earlier than originally planned.

Of course I will listen to the attorney, but is this feasible or am I only wishful thinking.

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