I was reading the agreement and it basically says you are waiving any rights to sue the company. And if you find another job they will stop the PIP.
Has anybody been able to negotiate different terms for this agreement?
After working for 30+ years, all you get is 3 months of salary at the cost of waiving broad rights? Ultrageous! This company should pay packages as every other company that does layoffs!
Remember your Standards of Business Conduct -
Avoid actions that give the appearance of impropriety.
Do what is RIGHT - even in permissive regulatory environments.
Depends on the country you live in, and possibly the state. Texas is an at-will employment state, so if you decline they can terminate you for cause due to documented poor performance and you get nothing, and also may lose your pension. If you don’t agree with poor performance, it doesn’t matter because in Texas you can be fired for pretty much anything, outside of the protected categories (e.g. race, religion) so if they don’t like the way you comb your hair you can be fired and there is nothing you can do about it.