This is a decision that you must make yourself. Only you can decide what is right for you, in your particular circumstances.
You should, however, be aware that if you do accept a severance package, and if you sign a General Release of All Claims, you might not be able to participate in the class action. This depends on whether, by accepting the package offered by Catalyst, you will be seen as having settled all of your possible claims. If you sign a Release, depending on the language of the document, you may release all of your claims against Catalyst.
Your should consider whether any severance offer made to you:
- is based on an appropriate notice period, given the length of your service, your age, the availability to suitable alternative employment, and other relevant circumstances
- includes compensation for for unpaid, STIP bonuses, any pension claim you might have, and any claim for benefits or the rolled back benefits
- is based on all money and benefits you would have received during the notice period
- requires you to sign a Release that would preclude you from participaring in the class action
At the very least, we recommend that you do not sign any Release or any document which might amount to an agreement that your claims in the Class Action are barred, without obtaining legal advice.