For folks being pushed to accepting a job with another company. If your employer has consistently paid severance to employees in the past, in a manner that led you to reasonably believe severance was a part of your employment arrangement. You will need to show which employees got paid, how much, and under what circumstances (for example, when laid off). It is more difficult to prove a contract based on past practices, but if your employer always paid severance to former employees, you may have a plausible claim. An employment lawyer can help you figure out whether you are entitled to severance based on your employer's practices.
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Usually if you don’t accept the new terms your employment ends after the signing deadline without notice.
@OP this is an excellent reason to share contact information now.