Contracts
A client recently asked me about a new State of Illinois law the Employee Classification Act (if the link is expired, then check Google), public act 095-0026, which became effective January 1, 2008. I thought that a brief post might be useful considering that there might be some confusion regarding this Act. Additionally, I've noticed [...]
Ritu Anand of GE India sent me the below questions concerning my October 28, 2007, post concerning severance and separation agreements. Hi Charles , Thanks for throwing light on this subject ! However, I have a few doubts and would appreciate if You could help resolve them: 1. What is the guarantee that the exiting [...]
Below is the handout I prepared for my November 15, 2007, presentation at the World Trade Center Illinois’ “Breaking Down Trade Barriers” conference. You can view it in PowerPoint by clicking on the link below or just view the text version. My part of the panel discussion concerning legal, accounting and cultural considerations for international [...]
One topic I get a lot of questions about is severance and separation agreements. Generally, severance refers to giving an exiting employee a monetary bonus or settlement above and beyond their regular compensation. A separation agreement usually refers to an agreement wherein the exiting employee promises not to sue, file a regulatory agency complaint, take [...]
A prospective client asked me about separation and severance agreements. More specifically, the company asked about terminating a long time employee (who’s also over 40 years old), and if they should offer this individual a severance and/or have them sign a separation agreement. Generally speaking, whenever I’m asked about employment agreements (e.g., severance, separation, hiring, [...]
