Policies
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 [...]
Paul Shaheen, my associate from The Horton Group, an employer benefits brokerage and consultancy, sent me their latest LegalEase newsletter today. It’s worth posting because it’s an in-depth and fascinating article concerning projected employer health care costs for 2008. 2008 Per-Employee Health Care Costs To Exceed $9,300; Wide Disparities Foreseen By Stephen Miller, October 2007 [...]
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, [...]
