We will explore the difference between a severance package and a severance agreement. You will learn the key elements of a severance agreement and what you need to do to afford your company maximum protection against employee lawsuits, administrative complaints with government agencies and whether your severance arrangements may be subject to ERISA laws.
Why Should You Attend:
When done properly, severance arrangements can be an extremely valuable risk management tool for employers—but you need to be aware of the pitfalls. Many employers think that if they offer severance pay conditioned on certain restrictions that they have eliminated all legal risks, and assume everything is fine—until it’s not.
For example, do you condition severance pay on promises not to sue and other post-termination restrictions? Did you know that you might be contractually obligated to provide severance pay even if you do not have a written agreement? Did you know that your severance agreement may not protect you as much as you think? Or that it may not be enforceable? Is your severance arrangement subject to ERISA laws?
Areas Covered in this Webinar:
Common Severance Myths
Key Elements of a Severance Agreement
The EEOC and Severance Agreements
The Older Workers’ Benefits Protection Act (OBWPA)
COBRA and ACA Issues
Learn what you need to know to derive maximum benefit from and avoid the pitfalls associated with severance arrangements
Who Will Benefit:
HR Managers/ Directors
Managers/ Senior Managers
Janette Levey Frisch, Founder of The EmpLAWyerologist Firm, has over 20 years of legal experience, more than 10 of which she has spent in Employment Law. It was during her tenure as sole in-house counsel for a mid-size staffing company headquartered in Central New Jersey, with operations all over the continental US, that she truly developed her passion for Employment Law.
Janette and The EmpLAWyerologist Firm operate under this core belief: It is possible, and it is in an employer’s best interest, to proactively solve workforce challenges before they become problems, before they result in lawsuits or steep fines caused by government audits.
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