While severance agreements, when used properly, can be an invaluable tool for employers, they can also be a trap for the unwary. For example, an improperly drafted release agreement could be invalidated and of no effect. Some severance packages are subject to ERISA laws. Some employers find themselves ordered by a court to provide severance pay or benefits even though they do not have a written severance agreement. This webinar examines the most up-to-date strategic, legal, and financial considerations employers need to consider when offering severance arrangements in case of employee termination.
You will learn what you need to be aware of when structuring severance arrangements in order to protect your company’s legitimate interests. Also learn when it is in your company’s interests to offer a severance package.
A properly constructed severance agreement and package can help you manage a former employee’s post-termination activity, and minimize your risk of lawsuits from disgruntled employees. It also ensures that you only provide payments and benefits you actually intended to provide.
CEO’s, Senior Managers, Business Owners, Hiring Managers, All HR professionals, recruiters.
Years of Experience: 20+ years
Areas of Expertise: Employment Practices and Workforce Challenges
Janette Levey Frisch, founder of The EmpLAWyerologist Firm, is an employment/HR attorney with over 20 years of legal experience. Ms. Frisch is a legal wellness professional for employment practices and workforce challenges. She works with employers to craft solid employment practices wellness plans tailored to address an organization’s needs and concerns. As a consultant, she offers legal services on virtually all federal and NJ and NY state employment law issues.View all trainings by this speaker