June 5: Severance Agreements

posted_noteSeverance agreements are on the minds of many employers today.  Some employers are cutting labor costs out of business necessity. Others are taking a cue from the economy and seriously reviewing their personnel practices.  If this leads to the discovery that some areas may be overstaffed or inefficiently structured, it may make good business sense to lay off employees. Under either circumstance, it is common for employers to offer some type of compensation to those employees being severed.  Constructing an effective and legally enforceable severance agreement is not as easy as writing a check, though.  There are many considerations involved, some of which can be complex and not necessarily obvious.

The EEOC, for example, will challenge releases that attempt to prohibit a severed employee from filing a charge of discrimination or cooperating with an investigation. And some other legal claims are not waivable by law as well. There are many advantages to severance agreements when they are done correctly, but when they are not, they create new legal problems.

Delaware employers who are interested in learning more about the complexities of severance agreements that work should attend our seminar on June 5.  Employment law attorneys Sheldon N. Sandler and Maribeth L. Minella will discuss the intricacies of severance packages on June 5, as the next session in our 2009 Breakfast Briefing series. The session is free for those who register before the program fills up.  As with all sessions in the Breakfast Briefing series, the June 5th event will be held at our offices in Wilmington, Delaware.  Registration begins at 8:30 a.m., with a one-hour discussion to begin at 9 a.m.  To sign up, please e-mail your contact information (name, email address, phone, address, company, and job title) to elawseminars at ycst.com and be sure to indicate the name or title of the program in the subject line.  Registrations are accepted on a first-come, first-serve basis and confirmation is sent upon acceptance.

We look forward to seeing you on June 5 and, in the meantime, we welcome your suggestions for topics for future seminars.  The next session in the 2009 Breakfast Briefing series is scheduled for September 15, 2009, so be sure to mark your calendar accordingly!