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Separation and General Releases
Employee separations are increasingly more frequent in today's economic environment. At the same time, ever-expanding employee rights combined with a poor job market may make departing employees more likely than ever to sue. Many employers mitigate this risk by offering a severance payment to their departing employees in exchange for a release of claims, and other promises by the employee. In order to get what they pay for, businesses need to ensure that their agreements protect the company's interest to the fullest extent permitted by applicable law.
While this article cannot speak to the specifics of an individual termination, the subject thumbnails set forth below highlight key issues to consider when preparing separation agreements.
Consideration
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