The idea behind a severance agreement is that the employee agrees to take something of value to which he is not otherwise entitled — additional compensation, benefits, or other “in kind” consideration — in exchange for agreeing not to sue you. Unfortunately, even a totally justified, squeaky-clean termination isn’t bulletproof 100% of the time. An employee determined enough to sue you will do so, and you’ll end up spending a good chunk of change defending even a borderline meritless claim. That’s where the severance agreement comes in. A severance agreement that includes a full release of claims is the only way you can be reasonably sure you won’t be dealing with the individual again. Of course, peace of mind has a price.Read More...
From: HRLaws | 10/25/2013
In the Blogs
- Patriots scandal shows it takes only one bad action to put integrity on the line
- ‘We fixed the glitch….’
- NLRB: Employers may terminate employees for insubordinate social media messages
- Get ready for Supreme Court ruling on same-sex marriage
- And the Oscar goes to … tips for evaluating employee performance outside of Tinsel Town