Severance Arrangements: What Employers Need to Know

Employee severance arrangements, used properly are a great tool for managing a former employee’s post-termination activity, and, particularly for minimizing your liability. 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. 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 to terminated employees. You will learn what you need to be aware of when structuring a severance arrangement and writing the agreement in order to protect your company’s legitimate interests.

Learning Objectives

• Common severance myths
• The difference between severance agreements, severance packages and severance plans
• Key elements of a severance agreement and language that should be considered for most severance agreements
• The EEOC and severance agreements
• An overview of the special rules applying to older workers–who’s protected by the Older Workers Benefit Protection Act, and what it means to you
• Discrimination Issues
• Affordable Care Act and COBRA Issues
• ERISA considerations
• Case examples

Who Should Attend?

Business owners, COO’s, CEO’s, CFO’s, Controllers, Compensation Officers, Benefits Administrators, HR Directors/Managers, Senior Management.

Speaker(s)

Janette Levey Frisch

Janette Levey Frisch, founder of The EmpLAWyerologist Firm, is an employment/HR attorney with over 20 year's 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.

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The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.

Credits: 1.5

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Credits: 1.5

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