Sentences with phrase «terms of severance packages»
On a frequent basis Sophie advises on terms of severance packages, including enforceability of covenants, on behalf senior of employees and employers.
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However, the terms of a severance package will be specific to you.
Not exact matches
By: Whitten and Lublin Category: Employment Contracts, Reasonable Notice, Resignation, Severance Packages, Wrongful Dismissal Comments Off on Anything goes in employment contracts — Beware of dangerous terms
A severance package is binding agreement between an employer and its ex-employee that detail specific terms, conditions and obligations that come into effect at the conclusion of the employment relationship.
If it is reasonably foreseeable that the sale or closure date may be delayed, consider the benefits of agreeing to more generous severance package terms in exchange for an early settlement coupled with a right for the employer to later apportion what part of the severance will consist of working notice and pay in lieu of notice.
Canac Kitchens had not provided Mr. Olguin with long term disability coverage as part of his severance package.
The trial judge agreed that the employer had orally promised these severance packages to the two employees, and that by virtue of these promises the severance entitlements were express oral terms of the employees» contracts.
Two employees — Mr. Jylha and Mr. Aubrey — argued they had been orally promised severance packages of 18 months on retirement at the time they were hired into non-unionized positions, that the promises constituted express terms of their employment contracts, and that they had been wrongfully denied the severance packages when they retired.
It eliminates the risk that the employee will not be entitled to a severance package because the changes to the terms of employment were not significant enough to amount to a constructive dismissal.
In terms of staff, Fitbit is expected to keep most of Pebble's software engineers, few interface designers and offer severance packages to rest of the staff.