Financial professionals working in the securities industry who are separating from their firms are often presented with severance agreements. Severance agreements for financial professionals are usually drafted to protect the interests of the firm and not the individual broker. The severance agreement may include provisions that restrict the financial professional’s ability to work for other . . . → Read More: Severance Agreements for Financial Professionals
Employees in Massachusetts who are laid off or terminated from their jobs may receive a severance agreement to review and sign. While being laid off or terminated is typically a very traumatic event, an employee should not lose sight of the fact that a severance agreement may also present an opportunity.
Severance agreements are usually . . . → Read More: Severance Agreements: An Opportunity for Employees
What rights, if any, do employees (non-union) have when they are laid off or fired from their jobs? First, Massachusetts law requires that the employer give laid off and fired employees all wages owed. If the company lets the employee go, the employee must be paid on his or her last day, not during the . . . → Read More: Rights of Laid Off and Fired Employees in Massachusetts
When employers present employees in Massachusetts with severance agreements, they are typically looking to accomplish certain goals, such as: (1) assisting the employee in transitioning to a new job, (2) having the employee waive certain legal claims such as the right to file a complaint for age discrimination; or (3) reinforcing agreements the employee previously . . . → Read More: Understanding Massachusetts Severance Agreements: Part II
Here’s the question: Can an employee be terminated without notice? Is the employee entitled to severance pay or any additional type of pay upon termination? Can an employee be terminated without notice where the employer states that the employee is unreliable?
Here’s the answer: In Massachusetts, non-union employees without a contract are employees at will, . . . → Read More: Can An Employee Be Terminated Without Notice in Massachusetts?
A severance agreement is a contract. An employee waives claims in exchange for legal consideration above and beyond what he or she was entitled to receive as an employee (typically severance pay and other inducements) to sign the agreement. A common misunderstanding by employees relates to whether they are entitled to severance. Employees who are . . . → Read More: Understanding Massachusetts Severance Agreements: Part I
On Tuesday, January 25th at noon I will present on what you need to know about severance agreements at the Boston Society of Architects for the Admistration and HR Group. We’ll discuss when it is appropriate to use severance agreements, what terms are typically negotiated, and what needs to be in the agreement in order . . . → Read More: Upcoming Presentation on Severance Agreements
The following is the not-so short list of ways that employers often mishandle employee terminations, leading to surprise and distress on the part of the employee, the appearance of unfairness and an eventual lawsuit. The list is not meant to be all inclusive (we would be here all day) – just instructive.
1. Failing to . . . → Read More: The Not-So Short List of Ways to Mishandle Employee Terminations
Welcome and thank you for visiting our employment blog. Check back often for updates on employment cases of interest, changes in statutes and regulations, and reports on best practices in employment in Massachusetts. We don’t give legal advice here, because employment matters are fact specific and each case is different. We do hope you find . . . → Read More: Welcome to the Boston, Massachusetts Employment Law Blog