Severance

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    By Michael S. Beaver and Emily Hobbs-Wright Holland & Hart LLP An employer forecasts an economic downturn in business and the probability of having to lay off employees in several waves of workforce reductions. The well-intentioned employer is particularly concerned about the impact on employees who have worked for the company for many years...
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    When an employee unexpectedly resigns or you have no choice but to fire her on the spot, you must be prepared to dole out the final paycheck because the clock is swiftly ticking under your state’s applicable laws. It’s important to be prepared with a game plan on how you’ll handle issues related to the final paycheck and the...
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    In September 2003, CNA Financial Corporation amended its severance plan to exclude certain sales employees. It didn't notify participants of the change until months later. Although the notice satisfied the deadlines imposed by the Employee Retirement Income Security Act (ERISA), a federal court in Chicago has cleared the way for a...
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