Employee Severance Under Attack: The Courts' Latest Rulings

Crafting and Negotiating Enforceable Release and Pay Provisions

Recording of a 90-minute CLE webinar with Q&A

Conducted on Thursday, August 23, 2007

Program Materials

Description

Multi-million dollar severance packages recently provided to Home Depot and Pfizer CEOs have caught the attention of the public – and the ire of shareholders. Recent court decisions on release agreements in severance contracts have focused on the legality of the agreements.

Moreover, the 409A final rules, released in April, will significantly impact severance agreements. Poorly crafted contracts can expose an employer to claims that it originally sought to avoid.

Listen as our panel of employment and benefits experts examines the potential legal landmines in severance agreements, including current case law on employee releases and ERISA and 409A issues related to severance.

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Benefits

The panel will review these and other key questions:

  • How are the federal appeals courts ruling on employee releases involving waiver of federal employment law and civil rights claims?
  • What ERISA issues must be considered in severance agreements and policies?
  • What impact does 409A have on severance agreements?
  • What are the best practices for negotiating and crafting enforceable severance agreements?

Faculty

James F. Glunt
James F. Glunt
Shareholder
Buchanan Ingersoll & Rooney

He is Vice Chair of the firm's working group on matters relating to electronically stored information, and regularly...  |  Read More

Bruce R. Alper
Bruce R. Alper
Shareholder
Vedder Price

He has successfully litigated a variety of employment cases and regularly advises employers on employment matters.

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James P. McElligott
James P. McElligott
Partner
McGuireWoods

He handles employment, executive compensation and benefit related matters for corporations and agencies and regularly...  |  Read More