TITLE

Breaking Up Is Hard to Do

AUTHOR(S)
O'Brien, George
PUB. DATE
August 2008
SOURCE
BusinessWest;8/18/2008, Vol. 25 Issue 7, p31
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the importance of a well-crafted severance agreement in the termination process to avoid costly lawsuits. According to Meg Sullivan, an attorney of Sullivan, Haves & Quinn, a well-crafted severance package is an appealing option to the possible discrimination claim. The factors to be considered in a severance agrement are discussed.
ACCESSION #
34061469

 

Related Articles

  • Firms reject law to curb top pay. Roberts, Zoe // People Management;5/15/2003, Vol. 9 Issue 10, p8 

    Reports on the opposition of employers and human resource professionals against the decision of the British government to introduce additional legislation covering executive pay level when in 2003. Focus of the consultation paper released by the government involving severance pay-offs; Measure...

  • Getting tough on fat cat failures. Mordue, Christopher // Employers Law;Jul/Aug2003, p8 

    Focuses on the limitations in the proposals of the British government in its attempt to express its desire to link executive pay-offs to work performance in order to end the practice of payment for failure as of July 2003. Terms of the Private Member's Bill proposed by Member of Parliament...

  • Controlling the Cost of Severance. May, Douglas H.; Bradenburger, Tom // Financial Executive;Jan/Feb2003, Vol. 19 Issue 1, p20 

    The article discusses how businesses can control the cost of severance benefits. Survey data indicate about 80% of firms have severance pay policies, and that non-executive workers average one week of severance pay for each year of service. A company can pay severance in one lump sum or over...

  • Severance benchmarks. Dorf, Paul R.; Neelman, Diana D. // Managed Healthcare Executive;Jul2005, Vol. 15 Issue 7, p24 

    Focuses on the findings of the 2005 Severance Survey which indicated that severance pay is typically associated with the separation of employees as part of a reduction in the organization's workforce in the U.S. Percentage of responding companies who have formal severance policy statement;...

  • Formal executive severance programs on the rise.  // Corporate Board;Sep/Oct99, Vol. 20 Issue 118, p27 

    Reports on the rise in formal executive severance programs in the United States, according to a survey by Hewitt Associates. Added security and protection for executives; Calculation of severance pay.

  • Severance packages for mid-level executives rise steeply. Leonard, Bill // HR Magazine;Oct96, Vol. 41 Issue 10, p8 

    Reports on the increase in severance pay for mid-level executives during the first six months of 1996, according to a report by Drake Beam Morin Inc. of New York. Average severance pay for mid-level executives for the period; Average tenure of executives for 1995 and 1996.

  • Sweetening the deal.  // PC Week;03/24/97, Vol. 14 Issue 12, p136 

    Focuses on the rise of severance pay for midlevel executives from 1994 through 1996. Two factors attributed to the increase.

  • Bye-bye boss.  // Long Island Business News (7/1993 to 5/2009);07/30/99, Vol. 46 Issue 31, p1B 

    Presents information on the strategies of companies in providing severance payments to executives.

  • Fair and square. Poe, Randall; Courter, Carol Lee // Across the Board;Mar1995, Vol. 32 Issue 3, p5 

    States that fired executives are generally satisfied with their severance pay. Findings from a Lee Hecht Harrison survey of outplaced managers in the United States; Average severance pay.

Share

Read the Article

Courtesy of NEW JERSEY STATE LIBRARY

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics