Separation Agreement Review Period

Every separation with an employee is unique. The law is constantly evolving, and as the SEC continues to evaluate fines (some in the seven-digit range), the use of cookie-cutter separation forms carries the risk of a truly painful separation. However, too many employers have not yet abolished the historic provisions in their separation agreements, which the SEC, NLRB or EEOC consider illegal. „Workers over the age of 40 are protected by the Older Worker Benefit Protection Act (OWBPA). In order to ensure that employees over the age of 40 are not subjected to undue pressure to sign certain agreements, the OWBPA requires that such agreements contain the 21 and 7 day deadlines,” reports Granovsky & Sundaresh, lawyers…