Executive employment contracts and severance agreements often include a forfeiture clause. These so-called "bad boy" clauses require the employee to forfeit his right to compensation if he engages in activity deemed detrimental to the company, such as working for a competitor. A case pending before the Texas Supreme Court could…
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A former law school classmate posed this question to me today: if an employee is involuntarily* terminated and receives a severance payment, does that preclude the employee from receiving unemployment benefits? The answer is: it depends on whether the payment is considered “severance” or “wages in lieu of notice” under…
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In August, global technology giant 3M agreed to pay $3 million to the EEOC to end a nationwide age discrimination law suit. According to the EEOC, 3M laid off many highly paid older employees to make way for younger leaders. The EEOC’s investigation uncovered an employee email describing then-CEO Jim…
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