When your employer hands you a severance agreement during a layoff, you might notice an attachment listing other employees’ job titles and ages. That document isn’t an accident — it’s a federal legal requirement. Under the Older Workers Benefit Protection Act of 1990 (OWBPA), employers who ask workers 40 or
Yes — and in most cases, filing with one agency automatically takes care of both. The EEOC and the New York State Division of Human Rights (NYSDHR) operate under a worksharing agreement that cross-files your disability discrimination claims with both agencies the moment you submit to either one. That said,
On April 15, 2010, Mayor Michael Bloomberg, Schools Chancellor Joel Klein, and United Federation of Teachers President Michael Mulgrew announced an agreement that ended one of the most publicly criticized practices in NYC public education. The so-called “rubber rooms” — officially known as Temporary Reassignment Centers — had held hundreds
New York Labor Law § 215 is the state’s core anti-retaliation statute for wage complaints. It makes it illegal for an employer to fire, penalize, or discriminate against any employee who complains about wage violations — whether that complaint goes to a supervisor, to the New York State Department of
Corporate governance and executive compensation are two sides of the same coin. The board of directors, guided by independence requirements, say-on-pay votes, and federal disclosure rules, decides what your company’s top leaders earn. And if you’re an executive, understanding how those decisions get made—and where shareholders can push back—can mean
When your executive role comes to an end—whether by choice or necessity—the financial stakes are enormous. An executive severance package isn’t just about a few months of salary. It involves deferred compensation timing, retirement benefit protections, equity acceleration, Section 409A compliance, and age discrimination safeguards that most employees never encounter.
If you’re an executive navigating a compensation negotiation, understanding how board compensation committees work can make the difference between leaving money on the table and securing the package you deserve. These committees hold enormous influence over how executives are paid — from base salary to long-term equity grants — and
You’ve been offered a leadership position — congratulations. But before you sign anything, understand this: the executive employment agreement sitting in front of you was drafted by the company’s legal team to protect the company, not you. Every clause, every definition, every payment trigger was written with the employer’s interests
Clawback provisions are contractual or regulatory mechanisms that allow employers to recoup previously paid compensation from executives under certain triggering conditions. If you’re an executive or senior leader at a publicly traded company, these provisions almost certainly apply to you — and understanding them is critical to protecting your financial
If you’re an executive or key employee with deferred compensation, Section 409A of the Internal Revenue Code controls almost everything about when and how you get paid. Violating its rules—even unintentionally—can trigger immediate taxation of your entire deferred balance, a 20% penalty tax, and premium interest charges. These penalties fall
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