Termination packages can be very costly for companies, especially when high-level employees who are entitled to bonuses, commissions, stock options and other forms of remuneration are involved. Gain insight into the steps that can be taken to potentially limit the quantity of termination packages and learn the language you should include in employment contracts that will restrict expensive forms of remuneration in termination packages.
Learning Objectives:
- Understand general employee rights on termination
- Examine how bonuses, commissions, stock options and pension plans are typically addressed by the courts
- Identify measures that can be implemented to address bonuses, commissions, stock options and pension plans in termination packages
- Hear about common pitfalls to avoid