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Feb 01, 2012

Non-Profit Employment Contracts with Six Figure Severance Payments Draw Scrutiny

Wall Street compensation does not appear to be the only target these days as foundations are coming under increased scrutiny.  Handsome severance packages have been provided within the four corners of executive employment agreements.  The Wall Street Journal reports such is the case at the National September 11 Memorial and Museum.   » Read More

Jan 30, 2012

Jury Decides in Drapkin’s Favor in Quarrel Over Severance Payment

The jury’s decision in favor of Donald Drapkin, former employee of MacAndrews and Forbes, highlights the nuances of contract language – distinctions between substantial performance and material breach.  To avoid cases like these, why not allow for a reasonable period within which to return company property, and not penalize the employee if items are discovered months if not years after the severance has been paid, provided good faith can be shown on the employee’s part. » Read More

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