Understanding Compliance Concerns With NY Severance Bill
The No Severance Ultimatums Act—recently passed by the NY Senate—would require all employers to give 21 business days for employees to consider severance agreements, a 7-day revocation period, and written notice of the right to consult counsel.
If enacted, it would create one of the most employee-protective severance frameworks in the U.S., with major compliance implications for employers of all sizes—including those outside New York with remote workers in the state.
David T. Harmon and Mariya Gonor were recently published in Law360 on this important development and an analysis on what this could mean for your business and workforce planning and how employees’ rights at termination will be impacted.
To read more click here.