Consideration Period For Severance Agreements
The EEOC publication focuses on the following requirements for termination agreements and the release of discrimination rights: if a staff member over the age of 40 decides to accept an agreement and sign or approve it, the OWBPA still gives the employee seven days after the termination agreement is approved, in which the employee may revoke this decision and be exempted from its conditions.  This paper uses the term “severance pay” to describe any voluntary undertaking or involuntary cancellation agreement between an employer and a worker that requires the worker to waive the right to sue for discrimination. The publication also does not appear to alter the validity of Littler`s existing publications guidelines, including Littlers Insight from July 2007, Recent Court Decisions Identify Concerns in draft versions, for the design of publications. The following measures are proposed in response to these EEOC guidelines: Example 9: An employee was fired and received ten weeks of severance pay in exchange for signing an agreement that waives all of his or her potential rights to discrimination. . . .