The secret of writing severance agreements in the employer's favor

September 27, 2008

At Will Employment - Circuit City departing CEO gets $1.8M in severance (AP)

What you may be missing before firing any employee


AP - Circuit City Stores Inc.'s departing chief executive is receiving at least $1.8 million in a severance deal after resigning from his post at the consumer electronics retailer earlier this week, according to a regulatory filing on Thursday.
Use your lay off letter to help you get through the meeting. You company may want to add other information to the jobholder warning for. o References to the lackluster productivity or misconduct. This could include video proof, bank account statements, or even eyewitness accounts from other workers). This will help not only the worker, but also the boss and the workplace esprit de corps. You will be less likely to make any comment that a jury could hold against you later if the worker files a improper separation legal action. You can use this information not only for separating corporate executives, but also for sacking partners and trusted lieutenants in small businesses. Most importantly, appealing the worker's compensation claim will obviously make him angry, whether he wins the appeals hearing or not. This includes (in most states) those workers who are engaging in a labor strike.

Therefore, you don't need worry too much about a defamation suit when you tell the truth about the worker's performance. This leaves the company with no other choice than to fire your employment. The classic reason is that it's "business reorganization." Chapter 3 gives you 18 legitimate firm reasons which you can use as an excuse. The next step is a formal notification. o Have you confirmed the jobholder's gross misbehavior using a thorough, fair examination? What leads up to employee separation can vary from company to business and scenario to scenario. Some of these terms should include the use of drugs or alcohol on-the-job, misbehavior of a supervisor or business owner, failure show up to work or physical, verbal or mental abuse of another worker.

Permalink • Print
What you may be missing before firing any employee