Severance Agreements

In early 2020, our client engaged in significant restructuring of its operations that included sales of several operating units. It was critical for the company to maintain compliance and preserve value in the company during this time. We assisted the companies with retention agreements for key employees to retain their services to preserve value for a buyer, as well as overseeing reductions in force and severance programs as a result of shrinking support operations as schools were sold. 

A financial services client received a claim alleging sexual harassment against its president, a very high-profile member of the community and a major shareholder. Based on the allegations and other concerns, our client sought to terminate the president’s employment, but needed to do so in a way that did not do damage publicly and permitted a smooth transition to a successor. We assisted our client to bring the parties together and negotiate a successful resolution and transition.