Executive Buyouts Rife With Legal Land Mines: Attys

Law360, New York (July 7, 2010, 6:36 PM EDT) -- Companies considering following Lockheed Martin Corp. in cutting costs by offering buyouts and early retirement packages to well-compensated executives should consider the legal and practical pitfalls, employment practitioners say.

While exposure to discrimination claims is perhaps the most important issue to consider when showing employees the door, there are plenty of other ways — from tax forms to release waivers — for companies to stub their toes if they do not carefully orchestrate their termination plans, according to attorneys.

Even if employers are not trying to...
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