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Oct 8, 2024
12:19
:19
pm
MHOP
All-American
7 days
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MHOP
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MHOP
Joined
May 18, 2011
Last login
Oct 8, 2024
Total posts
2,641 (12 FO)
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Messages
Author
Time
Lost job this morning. Significant profit sharing left unpaid. Anybody on
MHOP
11:56am
I’m sorry! Job loss is a very difficult trial. Might be in your boat soon too.
D.T. Survivor
11:57am
What state?
cougarblue
12:05pm
Texas
MHOP
12:05pm
I’m sorry, all I’ve got for you is…
IGlowInTheDark
12:07pm
How long do you have to decide to sign the severance agreement?
BYUHawk
12:08pm
7 days
MHOP
12:19pm
sheesh. are you over 40? if so, I don't believe that's legal.
Zombre
12:25pm
That is suspect. I got a severance agreement 3 months ago in Texas and I had 45
RoboKayne
12:48pm
45 days is required under Age Discrimination laws for larger layoffs.
Forzaitalia
1:01pm
And 21 days for >40 in individual layoffs
Himni
1:34pm
Yes, 42
MHOP
12:52pm
So sorry! Got laid off last year. Would recommend reaching out to this guy
Zombre
12:11pm
Walked out? That stinks - hopefully you will soon be glad you don't work there anymore.
Cougar-Duck
12:33pm
It does stink & is standard practice so the discharged employee can't go back
Forzaitalia
1:04pm
That's a really strange business where the executive team wouldn't know. I've never heard of
CSoul
12:33pm
Is it a qualified plan? You need to obtain plan documents
Archaea
12:39pm
Archaea is spot on. The plan docs frequently have qualifiers about discretion of
Forzaitalia
12:58pm
This. Obtain plan documents, offer letter and take them to an attorney has
Archaea
1:36pm
A real good place for referrals would be the J Rueben Clark Law Society in TX
YoungstownCoug
12:45pm
See if you can find an employment attorney through your church contacts.
notsofast
12:50pm
Thank you
MHOP
12:54pm
This is not ordinary employment law, but law focusing on executive compensation,
Archaea
1:39pm
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