What state?

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Oct 8, 2024
12:05:08pm

cougarblue All-American

What state?

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cougarblue

Bio page: cougarblue
Joined: Mar 1, 2001
Last login: Oct 8, 2024
Total posts: 19,137 (33 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.

11:57am

What state?

cougarblue

12:05pm

Texas

MHOP

12:05pm

I’m sorry, all I’ve got for you is…

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

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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