Common Contracts
1 similar Severance Agreement contracts
ContractSeverance Agreement • February 21st, 2024
Payments in the severance agreement equal to eight weeks of base pay, were remuneration under G.L. c. 151A, § 1(r)(3), because the claimant did not have to sign a release of claims to receive the money. Bonuses and profit from sales of stock options the claimant received were also remuneration but were attributable to weeks during which he had already been disqualified. Other severance payments were not remuneration under G.L. c. 151A, § 1(r)(3), because the claimant had to sign a release of claims to receive the lump sum payment.
