By
Lisa A. Lori
and Esq.
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In addition, be careful when giving the employee a deadline for signing the waiver or release. For instance, certain laws provide that, if an employee is older than 40, he or she must have a minimum of 21 days–and 45 days if more than one employee is being laid off–to consider signing the release. If the employee signs, he or she also gets seven additional days to change his or her mind. Also, if more than 50 employees at a time are being laid off, the law may require 60-days notice be provided to employees, labor unions and governmental authorities. If these (and other) laws are not complied with, the release or waiver is not enforceable and the company may be liable for damages.
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Lisa A. Lori
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