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Posts tagged "severance"

Negotiate the employment contract before accepting the job

In Michigan as in the rest of the United States, most employees are at-will employees with no employment contract. High level or executive employees, however, are often in a position to negotiate an employment contract that can, among other things, protect them from discharge at will. For people in this position, setting the terms of the employment contract prior to execution is very important. Once a person is hired, they have no leverage to negotiate a better deal.

Changing control agreement can protect your rights at termination

Employment contracts are executed between employers and employees so that the terms and conditions of employment, including severance pay in cases of termination, are clear to both parties. This is standard everywhere in the country, including Michigan. Today, most employment contracts signed by senior executives in U.S. corporations include a change-in-control clause.

Extension of tenure and increase in pay for WMU president

According to a recent news report, the Board of Trustees of Western Michigan University has unanimously approved a one-year extension of the employment contract of its current president. He has been serving as the president of WMU since 2007 and the present extension will carry his tenure till the end of 2017.

Lacrosse coach complains of breach of employment contract

Michigan residents are aware that it is very important for an employee to read the employment contract clauses before accepting or declining a job offer. After an employee has signed on the dotted line, the employee will not be able to renegotiate benefits, job roles, compensation or even the terms of severance with the employer.

Michigan school district, employees finalize employment contract

Michigan residents agree that it is very important to be aware of all clauses included in an employment contract before making a final decision about accepting or declining the job offer. After an offer has been accepted, the employee is prohibited from negotiating compensation, benefits, job roles, noncompetition clauses or terms of severance with the employer. Recently, the Adrian, Michigan, Board of Education approved a one-year employment contract with the education association, representing 187 teachers and district staff. The next stage is to finalization the contract with the state's education board.

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