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Employment Contracts Archives

How to negotiate a severance package

Sometimes companies have to make cutbacks in staffing, even if the employees in question have been performing well. If you've been notified that you're being let go, you may be presented with a severance package in exchange for agreeing to various conditions as you exit the company.

Employment contracts and territorial realignment in sales

Michigan residents who make their living in sales know the stress they will face when trying to meet their quotas. In many cases, the amount they are paid is contingent on achieving certain sales goals, and it is in their contract that they must reach these numbers. An employment agreement can be complicated and if there are changes made to the terms that the person believed he or she was working under, it can negatively affect their ability to earn a living. One issue that can arise has to do with territory realignment.

Compensation for fired city manager requires he be paid $50,000

Some employment contracts require that the employer pay an employee a severance package before terminating their employment. Those who are dismissed from their jobs need to know what they are entitled to based on employment contracts. On the same token, employers - whether it is a public or private entity - also need to know what the contracts require of them. In some cases, the parties may have a legal disagreement over whether or not the contract should be paid.

How are unemployment benefits affected by severance pay?

Workers who have faced termination from their jobs in Michigan need to have a firm understanding of all the legal issues that surround severance pay. If a former employee received a severance package upon termination, this can have an effect on the unemployment benefits he or she is entitled to. The law states that severance and other payments that an employer made after an employee was dismissed will lower the amount the former worker will receive in unemployment benefits. An exception is the Supplemental Unemployment Benefits.

Importance of non-competitive clauses in employment contracts

Many employees in the United States, including many in Michigan, are required to sign a non-competitive agreement at their place of business. The non-competition clauses, based on time and geography, impose certain conditions on an employee. For example, a non-competition clause may forbid an employee from working for a competitor within 100 miles of the current company's zip code for a year after resigning. Such an employment contract benefits the employer but not the employee. For the employee, that can be restrictive and it can be an obstacle in the way of career growth and progress.

Non-competition clauses and the Michigan employee

For some Michigan workers, signing an employment contract may not be a simple task, especially if there's a non-competition clause associated with it. Generally, a non-competition agreement refers to a contract under which employees cannot join or start a venture similar to their current employers' company if they leave their employment. In employment law circles, there is a lot of debate over how far these contracts can go in restricting employees' freedom.

What to do if a paycheck is missing overtime hours

The Michigan Department of Licensing and Regulatory Affairs receives thousands of complaints from employees each year regarding wage violations by employers. Officials at Licensing and Regulatory Affairs, or LARA, suggest that many claims regarding labor wage violations result from clerical oversights, not from employers trying to avoid paying minimum wage, overtime hours or benefits.

Graduate employees at MSU negotiating for more benefits

The Graduate Employee Union and Michigan State University are currently negotiating a new contract that would expand union rights to employees other than teaching assistants. These negotiations follow the 2012 bill signed by Michigan Governor Rick Snyder that left most graduate employees unable to unionize or bargain for workplace protections.

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.

Michigan football coach signs lucrative employment contract

Terms of employment contracts should be well-negotiated for the best deal. Recently, the seven-year employment contract of University of Michigan's new football coach was revealed and the contract's value was far more than anticipated. He will earn close to $40.1 million over seven years.

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