2021 Employment Law Annual Update Series: Part Ten

October 21, 2021 at 9:30am10:30am
Virtual Event

About the 2021 Employment Law Annual Update

Join us for the tenth part of our 2021 Employment Law Annual Update! The virtual series will continue through the year on the third Thursday of each month.

This year, we are taking every precaution to make sure our clients and our community stay safe during the pandemic and, as a result, we are making our usual one-day conference into a virtual series spread out over 2021. Participants will be provided with the information they need to navigate the ever-changing labor and employment landscape, as well as CLE and SHRM credits to meet any licensing requirements that participants may have.

Part 10: Severance: What Every Employer Needs to Know
Navigating ERISA and Tax Code Section 409A

Many employers offering severance or considering severance do not realize that the benefit may be subject to the Employee Retirement Income Security Act (ERISA). Please join us to learn:

  • What types of severance policies, practices or plans are subject to ERISA?
  • What are the consequences of sponsoring an ERISA-covered severance plan?
  • What are the penalties for failure to comply with ERISA?
  • What are the advantages of an ERISA-covered severance plan?

Severance can also constitute deferred compensation, subject to Section 409A of the Internal Revenue Code (Code). Failure to comply with Code Section 409A can have devastating tax consequences for the employee. For example, violating Code Section 409A can subject the employee to a 20% penalty and an additional interest-based tax, plus any State law interest and penalties. Please join us to learn:

  • What types of severance programs are subject to Code Section 409A?
  • How can severance programs comply with Code Section 409A?
  • What are the consequences of not complying with Code Section 409A?

Please join us for an interactive program where your questions will be welcome. For more information or to RSVP to this event, click here.

Webinars are 60 minutes each and provide 1 Maine CLE and 1 SHRM credits.

Firm Highlights


What You Need to Know About the FTC’s Proposed Non-Compete Ban

Today, January 5, 2023, the Federal Trade Commission (“FTC”) proposed a new rule that would ban companies from requiring non-compete agreements to be signed by employees and contractors (“Proposed Rule”). The FTC estimates that...


What Employers Need to Know About the Pregnant Workers Fairness Act (PWFA)

On December 29, 2022, President Biden signed into law the Pregnant Workers Fairness Act (“ PWFA ”). Here is what you need to know about the law: When does it take effect? June 27...


Conducting Reductions In Force (RIFs): 10 Practical Tips for Employers to Avoid Lawsuits

We recently have observed an increase in the number of employers conducting group layoffs or “RIFs” in order to cut costs because of the economic downturn. This trend may only worsen in the coming...


Annual Update: Part 1 - 2022 Legal Year in Review (2nd Session)


Massachusetts Employee Fired For Submitting PIP Rebuttal Protected By Public Policy

In a recent decision, Terence Meehan v. Medical Information Technology, Inc. , the Massachusetts Supreme Judicial Court ruled that an employer cannot terminate an employee for exercising the right to file a rebuttal to...


77 Verrill Attorneys Recognized by Best Lawyers® 2023, Including Six Named Lawyers of the Year


Verrill Attorney Elizabeth Connellan Smith Elected President of National Workers’ Compensation Defense Network


Massachusetts Employers Beware: Any Late Wage Payment Means Liability for Triple Damages


39 Verrill Attorneys Named 2022 Super Lawyers and Rising Stars


HR Power Hour with Chuck Mollor

Contact Verrill at (855) 307 0700