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Recent employment law questions

SEVERANCE AGREEMENT I am over 40 years of age and received

SEVERANCE AGREEMENTI am over 40 years of age and received separation agreement, waiver and general release due to lack of available work and would like an attorney to look over the document before signing.

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

 
104,268 satisfied customers
In May 2014 I quit my job due to my sister dying of cancer.

In May 2014 I quit my job due to my sister dying of cancer. I did not want to quit and tried everything . I requested more day hours to be there for my mom at night Was told NO. Asked to go Part time. Told NO. Ask for FMLA. Told no. I gave a 3 weeks notice and left in the end of May 2014. My sister died July 22, 2014. After her death I tried and tried to get rehired and was told NO. They said it had to do with the ESOP. Do I have a case for a lawsuit?

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Lucy, Esq.

Juris Doctor

 
29,200 satisfied customers
I was part of an esop program with STS tire and auto in nj.

I was part of an esop program with STS tire and auto in nj. i left the company january 2nd, they have been recently bought out by mavis tire and are ending the esop program. I received a letter in the mail stating i will be 100 percent vested non forfeited. They forfeited 37.679 of my 47.163 shares, this does not seem right to me at all.

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Infolawyer

Attorney

Juris Doctor.

 
36,612 satisfied customers
I don't know if you can see my previous question, but I was

I don't know if you can see my previous question, but I was wrongfully terminated by my employer. It's also been established that there is no justice for me, since I live in Texas. With that said, I have the following question. The company where this tookplace was 100% employee owned, and I was 100% vested in the ESOP. Since I was wrongfully terminated, is there any way I can force them to waive the two year hold back period? That way I could get an immediate pay out?

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37,576 satisfied customers
We are an esop company

We are an esop company and at end of each year if company was profitable profit share check are distributed. I was discharged from said company the day before checks were distributed after six years of employment. I was told that profit share checks are only for current employees. I feel this is not right? Also esop stock wich im 100 percent vested in is only available right away if retiring. Fired or quit it gets held for five years before the begin to pay so if wrongfully discharged meaning win unemployment rights. I feel they shouldn't legally withhold money.

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Marsha411JD

Doctoral Degree

 
18,516 satisfied customers
my company has just gone to an esop program and I would like

my company has just gone to an esop program and I would like to know if the employees have and rights or say in how things are set up or how the program is managed

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Allen M., Esq.

JAG officer and former adjunct prof.

Juris Doctor, Cum Laude

 
17,466 satisfied customers
DOL is siding with the company regarding an ESOP valuation

DOL is siding with the company regarding an ESOP valuation for a 100% ESOP established in March 2008 without interviewing the previous owners, original fiduciary trustee or valuation firm. DOL is currently expressing valuation was incorrect. In hindsight, any valuation done prior to the greatest economic crisis since the Great Depression that occurred in September 2008 can now be said to be wrong but at the time of transaction given history, the valuation was "correct." What recourse against the DOL findings does one have especially if their findings are tainted by only the company interview? (It actually appears to be collusion). Note for ESOP employees paid nothing for any shares and also retained the. 401-k. Also the company already defaulted on the bank loan which the previous owners put up as cash collateral. So employees were absolutely not disadvantaged! Previous owners also paid taxes in the total transaction amount. Both actions: payment of full taxes and putting up collateral was with full faith the company had a firm foundation and would succeed. Lastly, the company revenue has exceed the valuation every year by several million. What recourse against what is felt to be a DOL " invalid" opinion?

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Infolawyer

Attorney

Juris Doctor.

 
36,612 satisfied customers
I HAVE BEEN RETIRED SINCE 2007 I HAD A ESOP ACCOUNT .I WORKED FOR THIS COMPANY 26 YEARS

I HAVE BEEN RETIRED SINCE 2007I HAD A ESOP ACCOUNT .I WORKED FOR THIS COMPANY 26 YEARS. I AM HAVING PROBLEMS GETTING MY ESOP.

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

 
104,268 satisfied customers
can my employer reduce all the hourly employees pay with reducing

can my employer reduce all the hourly employees pay with reducing the salary employees pay hourly employees work a 45 hour work week these hours are in our employee hand book and have been the hours since the company founded in 1946 I just feel it is unfair in hourly has to to a pay cut I feel that salary should to in hard times

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Marsha411JD

Doctoral Degree

 
18,516 satisfied customers
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