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White & Case LLP | Global | 1 Jan 2010

Severance releases and international employees

A multinational leaves itself exposed to unfair double-dipping if it pays severance pay to a terminated international employee in exchange for an incomplete release that lets the fired employee turn around and sue in a country where the release is not enforceable.


White & Case LLP | USA | 21 Jul 2009

IRS proposed rule: employers with ‘business hardship’ can reduce or suspend safe harbor nonelective contributions

On May 18, 2009, the Internal Revenue Service issued proposed regulations allowing employers who incur a substantial business hardship to reduce or suspend safe harbor nonelective contributions under their 401(k) or 403(b) plan after the beginning of a plan year.

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