05.14.20 | Articles, Books & Journals
Employment Agreements Under (Dis)stress
New York Law Journal
Many businesses are facing the need to reduce costs as a result of the coronavirus and its economic impact. For many businesses, that means cutting salaries sharply. For an individual with an employment contract, a substantial cut in pay could implicate a number of rights under that contract. In this article, we consider the circumstances under which a cut in pay might amount to a de facto or constructive termination which gives rise to a claim for severance and other benefits under an employment agreement. We hope you find the article of interest.
Employment Agreements Under (Dis)stress (PDF | 479.74 KB)