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Fifth Circuit Rules That Project Completion Bonus Is Not an ERISA Severance Plan
ProskauerLink to more items from this source
Apr. 2, 2021

"Unlike a typical severance arrangement, the plan language described the benefit as a 'retention incentive' and payment was tied to completing projects, without regard to whether employment actually terminated." [Atkins v. CB&I, L.L.C., No. 20-30004 (5th Cir. Mar. 22, 2021)]

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