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New York Senate Passes First-In-The-Nation Bill Requiring Mandatory Review and Revocation Period for All Severance Agreements
Troutman Pepper Locke 
[Guidance Overview] Mar. 6, 2025 "[The No Severance Ultimatums Act (S 372) would require] employers to provide employees with at least 21 business days to review a separation agreement, and seven calendar days to revoke the separation agreement (meaning an agreement cannot become effective or enforceable until the revocation period has expired). While employees can voluntarily sign a separation agreement before the required consideration period expires, the revocation period is not waivable." MORE >> |
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