Severance Plans

Mazursky Constantine routinely drafts and designs severance plans covering hourly, salaried and/or executive employees. We also advise our clients in regard to the ERISA implications of severance plans and help draft plan documents and summary plan descriptions that comply with ERISA while achieving the company’s goals.

Section 409A of the Internal Revenue Code plays a significant role in the terms and structure of these plans, and we are well-versed in the considerations imposed by that section.