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Employee releases and Section 409A of the Internal Revenue Code
Whether you are giving a departing employee a pat on the back or a kick in the backside on his way out the door, you probably want to get a release of claims without a whole lot of drama. For their part, most departing employees simply want their severance benefits and to move on with their lives. Historically, this release/severance dynamic has served both employers and employees well and kept countless claims out of our courts.
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