The Bottom Line In the current economic environment, courts may be less willing to enforce broad protective covenants that restrict former employees from accepting new job opportunities.Now is the time for employers to take a hard look at their protective covenants and make sure that they are only Continue Reading
COVID-19: As Cases Continue to Spread, Will Court Cases Begin to Spread?
The Bottom Line When the calendar turned from 2019 to 2020 a mere four months ago, few could have imagined that a novel coronavirus (COVID-19) outbreak would soon disrupt societies across the globe and upend the lives of millions of people. While the coronavirus continues to spread across Continue Reading
Expense Reimbursements for Work-from-Home Arrangements during COVID-19
The coronavirus (COVID-19) outbreak has presented a myriad of business, legal and operational issues across all industries. Nowhere is that more visible than employers transitioning — what seems like overnight — their employees to working from home. Among the technology and privacy issues that need Continue Reading
COVID-19 and Executive Compensation
The Bottom Line Now that the sweeping effects of the coronavirus pandemic are starting to settle in, employers should be prepared to address executive compensation issues that will arise with respect to top tier management and broader talent throughout the organization. Executive contracts, Continue Reading
COVID-19 Considerations for Retirement Plan Sponsors and Committees
The Bottom Line Employers must take action now to provide appropriate oversight of their retirement plans, both in reaction to recent legislation and extreme stock market volatility due to COVID-19. This is especially true for those employers that have needed to reduce their active Continue Reading
Health and Welfare Considerations for Plan Sponsors Amid the COVID-19 Pandemic
The Bottom Line As employers make changes to their workforces in response to COVID-19, particularly in light of recent legislation under the Families First Coronavirus Response Act (FFCRA) and the recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act), employers should Continue Reading
Tax Provisions Contained in the CARES Act
The Bottom Line The CARES Act offers a number of tax benefits for both individuals and businesses with the aim to enhance taxpayer cash flow for 2020.Both classes of taxpayers need to pay close attention to these tax provisions as a number of them will have an immediate impact on both personal and Continue Reading
New York City to Provide Financial Assistance to Small Businesses Impacted by COVID-19
The Bottom Line New York City (NYC) has recently made available two financial assistance programs to aid small businesses located in the five boroughs. NYC Mayor Bill de Blasio announced on March 8, 2020 that NYC will offer access to the NYC Employee Retention Grant Program (ERGP) and the Continue Reading
Revisions to Proposed Family First Coronavirus Response Act: Potential Relief for Employers
Update The Senate confirmed this version of the FFCRA and the President signed it into law on March 18, 2020. It goes into effect April 1, 2020. Of importance, the amended version of the bill tightens the definitions of when employees can take coronavirus-related leave or sick time and places caps Continue Reading
The Families First Coronavirus Response Act: What Employers Need to Know
The Bottom Line On March 14, 2020, the House passed the Families First Coronavirus Response Act (the Act), which the Senate is expected to approve in sum and substance sometime this week. President Trump has expressed approval for the legislation, which will go into effect 15 days Continue Reading