Latest / Employment Law This Week
New York Employers Face New Restrictions on Severance, Tuition Repayment, and Sick Time
What employers should know about key developments this week:
Severance Agreement Overhaul: The No Severance Ultimatums Act, awaiting Governor Kathy Hochul's signature, would extend a 21-day review period plus a seven-day revocation period to all employees and require severance agreements to explicitly state that the employee has the right to consult counsel. The legislation would take effect immediately upon signature.
Trapped at Work Act Amendments: On December 19, 2026, New York's ban on "stay or pay" promissory notes takes effect. The Trapped at Work Act carves out financial bonuses and…
The skinny
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