Tag: deferred compensation

Hidden tax penalties often lurk in employment agreements

by Matthew H. Parker Senior-level employees often enter into contracts stating they will receive separation pay if their employment is terminated unexpectedly. For example, employers often promise executives severance pay unless they are fired “for cause.” Other times, a company will promise that an executive can resign and collect severance pay following a change in […]

Mandatory Retirement Being Retired across Canada

Mandatory retirement has a long and storied history as part of the Canadian labor system. As we enter 2010, it appears that a new chapter is being written, one in which mandatory retirement is the exception rather than the norm. In Canada, mandatory retirement developed along with the introduction of private and public pension plans. […]