“The District Court ultimately agreed with the employer and found that the severance provisions in the executive’s individual employment agreement established an ERISA plan. The court’s analysis focused on five main points: Intended benefits. … Class of beneficiaries. … Source of financing. … Procedures for receiving benefits … Ongoing administrative scheme.” Zgrablich v. Cardone Industries, Inc., No. 15-4665 (E.D. Penn. Feb. 3, 2016) (Winston & Strawn LLP)
Court Rules Employment Agreement Severance Provisions Can Constitute ERISA Plan
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