United States: A Post (F/n/a "Tweet") To Remind Plan Sponsors Of Key Considerations In Designing Severance Plans - Mintz

The recent Complaint filed for severance benefits against Elon Musk, X Corp., et.al., serves as a reminder that it is as important to clearly establish the fiduciary governance structure over severance plans subject to the Employee Retirement Income Security Act of 1974, as amended.