Bill > A08986

This bill establishes the "no severance ultimatums act," which prevents employers from giving coercive ultimatums to employees or former employees relating to such employee's severance from employment. The key provisions include: 1) requiring employers to notify employees of their right to consult an attorney and have a 21-business day consideration period for any severance agreement, 2) allowing employees to revoke the agreement within 7 days, and 3) prohibiting employers from pressuring employees to sign the agreement before the revocation period expires. The bill also states that any severance agreement violating these provisions will be deemed void and unenforceable.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2023/A8986