New York State is Set to Impose New Requirements for Separation Agreements

Short summary

New York's "No Severance Ultimatums Act" requires employers to give all employees a 21-day consideration period and a 7-day revocation period for separation agreements, expanding beyond federal OWBPA protections that only cover workers over 40. Non-compliant agreements will be void and unenforceable, meaning employers could pay severance without receiving a valid release of claims. HR teams should update NY separation agreement templates immediately before the Act takes effect upon the Governor's signature.

• •NY's No Severance Ultimatums Act requires 21-day consideration and 7-day revocation periods for all employees
• •Non-compliant agreements are void and unenforceable, even if severance is paid
• •Employers must update NY separation templates before the Act takes effect

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