Intel workers probably do not realize what is given up when a severance agreement is signed. Severance agreement terms may differ among classes of employees. Some Intel severance agreements may include a term forfeiting rights under ERISA. ERISA is the vast federal law governing employee benefits including pensions and disability. Signing such a release could mean forfeiting long term disability benefits, for example. Do not sign an Intel release unless you are absolutely sure what you are getting and….giving up.
Intel Severance Agreements: Devil in the details
About the Author: Richard Rizk
“Helping Everyday People, Every Day” is not just a slogan. It is my passion. I seek justice for you, an injured and/or disabled person facing a powerful insurance company or employer. Why? Because helping folks in claim distress makes best use of my unique blend of insurance defense and inside claim handling experience. I worked for insurance companies or their law firms from 1990 to 2001. As a result, I know insurers and employers have great power and sometimes abuse that power. I now work to prevent that from happening. I opened Rizk Law Offices in 2002. I have a big heart and insights only a former insurance attorney can have. Call me if you think I might be able to help you. – Richard H. Rizk