New Jersey regulators have signaled their intention to place independent contractor (“IC”) relationships under a magnifying glass this year. Governor Murphy recently signed an executive order establishing a Task Force on Employee Misclassification, through which representatives from the Departments of Agriculture, Economic Development, Human Services, Transportation, Treasury, and the Attorney General’s Office have been collaborating…
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Toys R Us Employee Protests, At the Intersection of Employment and Bankruptcy Law
News of protests among the 33,000 Toys R Us employees impacted by the retail giant’s bankruptcy grabbed headlines last week. The Wayne, New Jersey-based institution announced the immediate closure of nearly 200 stores upon filing for bankruptcy last fall, and liquidation sales at the remaining 700+ stores are well underway. Employees are outraged by their…
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The New Jersey Equal Pay Act – Effective July 1, 2018
On July 1, 2018, the Diane B. Allen New Jersey Equal Pay Act will go into effect. If you have employees, you need to know about this important new law and what it might mean for you and your business. For more information please read Lauren Paxton's Article: Equal Pay Act - Just the FAQs For…
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Comparison of Equity Grant Structures
We are often asked to provide an explanation as to the different types of non-cash compensation that are traditionally granted to employees of a company. The following provides a high level summary. OUTRIGHT EQUITY GRANT Ownership: Outright ownership fully vested as of the date of grant. Can be subject to claw back (i.e., repurchase) by…
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