With news of Morgan Stanley’s plans to make significant cuts in its debt and currencies ranks across all offices (Wall Street Journal, December 1, 2015, page C1), the importance of having your “employment disaster recovery bag” at the ready is highlighted. Included in that “bag” should be your offer letter; any confidentiality, non-solicit, non-compete, work for hire and/or garden leave agreement; employee handbook; and any document or plan relating to your equity, deferred compensation, bonus, pension, or any other aspect of your employment. It’s always good to be prepared and keep your documents in order and up to date, so that if the ax should fall in your direction, you are prepared once the separation documents are presented to you. And, should you retain counsel, you will make the process that much more efficient.
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