Previously, I’ve written about the benefits that buy-sell agreements bring to businesses, owners and their families.
Now, I want to delve deeper into the triggering events that would actually cause a business or business owner to rely on the established provisions within a buy-sell agreement.
First, a quick review: Buy-sell agreements are designed to provide unbiased and pre-determined ways of transferring ownership, especially during certain triggering events that may cause adverse circumstances. This helps minimize the potential for future conflict over company policy with the departed shareholder, and the potential for the departed shareholder to benefit from any future successes created by the remaining shareholders.
The buy-sell agreement also enables the remaining shareholders to decide who the next shareholder, if any, might be and to prevent or reduce the possibility of a shareholder selling his or her shares to unwanted parties.
The common link of
Gene Ryan, head of Baltimore’s Fraternal Order of Police, took a step back following backlash as the result of a remark he made regarding protesters in the Freddie Gray case. “Maybe I need to reword that,” he said at a news conference. But while Ryan acknowledged his words were inappropriate, Freddie Gray’s family lawyer is demanding an apology, according to the Baltimore Sun.
Nonetheless, the debate fails to persuade the American people, and Fitz’s ratings start to drop. Mellie’s campaign manager, Elizabeth North, suggests that Mellie announce that she and Fitz are divorcing in order to distance herself from Fitz, but Mellie won’t have it. So Fitz dials his favorite lifeline, Olivia, who comes through with the game-winning idea—embrace the conflict by saying that it isn’t a conflict at all. During her next stump speech, Mellie essentially tells voters to vote for her because she sleeps with the president and has his ear. Brilliant. With that, Olivia saves her lover and her other lover’s wife all in one episode.
This page contains a single entry by Christopher Coble, Esq. published on April 23, 2015 10:10 AM.
3 Common (and 1 Uncommon) Baseball Fan Injuries was the previous entry in this blog.
How Do I Know if I am Eligible for a Class Action? is the next entry in this blog.
According to reports, the store demanded that the pregnant manager reimburse the $400 loss because
she violated company policy by leaving too much money in the cash
register. She refused and was fired. Popeyes eventually offered the
woman her job back and $2,000 in back pay.
Was Popeyes’ demand for reimbursement legal? Can you require an employee to pay for losses due to theft?
Federal law doesn’t explicitly prohibit requiring employees pay for an employer’s losses. Employers are allowed to deduct employees’ wages for walk-outs, breakage, or cash register shortages. However, “where deductions … reduce the employee’s wage below the minimum wage, such deductions are illegal.”
Last November, hackers who had gained access to Sony Entertainment Pictures data began releasing emails, un-released films, and personal information gained from a possibly year-long attack. Last week, WikiLeaks posted the entire collection of stolen data, around 200,000 documents and emails.
The hack itself was illegal under nearly all state and federal computer crime laws. But does that mean posting and reading the leaked documents is criminal as well?
Nearly six months after being nominated by President Barack Obama for the post and clearing political and procedural hurdles, Loretta Lynch has been confirmed as the next U.S. attorney general.
Lynch was confirmed by the U.S. Senate by a vote of 56-43 on Thursday, with 10 Republicans voting in favor of her taking the post, according to the New York Times and other media outlets.
Lynch, who was born and raised in North Carolina, becomes the first African-American woman to hold the post. She’s a graduate of Harvard University and Harvard University Law School and had been serving as a U.S. attorney for Brooklyn when she was nominated by Obama in November.
The vote that finally came Thursday had been held up by U.S. Senate Majority Leader Mitch McConnell, a Kentucky Republican, who had wanted the passage of a human trafficking bill before