Massachusetts Consent of Employer To Lump Sum Settlement is an agreement between an employer and employee that allows the employee to receive their wages in a single lump sum payment rather than the traditional bi-weekly or monthly paycheck. This type of settlement is typically used when an employee terminates their employment or retires. There are two types of Massachusetts Consent of Employer To Lump Sum Settlement: voluntary and involuntary. Voluntary is when the employer and employee mutually agree to the settlement and the employee will receive the lump sum payment in lieu of their remaining wages. Involuntary is when the employer terminates the employee's employment and the employee is entitled to the lump sum payment in lieu of the wages they would have earned had their employment continued. Both types of Massachusetts Consent of Employer To Lump Sum Settlement require the employer to provide the employee with documentation of the agreement, including the amount of the lump sum payment, the date of payment, and the reason for the agreement.
Massachusetts Consent of Employer To Lump Sum Settlement
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