Once again, a big corporation has had to learn the old severance package agreement lesson: You can make people sign 'em, but good luck enforcing them.

This time, drugstore giant CVS Caremark got taken to severance package school. The instructor: the Equal Employment Opportunity Commission.

The EEOC sued CVS Caremark in federal court in Chicago on behalf of former employees, charging it with discrimination based on the language contained in severance package agreements it required employees to sign in order to get their going-away-party benefits.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.