Executive's Change of Control Severance Benefits Were Not Subject to ERISA | Practical Law
A federal district court has held that an amendment to an executive's employment agreement that provided severance benefits following a change in control was not an employee benefit plan subject to the Employee Retirement Income Security Act of 1974 (ERISA). As a result, the executive's state-law claims were not ERISA-preempted, and the federal court remanded the case to state court.