Starbucks is adding a couple new employee benefits, both of which will begin Sept. 19. The first, dubbed the Student Loan Management Benefit, has been designed to help U.S. employees manage their student loans via a partnership with the online tool benefit platform Tuition.io. The second, My Starbucks Savings, is intended to help employees save for the “unexpected.” In partnership with Fidelity, employees can contribute a portion of after-tax pay on a recurring basis directly from their paycheck to an individual savings account. As an incentive, Starbucks will provide $25 and $50 credits at certain milestones.
Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
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