Legal Question in Business Law in New Jersey
Profit sharing distribution
How long does a former employer have to send you a check after receiving your notarized paperwork when taking a cash payout from a profit sharing program? I live in NJ but the business is in PA.
Asked on 12/28/06, 1:11 pm
1 Answer from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
Re: Profit sharing distribution
THIS DEPENDS UPON WHAT NEEDS TO BE DONE BY THE ENTITY HOLDING THE FUNDS, BUT SHOULDN'T BE MORE THAN A FEW WEEKS. ALLOW MORE TIME DUE TO THE CURRENT HOLIDAYS.
Answered on 12/28/06, 1:18 pm
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