Contract analysis
Clause-by-clause risk read on any document of the firm. Pick a contract, or open any document from a matter.
Contract analysis / board-presentation-audit-scoping.pptx
board-presentation-audit-scoping.pptx
High · 1
Medium · 1
Standard · 0
1. Failure to pay overtime at 1.5× the regular rate for hours worked over 40/week in viola
1. Failure to pay overtime at 1.5× the regular rate for hours worked over 40/week in violation of FLSA § 207(a)
2. Illegal automatic meal-break deductions of 30 minutes per shift despite employees being
2. Illegal automatic meal-break deductions of 30 minutes per shift despite employees being required to remain on-call and perform duties during meal periods
3. Failure to compensate pre-shift and post-shift work (donning/doffing uniforms, booting
3. Failure to compensate pre-shift and post-shift work (donning/doffing uniforms, booting up computers, shift-handover briefings) — estimated 15–25 minutes per shift
4. Failure to pay Florida minimum wage for tipped employees under Art. X, § 24, Florida Co
4. Failure to pay Florida minimum wage for tipped employees under Art. X, § 24, Florida Constitution (applicable to front-desk and concierge roles receiving pooled tips)
5. Willful misclassification of certain 'lead' and 'senior' hourly roles as exempt under t
High
⚑ Penalty / liquidated damages
5. Willful misclassification of certain 'lead' and 'senior' hourly roles as exempt under the FLSA administrative exemption [slide 4] Properties and Workforce in Scope Seven Verimark-branded hotel/resort properties across Tampa Bay, Orlando, and South Florida markets Verimark Regency Tampa — 320 rooms, ~410 employees (~295 hourly) Verimark Grand Orlando — 485 rooms, ~580 employees (~420 hourly) Verimark Shores Clearwa
1. Approve engagement of Ridgepoint Advisory Group LLC for forensic payroll analytics ($85
1. Approve engagement of Ridgepoint Advisory Group LLC for forensic payroll analytics ($85,000–$120,000)
2. Authorize transmission of final response to Garza, Linden & Okafor demand letter (reque
2. Authorize transmission of final response to Garza, Linden & Okafor demand letter (requesting extension of February 28 deadline)
3. Confirm litigation-hold compliance across all 23 custodians and VHG data systems
3. Confirm litigation-hold compliance across all 23 custodians and VHG data systems
4. Expedite data collection from Luminos Payroll Solutions Inc. (time-punch records, auto-
4. Expedite data collection from Luminos Payroll Solutions Inc. (time-punch records, auto-deduction configurations, payroll registers for account LTT-VHG-2022-0041)
5. Initiate outreach to Palomar Realty Partners LLC regarding common interest agreement fo
5. Initiate outreach to Palomar Realty Partners LLC regarding common interest agreement for Verimark Shores Clearwater
6. Coordinate with Hargrove Kessler & Co. LLP and CFO Marguerite A. Dunning on contingent-
6. Coordinate with Hargrove Kessler & Co. LLP and CFO Marguerite A. Dunning on contingent-liability disclosure assessment
7. Monitor Pinnacle Indemnity coverage response and complete coverage analysis
7. Monitor Pinnacle Indemnity coverage response and complete coverage analysis
8. Calderwood & Harkness to present preliminary audit findings and remediation recommendat
Medium
⚑ Confidentiality undertaking
8. Calderwood & Harkness to present preliminary audit findings and remediation recommendations to Audit Committee by late May 2026 [slide 17] Questions and Discussion Calderwood & Harkness team available for questions Bernard Crawford — bernard.crawford@calderwoodharkness.com Nadia Petrov — nadia.petrov@calderwoodharkness.com Calderwood & Harkness LLP, 100 Southeast Second Street, Suite 3400, Miami, FL 33131 Matter N