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Severance package


A severance package is pay and benefits an employee receives when he or ... Severance pay is not required if the employee was terminated with "just cause.".

Severance: Why do employers offer severance packages and what ...


Dec 11, 2012 ... Some employers choose to offer severance pay to employees who are terminated, either involuntarily or voluntarily. The primary reasons for ...

Severance Pay Laws: Does It Make Sense to Offer Severance Pay ...


In a majority of situations, severance pay laws do not require employers to offer ... benefits if they were terminated for reasons other than serious misconduct.

Should You Offer Severance Pay? | Nolo.com


Many employers routinely give severance packages to long-term employees who are fired for reasons other than serious misconduct, even if they are not legally ...

For example, it could be a week's pay for every year or service or a flat amount based on six weeks pay, or any other amount determined by the employer. There is no requirement in the Fair Labor Standards Act (FLSA ) for severance pay. Caitlyn was paid a week's salary... More »
By Alison Doyle, About.com Guide

Why Severance? — Evil HR Lady


Apr 13, 2007 ... Companies pay severance because it's cheaper than being sued for ... Another reason for severance is to compensate for non-compete ...

Why an Employer Might Want to Provide Severance Pay


Normal circumstances that can warrant severance pay include layoffs, job elimination, and mutual agreement to part ways, for whatever reason. Severance pay ...

3 Severance Pay Questions Every Employee Should Ask - US News


May 8, 2012 ... If you quit your job, however, you'd be ineligible for severance pay. Here are three severance ... 3 Reasons to Eat Lunch With Your Co-Workers.

What To Do When You Have Been Offered A Severance Package ...


A severance package is pay and benefits that an employee is offered when they ... According to one recent survey, the number one reason is to avoid a future ...

Severance Pay - Does my employer have pay it?


There is generally no requirement that severance or termination pay be given ... such pay or unless there is another specific reason a severance package would ...

Popular Q&A
Q: How to Collect Severance Pay.
A: Some employers give severance pay when they let you go from the company in order to prevent lawsuits. The employer will ask you to sign a severance pay agreemen... Read More »
Source: www.ehow.com
Q: How to Calculate Military Severance Pay.
A: When a service member involuntarily leaves the military with an honorable discharge, he may be eligible for military severance pay. This one-time payout was ins... Read More »
Source: www.ehow.com
Q: When is severance pay entitled.
A: It's never entitled. It depends on the company or employer that you work for as to whether it is given out or not. It is usually a part of the entire benefits p... Read More »
Source: www.answers.com
Q: What is severance pay?
A: n. A sum of money usually based on length of employment for which an employee is eligible upon termination. Read More »
Source: www.answers.com
Q: What are reasons for severe cramps?
A: It can be anything from menstrual cramps to E. Coli infection. Check Webmd.com to check all symptoms. Cha Cha! Read More »
Source: www.chacha.com