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.".
Dec 11, 2012 ... Some employers choose to offer severance pay to employees who are
terminated, either involuntarily or voluntarily. The primary reasons for ...
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.
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 »
Apr 13, 2007 ... Companies pay severance because it's cheaper than being sued for ... Another
reason for severance is to compensate for non-compete ...
Normal circumstances that can warrant severance pay include layoffs, job
elimination, and mutual agreement to part ways, for whatever reason. Severance
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.
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 ...
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 ...