A severance package is pay and benefits an employee receives when he or she
... waive any right to possibly pursue a legal claim against the former employer.
There is no requirement in the Fair Labor Standards Act (FLSA) for severance
pay. Severance pay is a matter of agreement between an employer and an ...
In a majority of situations, severance pay laws do not require employers to offer
severance packages to terminated employees -- but it could make sense to do it.
Q: Is there a law that requires employers to provide severance pay? A: No. An
employer has no obligation to provide severance pay. The only benefit that ...
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 »
When it comes to severance pay, you may be able to negotiate more than what's
... law to see if you're eligible for benefits if you take the severance package.
If you decide to pay severance, the most important rule is to be consistent. ...
Although a federal law called the Consolidated Omnibus Budget Reconciliation
Jul 27, 2009 ... What you need to know before accepting a severance pay agreement ... there is
no law or regulation requiring any company to offer severance.
May 8, 2012 ... If you quit your job, however, you'd be ineligible for severance pay. ... as a way to
negotiate with you to get you to give up your legal rights (this ...
state and national labor laws and human resources management compliance
tools about Severance Pay explained in plain English.