A severance package is compensation a company offers to employees who face layoffs. It can include money and other benefits, such as continuing insurance coverage, job placement assistance, or a ...

As part of the severance package, the employee may be able to maintain or acquire any unvested interest in a retirement account. • Stock Options: Many employees are part of an employee stock ...

Severance is a compensation package offered by employers to employees who are being terminated. It often consists of a lump sum payment, the option to continue health benefits for a predetermined ...

A severance package extends a monetary payment to an outgoing employee or group of employees, typically when they are terminated for business reasons, such as during a round of layoffs. Additionally, ...

Ultimately, companies aren’t legally required to give employees severance packages (except for through the WARN Act, which may require companies with 100-plus full-time workers to pay two months ...

After months of uncertainty and feeling left in the dark, many former Twitter employees impacted by a mass layoff in early November began receiving their severance offers over the weekend. But ...

1. Severance Pay. A company may be obligated to pay severance under the employee’s employment agreement, under the federal WARN Act or its state equivalent, or pursuant to company policy. Even ...

Departing employees often think they have no leverage to ask for a better deal, or that pushing back will result in an even smaller severance package. That’s a fallacy, and it’s one that ...

Some employees being laid off by Big Tech companies can expect generous severance packages. But accepting severance also means giving up the ability to bring future claims, labor lawyers said.

Severance packages may vary based on the employer’s preference and the circumstances of separation. Such a package may include: Salary continuation: A lump sum or periodic payments, often ...

Seven former BioWare employees, each averaging 14 years of employment with the studio, are suing the company for allegedly offering inadequate severance packages. The company allegedly refused to ...