Example of a severance package agreement. A severance agreement is a legal document signed by both the employee and the employer. It typically outlines the exchange of severance pay and the liability ...

Although not offered by all companies, a severance package is ... For example, some long-tenured employees may qualify for a cash bonus in addition to their regular severance package. ...

Severance packages can include a mix of the following: ... For example, a banking or financial services company can be expected to offer a couple of weeks of severance pay per year of service, ...

For example, California requires ... If you receive a severance package, it’s important not to sign any documents before thoroughly reading and understanding their contents.

Many severance packages pay 50% to 100% of wages for a specified time period, and if you’re collecting unemployment benefits as well, ... For example, let’s say your ...

Here's an example of how this could play out. Say a company gives three weeks of severance for each full year worked, maxing out at 27 weeks. An employee who has been at the company for 10 years ...

The top ranks of U.S. companies are always in flux‚ but that’s been more true than usual recently. During the first few months of this year, CEO turnover was 18% higher compared to 2022 ...

Alphabet employees from various units got different severance packages when they were laid off. Alphabet laid off more than 12,000 employees, giving Googlers a base of 16 weeks of severance. Other ...

For example, the NLRB ruling alluded to the possibility that severance agreements can include disclaimers that allow for non-disparagement and confidentiality provisions. “A disclaimer could say we’ll ...

Ross Catrow, a city spokesperson, said the total value of the second set of severance packages was $66,326.30, bringing the total value of all 32 packages to $953,584.30 — roughly $29,000 per ...