Moreover, you can share some of those savings with departing employees in the form of more generous severance benefits
These programs couple severance benefits
, such as cash payments to cover lost salary and bonuses, plus continuation of health and welfare benefits, with specific plan provisions previously described.
The federal district court in Maryland held that Lockheed violated the antiretaliation provisions of the federal discrimination laws because the use of the word "charges" implied that the receipt of severance benefits
was conditioned upon the waiver of an employee's right to file an EEOC charge or otherwise participate in EEOC investigations or hearings.
Most severance benefits
are paid during difficult economic times when companies can least afford the added expense.
Though not a new practice, requiring employees to give up certain rights in exchange for better severance benefits
has drawn a lot of media attention.
They will also be offered transition and severance benefits
The purpose of the meeting, the grounds for the dismissal, and severance benefits
should be specified.
75 percent of the average annual qualified direct costs for SUB or severance benefits
for any two of the immediately preceding seven taxable years; and
4 million in pilot severance benefits
and related taxes were paid prior to December 31, 2009.
Windstream expects to incur a charge of about $15 million in the fourth quarter to pay severance benefits
to affected employees.
Fitzgerald alleged in arbitration proceedings that he was denied contractual compensation and severance benefits
because he would not agree to a two-year non-compete restriction, which the firms attempted to force upon him.
The award included $368,000 in unpaid severance benefits
, which is on top of the $130,000 that Abraham had already received, $254,000 in attorney fees and costs, and more than $37,000 in penalties.