should be payable only in the event of involuntary termination or voluntary termination that occurs for "good reason" (i.
You may condition the receipt of severance benefits
on the waiver of the employee's right to file a lawsuit or collect monetary or other personal relief.
There is at least anecdotal evidence that generous severance benefits
, which are intended to be a bridge to facilitate transition to a new job, may actually in some instances simply be a crutch which only delays an active job search.
In each instance, employees who signed a no-suit agreement received more severance benefits
than those who didn't.
The firm argued that: (i) H&R Block Financial Advisors and H&R Block withheld from Fitzgerald certain stock options that they were contractually obligated to pay him, and (ii) H&R Block Financial Advisors and H&R Block refused to pay Fitzgerald severance benefits
as required by the terms of the company severance plan.
FOR A COMPANY TO BE ELIGIBLE, IT MUST HAVE PAID severance benefits
to employees under an established reduction-in-force plan.
Moreover, you can share some of those savings with departing employees in the form of more generous severance benefits
Bona fide severance benefits
are not subject to Section 457.
Such costs include severance benefits
and outplacement services for plant employees, including setting up a Career Transition Center, which will work with labor officials and outside career counselors to help employees find new jobs.
The job eliminations are anticipated to be in large part complete by mid-year 2009 and all those impacted by these actions will be eligible for severance benefits
and outplacement support.
Windstream expects to incur a $6 million charge in the fourth quarter to pay severance benefits
to affected employees.
Don't try to hide your severance benefits
, but don't wait for your severance benefits
to expire before you register.