See also Chapter 59, Welfare Benefit Trusts and VEBAs, for plans that pay severance benefits
from prefunded trust arrangements.
First, you may be overdue for a review of the design of your severance benefits
However, the IRS has taken a clear position that it will not consider benefits to be severance benefits
if they are payable upon termination for any reason and are not limited to types of termination normally associated with severance pay, such as early or otherwise unexpected termination.
CIC severance benefits
are typically provided in one of two ways:
This amount far exceeds severance benefits
enjoyed by the other peer group CEOs.
Camden National Bank has pledged not to resort to job cuts at the retail units and to provide severance benefits
to all employees.
The liquidation commission was instructed to address the issue of firing personnel of the Financial Police and payment of severance benefits
and other entitlements in accordance with the laws of the Republic.
Central withheld Dickens' severance benefits
immediately after he was fired on Feb.
Employees will be eligible for COBRA as mandated by law, and severance benefits
will be offered.
4m in pilot severance benefits
and related taxes were paid prior to 31 December 2009.
The company said it is willing to discuss severance benefits
for the employees, he said.
The EEOC said Allstate had adopted a hiring moratorium for a period of one year, or while severance benefits
were being received, that had a disproportionate impact on workers over age 40 because more than 90 percent of the agents subjected to it were in that age group.