Coming soon - Get a detailed view of why an account is flagged as spam!
view details

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

1
Terminated from job - Separation Benefits - Severance Question
Post Body

Hello,

I was recently terminated from my job, and was told I wold be getting Severance. Can somebody read this over and help me understand this better?

  1. Separation Benefits. As consideration for the Employee's execution of non-revocation of, and

compliance with this Agreement, including the Employee's waiver and release of claims in 4

and other post-termination obligations, the Employer Group agrees to provide the following

benefits to which the Employee is not otherwise entitled:

(a) Continued payment of Employee's base salary in accordance with the Employer's

regular payroll practices, less all relevant taxes and other withholdings, for a period of

five (5) days / starting on the termination date following the Effective Date (defined

below) but no later than 60 days after the Separation Date. The first installment

payment shall include all amounts that would otherwise have been paid to the

Employee during the period beginning on the Separation Date and ending on the first

payment date.

Notwithstanding the foregoing, no payments hall be made or begin before the

Effective Date of this Agreement.

Does this mean i'll be getting paid for 5 days every payroll?

Author
Account Strength
60%
Account Age
3 years
Verified Email
Yes
Verified Flair
No
Total Karma
372
Link Karma
184
Comment Karma
188
Profile updated: 6 days ago
Posts updated: 2 days ago

Subreddit

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
2 months ago