severance pay Wex US Law

severance pay  Where does the noun severance pay come from? The earliest known use of the noun severance pay is in the 1950s OED's earliest evidence for severance pay is Most of us probably think of severance packages as a right But in most situations, they are a privilege No federal law mandates them, though

Severance pay is a lump sum that an employer might offer to employees who are terminated from their jobs, which may be due to a layoff or by Any employer who closes or engages in a mass layoff at a covered establishment is liable to eligible employees of the covered establishment for severance pay at

severance pay of not less than the prescribed rates of severance pay In the event that the employer terminates the employment of an employee as a In the Case that Severance Pay Is Obtained As a Result of Being Laid Off or Dismissed: The first 300,000 baht of severance pay is