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Can a company's offer of severance pay be withdrawn ...

Sep 15, 2012 · Can a company's offer of severance pay be withdrawn? September 15, 2012 2:20 PM Subscribe. Will my company stop paying me severance if they learn I've already found another job? So, I got laid off on Friday. That's bad. However, I sensed this was coming, and wanted to get out anyway, and I already have a new job lined up. That's good!…

How Severance Pay Works and Who Gets It - The Muse

While severance is typically monetary—delivered in one lump sum—it’s not the only form a payment can take. For example, you may ask your company to foot your health insurance bill for a couple of months, or you may request to keep your laptop computer after it’s been wiped clean of company data.Author: Stacey Lastoe…

COBRA and Severance Agreements – A Gift or a Curse?

COBRA and Severance Agreements – A Gift or a Curse? ... Similarly, self-funded employers may violate the coverage provisions of their stop-loss agreement. Consequently, failure to offer COBRA can expose an employer to significant financial liability for claims not paid by an insurance carrier or stop-loss insurer. ... minimize tax ...…

Severance Agreement FAQs for Employees Lawyers.com

Unless you have an employment contract specifying what you will receive in severance, an employer can generally change its severance plan at any time. There's nothing to stop an employer from modifying the plan or getting rid of it altogether, as long as it provides advance notice to employees.…