Am I allowed to keep my severance package even though I get another position in the same company?
Got the call from HR that my current role is being eleminated. Not based on performance. I was offered a serverance package and allowed to look for other positions in the same company. Question is am I allowed to keep my severance package even though I get another position in the same company? I read the serverance package and doesn't say anything about forfeiting the severance package if I were to obtain another job in the same company.
1 answer | asked Dec 5, 2020 7:38 PM [EST] | applies to New York
Answers (1)
The answer to your question depends on what the severance agreement states.
Many severance agreements prohibit working for the same employer. Others require advance notice before accepting a position with any affiliated company. Some have language which state that severance ends the minute an employee returns to work.
You should pay an employment attorney a flat fee to review your agreement if you are denied the severance pay or the job.
posted by Jonas Urba | Dec 6, 2020 6:54 PM [EST]
Many severance agreements prohibit working for the same employer. Others require advance notice before accepting a position with any affiliated company. Some have language which state that severance ends the minute an employee returns to work.
You should pay an employment attorney a flat fee to review your agreement if you are denied the severance pay or the job.
posted by Jonas Urba | Dec 6, 2020 6:54 PM [EST]
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