All Questions and Answers about Severance pay

Does a company in "foreclosure" have to honor employment agreements - specifically severance pay?
My company CEO just announced to the team yesterday that the company has no cash and will be letting all but 5 people go in a mass layoff. Keeping the 5 people is for the purpose of managing an asset ...
1 answer  |  asked May 6, 2010 05:36 AM [EST]  |  applies to Ohio

I have laid off on last month. I have received severance package.
1 answer  |  asked Mar 11, 2010 08:37 AM [EST]  |  applies to California

Can my former employer refuse to pay my severance until I leave the state?
I worked on a large estate and was paid a salary. A residence was also provided. When I was terminated I was offered one month's pay as severance. The employer required that I sign a letter stating th...
1 answer  |  asked Feb 21, 2010 12:46 PM [EST]  |  applies to New York

Comparible Offer
My employer is selling our business unit to competitor. They offer a severence package but say that if the purchasing company makes a "comparible offer" in regards to position, pay and distance of tra...
1 answer  |  asked Feb 19, 2010 10:11 PM [EST]  |  applies to Ohio

Is there a time frame?
1 answer  |  asked Feb 18, 2010 06:22 AM [EST]  |  applies to Georgia

Is it illegal for a school district to delay severance payment for tax purposes?
A retiring teacher wants to delay his severance payment until January of the year following his retirement. This is stated in the negotiated agreement as his right. Now the school administration is sa...
1 answer  |  asked Feb 5, 2010 3:03 PM [EST]  |  applies to Ohio

What rights do employees have if their company files Chapter 11.
I have worked for a company for 24 years. They have filed Chapter 11. they do not want to pay the employees any severance or their acrued vacation monies. What rights do we have?
1 answer  |  asked Jan 24, 2010 09:45 AM [EST]  |  applies to California

How is severance pay taxed?
In the agreement they want me to sign they want me to accept all tax liability. If it's considered income shouldn't the corp. pay normal payroll taxes and insurances? How do you get an agreement revie...
1 answer  |  asked Jan 19, 2010 3:39 PM [EST]  |  applies to Illinois

Can I sign a severance agreement after expressing a desire to renegotiate the terms?
I received a severance package after a layoff. I was given 7 days to reply. I expressed a desire to renegotiate the terms a day later (having left without signing the severance agreement) and subseque...
3 answers  |  asked Jan 18, 2010 10:25 PM [EST]  |  applies to California

How long does an employer have to mail a severance check after the severance package was signed by
Was forced to signed severance package on the 15th of the month. The paperwork was ready, but the check was not. Was told the manager who works out of state would mail the check to a manager who is on...
1 answer  |  asked Dec 20, 2009 09:40 AM [EST]  |  applies to North Carolina