Severance Pay

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Severance Pay: Some Helpful Guidelines for Employers The term "severance pay" is often misunderstood. Here is a helpful overview of the issues employers should be ... (ARTICLE) How Is Severance Pay Determined? What are the rules about severance packages? Do I have to pay severance when I let someone go? (ANSWER ARTICLE) Severance pay: not always the norm. A survey by the Society for Human Resource Management (SHRM) suggests that forms of severance payments vary widely ... (PERIODICAL ARTICLE) IRS joins FASB on severance pay. The IRS ruled severance payments remain deductible business expenses, notwithstanding the U.S. Supreme Court ruling in U.S. v. (PERIODICAL ARTICLE) Severance packages get smaller. U.S. companies are offering less severance pay to mid-level employees who are laid off due to downsizing, according ... (PERIODICAL ARTICLE) Terminated employee entitled to severance pay In 1988, Barbara Ann Vargo went to work for Lincoln Brass Works Inc. in Detroit as an at-will ... (PERIODICAL ARTICLE) SEVERANCE PACKAGES FOLLOWING DISNEY: IN SEARCH OF BOARD BACKBONE HEADNOTE Boards need to show more intestinal fortitude in negotiating packages that make sense, particularly should perceptions of ... (PERIODICAL ARTICLE) SEVERANCE PACKAGES FOLLOWING DISNEY: IN SEARCH OF BOARD BACKBONE Directors of The Walt Disney Company may have escaped from liability in the ruling from the Delaware Chancery ... (PERIODICAL ARTICLE) Avoiding Severance Disasters HEADNOTE No board mints to be tongue-lashed by shareholders or the media for having paid a treasure for ... (PERIODICAL ARTICLE) The Deflation of the "Golden Parachute" in Bankruptcy Courts are showing increasing reluctance to allow lump-sum payments to executives under prepetition employment contracts as an administrative ... (PERIODICAL ARTICLE) C&S Subsidiary to Close Down in Baltimore County HALETHORPE, Md. -- Ocean Logistics, LLC, a subsidiary of Keene, N.H.-based C&S Wholesale Grocers Inc. said yesterday this ... (PERIODICAL ARTICLE) Too late now. (Since You Asked ...). Q I was laid off in August 2001 but found another job within three weeks. The severance package ... (PERIODICAL ARTICLE) Benefit change notices must be conspicuous J. C. Penney Co. established a severance payment plan for managerial employees who were terminated as a result ... (PERIODICAL ARTICLE) Severance plans shift away from cash. A well-designed severance package addresses employees' need for outplacement services and benefits such as health insurance, as well ... (PERIODICAL ARTICLE) IRS allows deduction for severance payments after Sec. 338 election. In Letter Ruling (TAM) 9721002, the IRS analyzed the question of whether severance payments made by a new ... (PERIODICAL ARTICLE) Attempt to avoid golden parachute rules fails. Jewel Companies, Inc. entered into severance pay contracts with its senior executives after it agreed to merge with ... (PERIODICAL ARTICLE) Xerox to offer technicians severance package Stamford-based Xerox Corp. plans to offer 15,000 service technicians nationwide a voluntary severance package in a program to ... (PERIODICAL ARTICLE) Prandium Ex-CEO Gets Golden Parachute Former Prandium chief executive Kevin Relyea is receiving a severance package that includes $250,000 a year, over three ... (PERIODICAL ARTICLE) Severance package waiving FMLA claims upheld in U.S. District Court in Penn. An employee's release of past Family and Medical Leave Act claims is not void when made in exchange ... (PERIODICAL ARTICLE) Employer can't enforce waiver provision in severance package Employees who lost their jobs at IBM as part of a reduction in force could sue the company ... (PERIODICAL ARTICLE)
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Definitions for: severance pay

Dictionary of Finance and Investment Terms

severance pay

money paid to an employee who has been laid off by an employer. The money may be paid in the form of a lump sum, as an annuity, or in the form of paychecks for a specified period of time. The size of the termination benefit is based on the length of service and job level of the employee, union contracts, and other factors. Also called termination benefit.