*

Log In
Create Account

Article:

10 Things To Know About Severance Packages

Financial Aspects to Consider

The money components of a package can include:

  • Severance pay based on terms of service
  • Commission, Bonus and deferred compensation payouts due
  • Rights under pension, profit sharing and 401(k) plan
  • Stock option statement and exercise schedules
  • Restricted stock and acceleration schedules
  • Loan Repayment terms
  • Unreimbursed business expenses*

* Note: Many employers expect expense sheets to be submitted and completed as part of the release process. Make sure you know when these are due to your employer.

 

  • Salary.com

    is always looking for talented writers. Think you have what it takes? Drop us an email at salarytalk [at] salary.com. Read more...