Law Practice
Nov. 22, 2003
Paying Severance Eases Termination Headaches
Employment Column - By Lin M. Meyer - With many firms experiencing layoffs due to work shortages, the question of whether to pay severance is ever present. Many firms simply feel it is the right thing to do, so if they can, they pay a nominal severance to staff whether let go as part of a layoff or for cause. In exchange, they require an acknowledgment of receipt of all wages and a release of claims.
By Lin M. Meyer
With many firms experiencing layoffs due to work shortages, the question of whether to pay severance is ever present. Many firms ...
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