FACTOID # 11: Oklahoma has the highest rate of women in State or Federal correctional facilities.
 
 Home   Encyclopedia   Statistics   States A-Z   Flags   Maps   FAQ   About 
   
 
WHAT'S NEW
 

SEARCH ALL

FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:

 

 

(* = Graphable)

 

 


Encyclopedia > Severance pay

A severance package is pay and benefits an employee receives when they leave employment at a company. In addition to the employee's remaining regular pay, it may include some of the following: The examples and perspective in this article or section may not represent a worldwide view. ...

  • An additional payment based on years of service
  • Payment for unused vacation time or sick leave.
  • A payment in lieu of a required notice period.
  • Medical, dental or life insurance
  • Retirement (e.g., 401K) benefits
  • Stock options
  • Assistance in searching for new work, such as access to employment services or help in producing a résumé.

Severance packages are most typically offered for employees who are laid off or retire. Sometimes, they may be offered for people who resign, regardless of the circumstances; or are fired. Policies for severance packages are often found in a company's employee handbook, and in many countries are subject to strict government regulation. Vacation is a term used in English speaking North America to describe time away from work or school, a trip abroad, or simply a pleasure trip away from home. ... Sick Leave (or Sickness Pay or Sick Pay) is an employee benefit in the form of paid leave which can be taken during periods of sickness. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... The 401(k) plan is a type of retirement plan available in the United States. ... This article or section does not adequately cite its references or sources. ... This article or section does not cite its references or sources. ... Retirement is the point where a person stops employment. ... The examples and perspective in this article or section may not represent a worldwide view. ... An employee handbook (or employee manual) details guidelines, expectations and procedures of a business or company to its employees. ...


See also

A Compromise Agreements is a legal document created and signed by both employer and employee that can be used in redundancy and dismissal situations. ... This article or section does not cite its references or sources. ... It is proposed that this article be deleted, because of the following concern: Dictionary definition only, and is voluntary redundancy, does not need separate article If you can address this concern by improving, copyediting, sourcing, renaming or merging the page, please edit this page and do so. ...

External links

  • "Kaloi" at jobsearchtech.about.com

My Employment Lawyer's Severanc Agreement FAQs.*[1]


 
 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your comments

Want to know more?
Search encyclopedia, statistics and forums:

 


Press Releases |  Feeds | Contact
The Wikipedia article included on this page is licensed under the GFDL.
Images may be subject to relevant owners' copyright.
All other elements are (c) copyright NationMaster.com 2003-5. All Rights Reserved.
Usage implies agreement with terms, 1022, m