As A high paid employee am I entitled to severance pay if I was terminated?
I worked for a private Metal Company as a Metal Buyer/Trader for 6 years earning approx $90K annually. I was terminated because the company is cutting back for financial reasons. Am I entitled to any severance?
1 answer | asked Sep 28, 2012 06:29 AM [EST] | applies to Florida
Answers (1)
Unfortunately, your level of pay or position within the company does not control entitlement to severance. Severance is owed generally when there is a contractual obligation to pay it. It can also be paid when a company seeks a release or waiver of rights. Hope this helps.
posted by Arthur Schofield | Sep 28, 2012 07:02 AM [EST]
posted by Arthur Schofield | Sep 28, 2012 07:02 AM [EST]
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