The cash was part
of a severance package from health - care - union giant SEIU 1199, for whom Gaspard previously worked as political director.
Not exact matches
These
severance packages were material expenditures
of Company funds that were not in the best interests
of the Company and instead were to protect you
from personal liability for misconduct.
Standard
severance packages range
from 1 - 3 weeks per year you've worked plus 2 - 3 months
of base salary according to the WARN Act for employees at larger companies.
As well as being one
of the spads given an enhanced
severance package, he saw his salary jump
from less than # 58,200 in 2014 to # 72,000 in 2015 — an increase
of at least 24 per cent.
Andy thought he was only a few years
from retirement and the golf course when his newspaper gave a
severance package to him and 40 others in a desperate attempt to stay afloat in a world
of new media.
«I had a bit
of money to play with
from my
severance package, but didn't want to stick it in my RRSP,» says Miller.
Moreover, a number
of the lawyers joining the administration will receive generous
severance packages from their previous employers, which will cushion the blow
of pay cuts.
Although employers who provide a
severance package are not automatically immune
from scrutiny, if appropriate notice is provided and there is no other reason that the dismissal is unlawful, there is no violation
of the Code.
Executive contracts are often far more lengthy as the agreements reached can cover everything
from compensation, moving expenses, and signing bonuses to millions
of dollars in
severance packages.
If you know that Bob
from accounting got a
severance package that included two weeks» pay for every year
of service, you can press for the same deal.
Healthcare service providers
of all sizes can benefit
from providing outsource services to their employees as part
of a
severance package.
Job search today is a new experience for many,
from the twenty - something 2013 grads looking to land their first full time job, to the mid-career professional whose job was outsourced a few months ago, to the VP level professional who just got caught in a corporate downsizing and was given a
severance package replete with a boilerplate resume, generic advice on looking for a job and a desk and use
of the phone for 120 days in the outplacement company's office.