Sentences with phrase «payment of the severance package»

When one of the co-founders arrived to break the news at the company's office in Pune, a city near Mumbai, he was taken hostage by angry employees who demanded immediate payment of severance packages, technology news site MediaNama reported.

He said the state governor, Mr. Ayodele Fayose, gave the order for the immediate payment of the severance package to the affected officers during a meeting he held with them on Monday.

Not exact matches

Gelsinger won't share specifics on the packages offered to the workers who were let go, but a VMware spokesperson says that their severance included an undisclosed period of full pay and benefits, a lump sum payment based on years of employment, and outplacement services.

Cuomo's claims that, in addition to the $ 9 million severance package that unconditionally guarantees the payment of one year's gross pay for every year of service, approximately $ 80,000 in restaurant bills for 650 separate meals was paid by Soundview for Espada or his supporters.

HVC argued, based upon the testimony of Mr. Aubrey and Mr. Matthews (HVC's human resources representative), that human resources had merely promised a «severance» package — there was never an express promise any payment would be made on retirement.

Do not be the older, long - service employee who believes they are entitled to a generous severance package only to learn that the employment contract they signed years earlier only requires their employer to provide a fraction of the severance payment they would have been entitled to receive if they had not agreed to give up their right to reasonable notice.