Question:
I signed a severance package with a delayed date of termination and then I was terminated for cause.?
Dan
2015-01-05 15:07:56 UTC
I was informed that I would be laid off in 30 days. I and the company both signed a separation agreement with a severance package. In about 14 days I was involved with a case of company property being missing, nothing very valuable. I then found and returned the tools 10 days before my final separation date. On the agreed upon separation date, I was told that my separation was changed from reduction in force, to 'for cause'. I already have a signed copy of the agreement and it does not say in there anything about 'If you are terminated before this date'. I think this is because i was the first person to be part of a 'delayed separation' for the Co. Usually we let the employee go the same day, as was the case with the other 20+ employees that day. By the way this whole package is more than 30K dollars, I also have a copy of my exit interview with multiple signatures that all property was returned.
Five answers:
?
2015-01-05 15:09:46 UTC
You have been watching far too many movies. Severance packages don't actually work like that in real life.



Get a grown up to help you, the truth about severance packages is probably the biggest myth that Hollywood has perpetrated.
2015-01-05 15:12:27 UTC
You need to remail your 401k and then give them your social security number and possible identification if you've been wiped from their home branch.



Occasionally companies cancel severence packages to save money, you can sue for a few million and after the lawyers cut, you might have couple dollars to buy food with
Rosalie
2015-01-05 15:19:04 UTC
Go speak with a labor attorney.

There is more to this story than you have written here, and it will matter as to the outcome. DON'T post any more of it online, email it or text it to *anyone* - just go speak to a lawyer.
2015-01-05 15:10:35 UTC
Don't know the value of what YOU STOLE but you are lucky not to be in jail. You left under dubious conditions and that will over run the "agreement".
?
2015-01-05 15:09:37 UTC
Get a lawyer. Pronto.


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