An employee with a lot of accumulated may be able to deposit some or all of their severance on a pre-tax basis.

Source: https://www.moneysense.ca/columns/ask-a-planner/how-to-avoid-tax-on-severance-pay-in-canada/

Besse initially claimed she was wrongfully laid off and that her employer owed her $5,000 in unpaid wages and severance pay.

Source: https://www.itworldcanada.com/article/hashtag-trending-jan-16-class-action-filed-against-stability-ai-spy-software-reveals-time-theft-chinese-bank-offers-pfizer-vaccine/522125

But it’s unclear exactly why he received an additional $288,000 worth of severance pay.

Source: https://voiceofoc.org/2023/06/paying-for-silence-ocs-former-green-power-ceo-gets-nearly-four-times-severance-pay/

Cavarretta said that a severance agreement with the town forbid him from speaking further on the matter, though he did accuse the Stowe Reporter of “publishing the wrong facts” in previous reporting.

Source: https://vtdigger.org/2023/08/06/former-stowe-cop-forced-out-after-lying/

Coal severance tax receipts increased 35.2 percent to $7.7 million, the ninth time this year in which monthly collections have exceeded 30 percent.

Source: https://www.lanereport.com/164937/2023/05/road-and-general-funds-for-april-2023/

Coinbase said the move would result in new expenses of between $149 million and $163 million for the first quarter, most consisting of employee severance packages.

Source: https://www.ibtimes.com.au/tech-layoffs-coinbase-announces-new-round-firings-20-lose-jobs-1843503?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution

Craig Bacon, senior vice president of technical services for Simmons Foods, said those affected by the restaurant closure were offered severance.

Source: https://talkbusiness.net/2023/06/28-springs-closes-in-downtown-siloam-springs-simmons-foods-moving-in/?utm_source=rss&utm_medium=rss&utm_campaign=28-springs-closes-in-downtown-siloam-springs-simmons-foods-moving-in

Do not rely on the employer for advice about the severance package and treat information provided by the employer with a healthy dose of skepticism.

Source: https://chathamvoice.com/2023/08/26/column-what-to-do-when-offered-a-severance-package/

Ek also announced the affected employees would get five months of severance pay.

Source: https://qz.com/spotify-tech-layoffs-2023-follow-larger-pattern-1850020423

Employees are being provided with resources including a minimum of 13 weeks of pay, which combines a notice period and severance, according to the message.

Source: https://www.crn.com/news/security/okta-lays-off-5-percent-of-staff

Even the layoffs themselves will not make much in the way of savings for this year, since severance packages must be paid, though next year, €300,000 should be saved from the budget, Linder added.

Source: https://news.err.ee/1609005548/kohtla-jarve-city-government-to-lay-off-20-more-likely-to-follow

He also nixed a bill to provide one week of severance to laid-off grocery store workers for every year of work, noting that state law already provides myriad layoff protections.

Source: http://capoliticalreview.com/trending/newsoms-aspirations-temper-his-progressive-instincts/

He said that before asking workers to sign severance agreements waiving their ability to sue the company, Twitter must give them 'a succinct and plainly worded notice'.

Source: https://www.dailymail.co.uk/news/article-11641873/Twitter-workers-pursue-class-action-lawsuit-against-Elon-Musk-firing-without-notice.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

He said the terminal benefits would include severance allowance, additional notice and leave payment.

Source: http://www.times.co.sz/news/138744-1-762-textile-workers-to-be-retrenched.html

“Houses of assembly have nevertheless been further impoverishing their states, while enriching outgoing and former governors with outrageous severance and pension laws.

Source: https://www.blueprint.ng/as-18-govs-bow-out-nigerians-condemn-outrageous-pension-severance-packages/

However, a dismissed employee who is offered alternative employment but the offer is not made via their retrenching employer is still entitled to severance pay – even if they refuse the alternative employment opportunity.

Source: https://businesstech.co.za/news/business/664399/what-the-law-says-about-severance-pay-in-south-africa-2/

However, not all impacted employees received their severance agreements, being sent out by a third-party service provider called “CPT Group”.

Source: https://easternmirrornagaland.com/sacked-twitter-workers-didnt-get-severance-as-promised-even-as-musk-fires-more/

In addition to the $24.2 million he earned in his final year, he got a $20 million severance package.

Source: https://variety.com/lists/ceo-salaries-2022-bob-iger-tim-cook-david-zaslav/

In terms of severance, Sijbrandij said that all staff affected will receive pay through the “transition period,” plus a single payout equivalent to around four months base salary.

Source: https://techcrunch.com/2023/02/09/gitlab-to-reduce-workforce-by-7/

Jokingly, Caitlyn suggested that her parents could apply for a land severance to create a separate lot for her to purchase.

Source: https://macleans.ca/best-of/moving-in-canada-2023/