What’s Important To Know About Severance Pay, Sick Pay, and Vacation Pay After Termination?

What’s Important To Know About Severance Pay, Sick Pay, and Vacation Pay After Termination?

  •  It is not mandatory to provide an Employee with a Severance Package after Termination
  • Some internal policies may require the payout of Sick Time and Vacation Time
  • Employers should consider if there is any possibility for a Lawsuit upon the Employee’s Termination
  • Under these circumstances, a Severance Package can be viewed as an Insurance Policy

This informational video was provided by Allan E. Richardson, an experienced New Jersey Employment Lawyer.

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