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Severance Pay

Navigation:  Home > Employment Law> Severance Pay

 

Unless your company policies specifically set out the terms of severance pay, no federal laws require your company to provide it. However, many companies will offer severance pay under employer custom, and you may be legally entitled to severance pay if you were promised it, if it is defined in your employment contract, if it is a well-established custom of your employer to offer it, or simply if you were promised it.

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