Did this just change? So 18 or more years doesn’t pay any more. 2months or 8weeks base plus 18years hits 26week max. I wish I lived in Germany with that payout.
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US execs also have a max of 52 weeks of pay vs 26 for non-execs
US execs get 6 months + 1 week/year AND LTI vesting before March 16, 2025
@2url+1tWu1ZQs - things may have changed since COVID. if you received severance as a lump sum, you could qualify for unemployment immediately. If severance was paid out as "salary continuation" you had to wait until the payments were done. May have changed in the last 2-3 years.
Do you qualify for unemployment (in Texas) if you get the full 26 week's worth of severance? I assume it would only kick in after 26 weeks.
Announced last week in Spain. Additional benefits for those laid off. €12500 if you have children, up to €22500 age dependant, pension paid until end of year and 6 months of private health care amongst other benefits.
Close to retirement then need to get a job just for health insurance if you can and ride out the final days before pulling retirement $$ and SS .....
Them getting rid of LTI 90 day vest is bullsh-t
Non Competes are no longer valid in the USA per the recent legal rulings. However our Competitors are also cutting to the bone.
Non competes are rarely enforceable.
Can't go to competitor since you have a non-compete clause in your buried somewhere in your HR paperwork -which is standard practice for high tech-.
it makes your head spin. Health insurance was the biggest kick in the A$$, not even till the end of the month, just to your last Friday. Cobra is super expensive
Until June, it maxed out at 12 months not six months. The prorated LTI within 90 days of vesting is gone now too.
Did you expect more? It could be a swift kick in the a$$ and thanks for you contribution. Or lack of in some cases... So bank the check, get a job with a competitor ASAP and put it back to Chuck the man.... You're that great you should be able to make a least a ripple in the competitive pond...