Texas Payday Rules
Rule 821.25(b):
"For purposes of §61.001(7)(B) of the Act, severance pay is payment by an employer to an employee beyond the employee's wages on termination of employment, based on the employee's prior service. Severance pay does not include payments for liquidated damages, payments in exchange for a release of claims, or payments made because of a lack of notice of separation."
"Severance pay does not include payments for...in exchange for a release of claims"
Chevron requires that a Settlement Agreement and General Release be signed to receive the lump sum. This is a release of claims to sue Chevron. Based on the Texas Payday Rule 821.25(b) stated above, the lump sum received from Chevron is not severance and should not disqualify or make anyone ineligible to receive Unemployment Benefits.