Thread regarding Chesapeake Energy Corp. layoffs

Severance package

What does it look like compared to 2013? 2013 was 2 mos WARN pay, 1 month severance pay, fully vested CHK stock shares. Was it the same this time around?

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| 2482 views | | 6 replies (last September 29, 2015) | Reply
Post ID: @OP+DIpWyXp

6 replies (most recent on top)

It varies. Based on age, time at chk, and salary. 13 weeks base. A week for each 10k slary. A week per year. Something if you're over 40.

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Post ID: @nA1+DIpWyXp

How many months was it if not 6?

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Post ID: @WMX+DIpWyXp

It's not 6 months.

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Post ID: @OU3+DIpWyXp

6 months??? WOW. Watch out if the 6 months is all paid in the year 2015. Uncle Sam will win the lottery!!!

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Post ID: @fAU+DIpWyXp

wtf 6 months? They gave me 2 weeks and they found out I had been running a DVD burning movie "operation" from their server room in B8 so are saying I owe THEM money!!! This guys are crooks!

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Post ID: @4Or+DIpWyXp

2 months warn, 6 months severance....no stock

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Post ID: @Wvc+DIpWyXp

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