When your employment comes to an end, whether as a result of being fired, terminated or laid off, employees will typically be offered a payout from their now former employer.
The terms termination pay and severance pay are typically bandied about, being distinct legal terms that can create considerable confusion without differentiating between these two payments, what each represents and how they co-exist.
It is important to understand the differences between termination pay and severance pay, such that as a fired employee you might properly understand what payments you are receiving, your obligations in relation to those payments and where there might be an underpayment or non-payment by your former employer.
Understanding these differences is essential to appropriately pursuing each of termination pay in lieu of notice and severance pay at the end of one's job, should one's employment have come to an end as a result of being laid-off, fired or terminated.
Naturally, we are only scratching the surface in this video when it comes to dealing with losing one’s job, whether you are fired, terminated or laid off, with termination pay and severance pay only being two facets of what you might be owed from your former employer, with the confusion distracting far too many employees from what they should also be looking at. For more information visit our website [ Ссылка ]. If you have been fired, terminated or laid off, and are looking for knowledgeable legal counsel to address your personal situation, contact our law firm at Chris@NeufeldLegal.com or 403-400-4092.
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