If an employee is terminated for a reason other than willful misconduct or resigns and gives the company a minimum of two weeks notice (or three weeks for office staff) they will be entitled to receive up to a maximum of ten days (10 days or one pay cycle) of compensation as severance pay.
In cases where an employee gives notice to resign, the employee may not use vacation during their resignation period. If vacation is used during the resignation period, the used amount will be deducted from the Severance leave amount.
This severance compensation will be either included in your last paycheck or paid with the following weeks Company payroll at the Company’s discretion.
Commentary (if any):
WARNING: Do NOT simply adopt a policy or add it to your handbook or manual without consulting with a qualified HR professional or employment lawyer. A sample policy may not be proper or even lawful in your particular situation. You’ve been warned.