Severance - Articles & Videos
Stuart has heard people say they’d rather bankrupt a company than pay a plaintiff the severance they’re seeking – but he usually takes this with a big grain of salt. However, in one Alberta case, this is exactly what the company tried.
How do you determine what someone is entitled to if they lose their job without cause? We refer to this as severance or termination pay. Like it or not, the entitlement is not based on a simple formula or an easy calculation in most cases.
Preparing a severance package should be approached strategically, with a proper understanding of the potential risks and options available.