GET THE SEVERANCE PAY YOU DESERVE
If you have been terminated from your employment and received a severance package from your employer, it is likely that your employer has offered you a package that represents less than your full legal entitlement.
You are entitled to severance pay if you have been terminated from your employment without cause, and often so, if you have been wrongfully terminated for just cause from your employment and not provided with any compensation.
WE FIGHT TO MAXIMIZE YOUR SEVERANCE PAY
How much severance pay are you entitled to? Well, there is no mathematical formula to calculate severance pay but Courts in Ontario have established a number of principles that guide the analysis of your severance pay entitlements. The key factors include your i) age, ii) length of service with the company; iii) amount of compensation; iv) specialization of work; and v) availability of similar employment.
The purpose of a severance package is to bridge the gap during a period of unemployment to provide the terminated employee with the compensation they would have earned had they remained employed throughout the reasonable notice period. Accordingly, an employees entitlement to severance pay includes all forms of compensation, including but not limited to:
- Employee Benefits;
- Incentive compensation or Bonus;
- Car allowance;
- Stock options.
WE HAVE REPRESENTED THOUSANDS OF EMPLOYEES IN SEVERANCE DISPUTES
If an employer has not made provision for all forms of compensation in your severance package, it would be deemed insufficient by a Court and you may have a case for wrongful dismissal damages. Generalist lawyers will not be attuned to the latest developments in employment law, and accordingly, may not understand your full entitlements. Even if you think that your severance package is fair and reasonable, it is best to have the package reviewed by our employment law firm, without any obligation or charge, to ensure your rights are fully protected.
Don’t Hesitate To Ask
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