2007-10-19 09:05:12 · 15 answers · asked by Mc P 1 in Business & Finance ➔ Careers & Employment ➔ Law & Legal
Not unless you have some kind of a signed agreement that says they will only pay you the severance for a specific period of time or until you find another job. Which would be very strange to see in a signed agreement.
No. They can't.
2007-10-19 13:00:14 · answer #1 · answered by hr4me 7 · 1⤊ 0⤋
Severance is not covered by any State or Federal Law in the U.S.
The question would be answered in the "Severance Agreement".
If the "Severance Agreement" states that "severance pay will stop upon securing other employment then yes.
And it is totally at the Company's discretion as to whether to pay severance in one sum, or continue it out for the number of normal pay periods. The employee does not have a say in how it is paid.
2007-10-19 09:29:22 · answer #2 · answered by Squat1 5 · 0⤊ 0⤋
Severance pay is for leaving a job at the request of the company because a closure or downsizing but not of your choosing. Severance payment is an incentive to retire volentarily. If a company retracts this offer then they would legally be required by the state to pay unemployment until new employment is established.
2007-10-19 09:12:01 · answer #3 · answered by bumper55706 2 · 0⤊ 0⤋
No, severance is an agreement that they've given you to pay you for leaving. Don't tell the old company you got a job anyhow, it's none of their business!
2007-10-19 09:08:06 · answer #4 · answered by TK 2007 2 · 1⤊ 0⤋
Severance pay has nothing to do with a new job...it only concerns your old job. If they are willing to pay you severance TAKE IT...and take the new job too!
2007-10-19 09:07:59 · answer #5 · answered by lahockeyg 5 · 1⤊ 0⤋
Generally a severance is a payment to go away. It is not normally contingent upon staying unemployed. If you have a non-compete clause in your severance, they could hold it up if you take a job with a competitor.
2007-10-19 09:08:48 · answer #6 · answered by united9198 7 · 1⤊ 0⤋
There should be a set period of time for you that is agreed upon in the severance package terms and conditions. You would have to wait for that period of time to pass before accepting another position.
2007-10-19 09:08:43 · answer #7 · answered by Diane 2 · 0⤊ 0⤋
I saw this happen, they stopped paying someone his severance when they found out he was working somewhere else but I don't know if its legal or not.
2007-10-19 09:08:21 · answer #8 · answered by corazon_muy_dulce 4 · 0⤊ 0⤋
no, take the money and run. find out the last day they need you. Ask for lump sum. Take a few days vacation. Then start new job. Donot tell your old job anything.
2007-10-19 09:09:49 · answer #9 · answered by Ralph N 5 · 1⤊ 0⤋
Why would they stop paying are you supposed to sit around and not look for a job?
2007-10-19 09:08:28 · answer #10 · answered by NONAME 5 · 0⤊ 0⤋