More details to this question:
I was notified that my current position has been eliminated. I have been employed with the current company for 1.5 years of a fixed term 5 year contract. The contract is with an international company. I was offered a separation package equal to one month's salary. Should I accept this separation package?
1 ANSWER
Sharon Adams
Hello.
If your contract had a definite term of five (5) years, you may have a breach of contract claim against the company. It depends on whether your termination (as described in your question) was contemplated by the agreement. In other words, does the contract allow termination under these circumstances, without penalty to the company? I would need to read the agreement. One month's salary doesn't seem like much and if you have a claim against the company, you could possibly negotiate a more generous package. Does the contract contemplate a severance package for early termination of the agreement?
Answered on May 06th, 2015 at 7:51 AM