More details to this question:
I just recently been laid off from my job. They offered me a severance package, but I was informed that I couldn't receive the full amount because of a new law that states I can only receive half of it if I accept it all at once. Is this true?
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Companies are under no obligation to offer you any severance. As such, they can put any limitation on the severance that they want. However, to your specific question, I am not aware of any law that limits severance (assuming that it is truly severance.)
Answered on Dec 09th, 2014 at 12:07 PM
I am an experienced attorney focusing on employment law in North Carolina and Tennessee. This post/response is not meant to constitute legal advice.