Thread regarding Nike Inc. layoffs

Severance Entitlement vs Severance Amount

What are the differences between these two?

Severance entitlement is a number of weeks until officially terminated.
Severance amount is a number in dollars.

Do I get normal pay for the entitlement weeks then a payment for the severance amount after the entitlement weeks are up? Or is the severance amount how much I get paid over the course of the entitlement weeks divided over each pay period?

What about unused PTO? Is that rolled up in the severance amount?
Are my 401k contributions the same until officially terminated?
Will PSP will be payed out in August the same as everyone else?

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| 1552 views | | 3 replies (last June 11, 2025) | Reply
Post ID: @OP+1jxe30jfs

3 replies (most recent on top)

You will be paid normally through your notice period. Your 401k and match still apply. If you can afford It I’d max that out to squeeze as much as possible from the company.

Severance is after notice period in a lump sum. pto paid out at the same time but separate. You can collect unemployment after the notice period but not before

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Post ID: @at+1jxe30jfs

@a6 this is the way, @OP check the FAQ

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Post ID: @ab+1jxe30jfs

Wait for your paperwork and all will be clear. And ask questions next time. It’s allowed.

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Post ID: @a6+1jxe30jfs

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