What is the package they are offering?
How may weeks per year if service? Do they carry you on payroll for a while? Any details?
5 replies (most recent on top)
It's 2 months on payroll, plus whatever bonus pays out in July, plus: 4 weeks severance (incl paid COBRA premiums) for 0-2 years of service and 1 week for every year after that -- 12 weeks max.
Severance cap was 12 weeks when I got it in 2014.
I dont think it is 2 weeks for every year. That would be good if it happens.
The break out I have seen in the past is :
63 days of pay.
Prorated bonus.
Unused vacation.
1 week for every 1 year at netapp.
In the past, it's been 60 days paid including medical, plus 2 weeks for each year, plus vacation, plus any RSUs that are close to maturity.
Good luck
I was going to quit a few weeks ago, but my boss unofficially told me to hang on and wait for the payout before I give my resignation. I hope it's good. Last couple of weeks I have collected two checks. #sorryNotSorry