If you have been with the company for 5 years, you will get your yearly salary and every year over 5 years add 60% per year. Mostly capped at around 1 million tops.
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If you get to keep insurance for 6 months that is really good. The Marathon folks lost theirs in a matter of days, and COBRA had not kicked in. That made for a lapse in insurance. Being laid off is no fun, but at least you get a chance to not worry about the health insurance. Most people will find something better, and it is just part of the industry. This is happening all over, but it is just a sign of the times.
From what I heard: 2 weeks for every year at the company with a minimum 3 months severance. Health and dental care coverage for 6 months.
Anyone? At least a ballpark?