1. Summary of Rights and Obligations under COBRA
2. Termination Letter (General)
3. Checklist for Termination Action
4. Employment Termination Agreement
5. Consent to Release of Employment Information and Release
6. Exit Interview
New Hampshire Employment or Job Termination Package
Category:
State:
New Hampshire
Control #:
NH-P026-PKG
Format:
Word;
Rich Text
Instant download
Description
This Employee Termination package contains essential forms to help your company address the issues of turnover and retention, limit the risk of employment litigation, and build a better workplace. The following forms are included:
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FAQ
New Hampshire is an employment-at-will state. This means that an employer or employee may generally terminate an employment relationship at any time and for any reason.
Understand the components of a severance package. Wait before signing paperwork. Read everything carefully. Get an expert opinion. Understand your priorities. Negotiate for more than money. Decide on a reasonable request. Leverage your success.
This is because all Canadian employees are entitled to common law severance, which provides a range of around two and half months' severance up to thirty-six months' severance depending on several factors.
The severance pay offered is typically one to two weeks for every year worked, but can be more.The general practice is to try to get four weeks of severance pay for each year worked. Middle managers and executives usually receive a higher amount. Some executives, for example, may receive pay for more than a year.
If severance pay does extend the employment relationship, however, unemployment benefits may not be available until the severance ends. For example, if you receive a lump sum amount of severance on your last day of work, you may apply for unemployment.
A severance package may include compensation or payments based on years of service, payment for unused vacation time or sick leave, insurance benefits, bonus payments, or stock options. There also may be an offer of assistance in finding a new job called outplacement services.
At ninety days of employment, the employer must either give one weeks' notice of termination or pay one weeks' wages as severance pay. At one year of service, the employee is entitled to two weeks' notice or pay. Each additional year of service adds an extra week or notice or pay up to a maximum of eight weeks.
Separation pay (including severance, vacation, holiday, sick, bonus, etc.), is disqualifying in New Hampshire. You can not be paid unemployment benefits for a week in which you received or expect to receive a week of separation pay.
The number of completed years of employment; and. the number of completed months of employment divided by 12 for a year that is not completed.