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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 you are terminated, you want to be able to negotiate a reasonable severance package, especially if you have an existing employment agreement.And your ability to get additional severance pay or benefits will depend on any negotiating leverage and potential claims against the company you may have.

Consider what other employees have received as a severance and consider how long you may be looking for other employment. Remember that you can negotiate benefits such as continued health insurance and assistance finding a new job in addition to severance payments.

In short, the company cannot cut off severance payments or demand repayment of benefits because an employee filed suit challenging the validity of the waiver under the Age Discrimination in Employment Act (ADEA) and the Older Workers Benefit Protection Act protects.

Employers can cancel or change their severance policies unless you and your employer have a written or oral employment contract stating that you will be paid a specific amount for your severance.

Court Says Employee Who Signed Severance Agreement Can Still Sue2026and Keep the Money. A federal appeals court just ruled that an employee who received severance pay for signing a separation agreement can still keep the money even though she is now suing the employer for the same claims that she released in the agreement

Employers can cancel or change their severance policies unless you and your employer have a written or oral employment contract stating that you will be paid a specific amount for your severance.