Extension of Benefits Under Rule of 70 To be eligible to retire, you must be at least age 55 with 10 years of service or age 65. Years of service for the “Rule of 70” eligibility purposes, means total years of employment from date of hire to date of termination.
Eligibility for Retiree Health and Life Insurance Benefits Rule of 70: the employee's age plus years of continuous, full-time service equal 70 or more, and the employee is at least age 55, with at least ten years of continuous, full-time service.
It makes no difference how long you've been with a company so yes, it's legal to lay off any and everyone without severance. The exceptions: a union agreement requiring severance, a personal contract calling for a severance. This is usually only for executives and ``key'' people.
A 'termination for convenience' clause allows one party to a contract to terminate the contract without cause. although these clauses are increasingly being used to provide flexibility in contracts,they have been given little judicial consideration.
Legally acceptable examples of being fired without cause: A company that needs to downsize its workforce due to financial problems. Wanting to replace a current employee with a family member.
If you happen to be terminated without cause, it only means that your employer decided to let you go for any reason other than workplace misconduct. You probably did not do anything improper or immoral in the workplace, but there are other valid reasons for your termination, such as: Economic reasons.
Being fired without cause means an employer is letting an employee go, but not because of serious workplace misconduct. Conversely, being fired with cause means the employee committed a serious breach of conduct in their workplace, which led to their termination.
One way to answer is to offer a brief and factual description of the events that lead to the termination without pointing fingers or complaining. It is best to avoid blaming others as well. Indicate what went wrong and show that you have learnt from your mistakes and this won't happen again.