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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Wrongful Termination in Indiana For example, Indiana employees cannot be fired for observing jury duty, or for exercising a protected right. They also cannot be fired for refusing to perform a criminal or illegal act, such as refusing to operate a company vehicle with a load that exceeds a particular weight limit.
How to Deliver the Severance Agreement to Outgoing Staff Step One: Provide Time For Consideration.Step Two: Provide a List of Competitors for the Non-Compete Agreement.Step Three: The Release of Waiver.Step Four: Understand the Special Rules.
Severance packages can include many things, such as severance pay, paid time off, benefits, or stock options. They are meant to support employees while they find a new job.
Thankfully, Indiana is like most states in that it has laws in place that help protect workers' rights. Wrongful termination laws help offer clarity as to what constitutes wrongful termination and what is justifiable cause for ending an employment agreement.
A severance package is a payment by an employer to an employee at the time of the employee's termination. It is usually given in exchange for a written promise from the employee that they will not file a lawsuit against the employer.?1 This written promise is usually called a severance agreement.?2.
The agreement should include specific information about all terms of your separation including: The effective date of your termination.The amount of severance pay or salary continuation.Tax withholding.Bonus pay.Eligibility for unemployment insurance.Insurance continuation.Pension.
A good rule of thumb is to request 4 weeks of severance pay for each year worked. However, other benefits, like continued health insurance, may be more important to you. So, keep in mind that severance payments are not the only component of a severance package you can negotiate.
A severance package is a bundle of pay and benefits offered to an employee upon being laid off from a company. The receipt of a severance package is contingent upon signing a severance agreement.
Indiana labor laws do not require employers to provide employees with severance pay. If an employer chooses to provide severance benefits, it must comply with the terms of its established policy or employment contract.
You cannot be fired for any of the following: Discrimination against your race, color, sex, religion, national origin, age or disability. Retaliation for ?blowing the whistle? on illegal activity. Making a report of illegal discrimination or harassment.
