Originally posted by Asher
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Some New York Employment Law Firm's Blog
Severance pay is a misunderstood subject in New York and around the country. Companies are not legally required to pay a departing employee severance, but companies often do to make the transition smooth. Severance pay (or severance packages) is a custom that has developed. Employers are often willing to pay a departing employee severance pay to prevent law suits and the disruption of business. But there is no legal right to severance pay unless you have an employment contract that says you do.
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