This is a copy/paste from one of old threads... see below...
On the 60 Days Notice Question
Here is a collection of previous posts on this topic:
WARN requires 60 notice or 60 days pay in lieu of notice
Post Link: @CY1FLuD-2RUr
I am receiving the 60 days pay plus health insurance in lieu of notice.
Post Link: @BMpdmxF-41pU
If the company designates that severance benefits are made in lieu of WARN notice, then unemployment benefits may be delayed for up to 60 days.
Post Link: @EvjOYJr-sXo
File today. If you sign an agreement that severance was paid in lieu of notice, then benefits may be delayed 60 days. The April agreement did not say that severance was in lieu of notice and people collected beginning the first full week they were unemployed.
Post Link: @EvjOYJr-hJr
By law they're required to give employees 60 day notice of layoffs. By paying us 8 weeks, they get around this law. It's called pay in lieu of notice. It's not them being compassionate, it's just them avoided lawsuits.
Post Link: @DHPvAuK-Amt
They can give you a 60 day severance payment in lieu of the notice. That's why people get 8 week severance, in that case they do not want to file anything.
Post Link: @EgNNESF-5mk
60 day notice - Will there be a 60 day notice for laid off employees? Will the employee be paid for those 60 days in addition to the severance?
Post Link: @FxAOzPj