So let's put this to rest. In the old days you would get one week of pay for every year of service up to 26 weeks. They changed all that years ago. Now you get one week for every year you have been with SHC up to a max. of 8 weeks. That means if you have been here for 10 years and you are considered full time you only get a max of 8 weeks pay.
If you are a salaried employee you get one week of pay for every year with the company with a max at 26 weeks. This is one reason that they changed alot of salaried managers to hourly a few years ago. Now they don't have to pay the max of 26 weeks just the max of 8 weeks.
Any corporate managers or higher ups are different because they usually sign a contract with all that in the contract. Others at corporate are just like regular employees.
As far as unemployement goes that is a state to state thing so you need to check with your state labor board or whoever.
But the severence and retirement can change at any time. There is no law that says they have to pay any severance, so keep alert.
Found this in another thread, it has everything in one place, and since people are always asking about severance, I figured a bump was in order. Thanks for the info, @OUMeEVw-1oal.