Say I get a job offer in a few weeks, do I still get the severance?
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Helpful tip, health insurance is paid for on the first of the month and goes through the end of the month. COBRA would start on the 1st of the following month. So you last day should ideally be on the 1st of a month, so you get free healthcare for a month before you have to start paying for it.
(My last day was Nov 1, I'm starting my new gig Jan 3, so I only had to pay for one month of COBRA.)
That's easy. New internal job....no, you don't get the severance. But delay your new internal job start date and take a paid vacation (you usually get 1-2 months to search for an internal job).
External job....yes, you can take the severance immediately and leave the company. But I would delay your start date at the new company and let Cisco pay you for a few more weeks (same reason I mentioned for internal jobs.....let Cisco pay you for those 1-2 months. You earned it).
As @jbe+1kiMLSCO said, it depends on if it's an internal or external offer.
Some other things to be aware of. Once you are officially terminated, you can't be re-hired for 6-months as an employee without a lot of approvals at the VP? or higher? level. It's not likely to happen. I had a manager contact me 2 months after I was LR'd back in '11 asking me if I wanted to join his team, I needed to contact HR to see if I could give back my severance (prorated or otherwise) to get the 6-mo no-rehire block waived and HR wouldn't even consider it and it wasn't worth it to that manager to go to the effort to try to get approvals. He said he'd keep me in mind for the next opening and contacted me about 9-mo later. Given that he was one of the good managers at Cisco, I came back. Sucks that he died of cancer in '15 and I ended up under a different manager who ended up letting me go all over again.
If the job offer is external to Cisco, depending on the offer's start date, you may have to decide between quitting Cisco early and losing the severance package or asking the offering company to delay your start date until after Cisco puts you into that "non-working-yet-still-employed" status where you can double-dip employments.
I'm assuming that you've already been notified of the LR last Monday and you're no longer "working" for your manager and you're in that limbo state of still employed for 30-45 days. In that case, take the new offer, start working, and be prepared to return your badge and laptop and the signed termination paperwork on your last day of employment at Cisco. If you quit early, you waive the severance AFAIK.
Just signing the new contract or work as contract to hire while waiting for Cisco to let you go you are going to be LRed. That in the assumption that you did not get the email alredy
If you got that I do not see the problem, you must have the option to take the money and go as soon as you wish
If the new job offer is in Cisco then you don’t get it. If the job offer is external. You’re good to go.
no.you have to payback at pro rated rate