The news will come Ffiday or Monday based on events that may or may not occur in the next ninety (90) days, your separation is definite.
Based on events that may or may not occur in the next ninety (90) days, your separation may become subject to the federal Worker Adjustment and Retraining Notification (“WARN”) Act. As a courtesy, the Company is providing you the enclosed “Notice to Employees” which would satisfy the notification requirements if your separation becomes covered by WARN.
For you, this will mean that your official termination date will now be sixty (60) days after your receipt of this letter and the attached Notice. We are sending this on …. to the personal e-mail address you provided the Company, making your termination date …..
You have not been required to perform any duties after (termination date). However, you will continue to receive your base pay and benefits, including PTO accrual, through your termination date. You will receive your on-going pay on the Company’s regular payroll schedule. Any accrued but unused PTO will be paid to you on the next regular payday following your termination date. After your termination date, you will also receive information about your rights to elect continuation coverage under the group health plan pursuant to COBRA. If you accept the Company’s offer under the Severance Program, on the next regular payroll date following your termination date, you will also receive the balance of your severance benefits in lump sum pursuant to the terms of the Severance Program. That lump sum severance payment and COBRA Supplement under the Severance Program will be reduced by the WARN Pay and Benefits you have already received…
The Severance Packet that you received on September 2013 indicated that you had forty-five days to sign and return the necessary documents in order to receive Severance Benefits under the Severance Program. Because of the extension of your employment during this WARN notice period, your signed Severance Benefit Agreement, Waiver of Employment Agreement Payments and Benefits (if applicable) and General Release should now be signed, returned and received by the Company no later than three (3) business days after your termination date. If you have already signed and returned your documents, those documents will not be accepted by the Company. A new set for you to sign and return will be sent to you in a separate mailing. These documents must be signed, returned and received by the Company by the third (3rd) business day following your termination date; however, you cannot sign and return the documents earlier than your termination date.
After you return your signed documents, you will have seven (7) days to rescind your decision. If you exercise the right to rescind the Severance Benefit Agreement, Waiver of Employment Agreement Payments and Benefits, if applicable, and General Release, however, you will not receive any severance payment and/or benefits under the Severance Program.