By
Lisa A. Lori
and Esq.
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• Notify the employee that the company regrets having to terminate employment because of current economic conditions.
• Inform the employee of his or her entitlement to COBRA benefits. Include an explanation of those benefits.
• Let the employee know he or she is eligible for severance benefits, if applicable. Include a proposed waiver or release for the employee to sign and return. Let him or her know the severance payment will be paid after the company’s receipt of the executed waiver or release.
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Lisa A. Lori
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