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Terminations by Peter R. Garber

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Focus on What Is Going to Happen Next

Once all these matters have been addressed, focus this meeting on what is going to happen next for the individual. Review how company benefits will be affected by the termination such as delivery of final paycheck, benefit continuation, 401K savings accounts, pensions, vacation pay, bonuses, and stock options. Be aware that certain state or local laws can dictate the timing of any unpaid money that is owed to a terminated employee. You may need to have all funds available to the individual at the time of notification of the termination or within a certain period of time. Check with your Human Resource department if any such laws or regulations exist.

Confirm where the terminated employee would like any correspondence ...

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