Employment or Job Termination Package - Ohio 2025

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Termination pay covers your minimum notice period, while severance pay is additional compensation for long-term employees.
Employers are not required to offer severance pay to most laid-off employees in most circumstances. If an employer chooses to, however, a common way to determine the amount of severance pay is two weeks of severance pay for each year of service. Some employers choose to put this in their employee handbook.
Severance pay is generally based on years of service. For example, your employer may offer one or two weeks of pay for each year you have been with the company. Other factors may include performance, the size of the company, your position and language in any existing company policy or employment contract.
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