Add Comment Question: My wife is 69 years old has her own booking keeping and managing company that she set up to work for a small financial loan company approx. 20+ years ago. She was hired with a contract at the inception of the company. That company over the years has gone under a number of different names but in it`s current structure since 2005. Her position is office manager/corporate secretary/signing officer/book keeper. Her current salary of the last couple of years is $36,000 which she was forced to accept because of poor economic shape of the firm. Prior to that she was earning $80,000 per year plus bonuses and stock options. Her situation at the moment is that they are verbally offering her $25,000 to leave but they have not sent her a termination letter. Her contract states that the company can terminate her with 30 days written notice with no mention of severance. She has not been paid for April or May. Is she entitled to severance and how should she deal with not being paid ? Looking forward to your reply. Sincerely yours, Glenn Answer: Given your wife's significant years of service to this company, she is likely entitled to much more than 25,000. In fact, based on her age, years of service, and position, she could be entitled to anywhere between 18 and 24 months' compensation. Please contact our firm as soon as possible so that we can assist your wife further. Your Comment * Your Email * Your Name * Your City Note, your name, city and email is not displayed on the website. It is used to notify you that we have approved your comment.