Add Comment Question: What is a fair value compensation for termination of employment after having worked for a private engineering company for 41 years? Is something like a week's salary for each year worked or a week for each 2 years worked, I have no idea what is fair. And it is fair to also consider extended health benefits for a period of time after the termination? Answer: Hi. You would be owed no less than 24 months (not weeks) of severance. This means that your salary would have to be paid and your benefit coverage would have to be continued for the 24 months. If there are any other components to your compensation (for example bonus, car allowance, pension, etc) then those would have to be continued as well. If you have been let go, it is extremely important that you call me to discuss. 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.