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I am a National Sales Manager in Canada for a US company and have grown their business over 12 years. I am now 67, business is down 80% due to the 71 cent dollar. I have over 20 years in the hardware industry.
I am paid in Canadian dollars through ADP Canada and am the only employee in Canada for a company of 300. I am 80% salary and 20% commission
They will likely consider severance due to declining sales. What are my severance rights and are they enforceable on a US company with no Canadian assets?
Happen Member 768 circa 1992
Hi Bill,
Your severance rights are enforceable against the U.S. company. The amount of severance will depend on various factors which include your age, tenure, position (as you indicated above). Rather than getting into hypotheticals, I would recommend we wait to see if you are actually terminated and offered a separation package.
Your severance rights are enforceable against the U.S. company. The amount of severance will depend on various factors which include your age, tenure, position (as you indicated above). Rather than getting into hypotheticals, I would recommend we wait to see if you are actually terminated and offered a separation package.