Lilly’s severance pay plan is an employee benefits plan that pays benefits out of the company’s general assets and is governed by ERISA, according to the court. The plan expressly states that an ...

Discover what a severance package is, its benefits for laid-off employees, and tips on negotiating terms to ensure financial transition security.

Hearing the words, "you're being laid off," can bring on one of the worst feelings in the world. After all, if you're like most people, you probably count on your job to provide you with a paycheck, ...