Severance Packages ON
Hi everyone.
I work for an American software company with a small office in Ontario. The company is very profitable and has about 1500 employees WW but in ON only 10 or so.
I'm a Sr Account Manager, in my late 40s, and have been working for this company for 14 years. My salary is comprised by a base salary + commissions (25% base, 75% commissions approx - last 3 years)
I'm covering 2 territories, Canada and LatAm and the solutions we sell are very sophisticated (enterprise solutions for IBM specific platforms - e.g. mainframes).
Due to some restructuring, the situation at this company is changing very quickly and a lot of colleagues were let go lately.
I'd like to understand based on these facts, how much I would be entitled to, in case my job is terminated without cause.
I have the impression I may be entilted to one month every one year of service... but a month of what? base salary or base + average commission?
Any information you can provide or share will be greatly appreciated.
Thanks.
I work for an American software company with a small office in Ontario. The company is very profitable and has about 1500 employees WW but in ON only 10 or so.
I'm a Sr Account Manager, in my late 40s, and have been working for this company for 14 years. My salary is comprised by a base salary + commissions (25% base, 75% commissions approx - last 3 years)
I'm covering 2 territories, Canada and LatAm and the solutions we sell are very sophisticated (enterprise solutions for IBM specific platforms - e.g. mainframes).
Due to some restructuring, the situation at this company is changing very quickly and a lot of colleagues were let go lately.
I'd like to understand based on these facts, how much I would be entitled to, in case my job is terminated without cause.
I have the impression I may be entilted to one month every one year of service... but a month of what? base salary or base + average commission?
Any information you can provide or share will be greatly appreciated.
Thanks.
Last edited by sonnyRoll on Jan 31st, 2018 5:39 pm, edited 1 time in total.