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Joseph, Lawyer
Category: California Employment Law
Satisfied Customers: 5299
Experience:  Extensive experience representing employees and management
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What is the proper severance to pay a President of a corporation

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What is the proper severance to pay a President of a corporation after 8 years of employment
Hello and welcome to JustAnswer.

How much does the President of the corporation receive in salary?

Is he being discharged 'for cause' or is it due to no fault of his own that he is being terminated?
Customer: replied 4 years ago.

No Fault

Unfortunately, since severance isn't required by any employer, the amount of severance given to an employee varies depending on the company and the rights that the employee would be giving up (and whether he or she would have a viable cause of action).

That said, considering the length of service and the role as President, it would be reasonable for the President to request six months of severance pay. Although most employers typically only offer employees 3 months of severance at most.

Again, this would depend on whether the President may have a cause of action against the employer for discrimination due to a protected characteristic or any other cause of action.
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