Four Things to do Before and After You're Laid Off
Too Long; Didn't Read
Employers are required to pay you for the time you have already worked and for your notice period. Severance pay is contingent on signing a severance agreement that pays the employee in return for them waiving rights to sue. There is no legal requirement for a company to deliver more of its [stock] or option benefits than have already been paid out. If you are laid off and not offered severance or offered a tiny amount, simply ask for more. The clock immediately starts ticking on stock option purchases.