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Business & Marketing
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English (U.S.)
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Learning Activity: Creating a Severance Package Business Essay

Other (Not Listed) Instructions:

Completing this activity will help you prepare for the upcoming assignment in Week 7. Think of it as practice for the assignment. As such, focus on content, not formatting. Your paper should be no more than 1 to 2 pages in length.
For this activity:
Create a severance package for a separated employee in a fictitious company.
At a minimum, include:
Position differences.
Years of service.
Actual compensation amounts.
Any additional benefits that you want to add.
Determine whether severance pay is taxable.
Create a chart that depicts the timeline of the disbursement of the compensation.
Use Microsoft Word or an equivalent application, such as OpenOffice.
Use at least one quality academic resource in this activity. Consider beginning with your course textbook and quality sources that can be found in the Strayer Library.
Note: Wikipedia and other websites do not qualify as academic resources.

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SUNTOP ENTERPRISE SEVERANCE PACKAGE AGREEMENT
Student’s Name
Institutional Affiliation
Course
Instructor’s Name
Date of Submission
This document is a severance package agreement between JAMES GORDON (Employee) and SUNTOP ENTERPRISE (Employer) effective from 13TH March 2014. The Employee has been employed from 23rd February 2009 to 8th March 2014. Both parties have consented to the termination of their employer/employee relationship, which will be in effect from 8th March 2014. Both parties wish to settle any actual or probable disputes and differences in their employment relationship by voluntarily agreeing to the terms listed below.
1 The employer (SUNTOP ENTERPRISE) is required to pay the Employee (JAMES GORDON) a compensation sum of $2,500 – that will not be liable to taxation due to terminating the employment. The amount is to be disbursed in three batches of equal amounts, with each of them being disbursed monthly.
2 The Employee is entitled to the insurance coverage from the employer until the expiration of their employment contract.
3 The Employee has consented that he will not criticize the employer or its officers, affiliates, or stakeholders in any verbal or written manner.
4 The Employee's severanc...
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