Common use of Basic Severance Clause in Contracts

Basic Severance. If you do not elect the Additional Severance Benefits, you are eligible for an automatic two-week severance period (two weeks of your base salary), less applicable deductions, paid in accordance with the next-scheduled payroll cycle following the Separation Date.

Appears in 2 contracts

Sources: Severance Benefit Agreement (Avon Products Inc), Severance Benefit Letter Agreement and General Release of Claims (Avon Products Inc)