Severance Pay

severance pay  Like bonuses, severance pay can be contingent on tenure, position, or performance and is subject to taxes US companies can withhold severance For example, if an employee received a severance payment of 450 000 baht, the first 300 000 baht will be exempted from tax payment and the remaining 150 000

Severance pay If a worker enters into a settlement agreement with their employer, they may receive a severance payment in addition to their severance pay of not less than the prescribed rates of severance pay In the event that the employer terminates the employment of an employee as a

Statutory Cause · Statutory Payment · Wage · Payment in lieu of advance notice · Severance pay · Payment for unused annual leave · Compensation for Severance pay is any compensation that your employer gives you when your employment there ends, beyond what you're owed in remaining paychecks or unused time