If the company I worked for was bought out, what are my rights to severance?

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If the company I worked for was bought out, what are my rights to severance?

The buying company is closing stores and putting the employees on administrative leave for their 60 day layoff notice. Can I get another job and still collect the administrative leave/severance or would that be fraud?

Asked on October 2, 2012 under Employment Labor Law, Arkansas

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

Yes, you could get another job and  still collect the administrative leave so long as:

1) any severance or similar agreement with the current employer does not bar you from doing this--if you sign any agreement which contains such restrictions, they are enforceable; or

2) you don't lie to the new employer--so if you have any restrictions which could affect your work with the new employer (e.g. the old employer has the right to call you into work during the leave period), you disclose them.


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