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Old 09-08-2011, 04:53 PM   #38
firebug
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Join Date: Aug 2002
Location: Mayor of McKenzie Towne
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Not a thread I ever wanted to bump, but here we are...

My firm will be closing their Calgary office at the end of the month.

They have provided me with three options:

1) Package
2) Change positions and work from home (from Corp Fi to Research)
3) Keep position but move to the Toronto office

I am mid 30's, been with the firm for 6 years (VP level since May 2008), and am married with three kids (7, 3 and 6 mos).

Option 1 is most appealing to me as the CEO and I get along well so they would (i hope) take reasonable care of me and provide a complimentary reference. That being said, being unemployed in this market is a risk so I would appreciate any advice on what types of things I should be looking for as part of a package.

Is 1 mos severance per year of employment still pretty typical?
Will the fact I don't receive a salary but rather a draw on future revenues impact what the company will be obliged to compensate - or can I claim an amount based upon average earnings over the past 6 or 3 years?
Is it possible to have my benefits extended to the end of the year or do group plans prevent this?
Will the fact they provided a couple of alternate positions reduce the amount of type of severance they should provide?
Should I be consulting a lawyer rather than trying to cop free advice on the internet?

Thanks in advance for any insight.
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