When an employee is terminated without cause after working at the company for a long time, they would be entitled to a large severance package under common law. The general formula is one month of pay in lieu of notice for one year of service at the company. However, there is a cap on that value, which is 24 months of pay. This means that if you worked in that company for 30 years or 40 years, the maximum amount you would be entitled to would still be 24 months, as opposed to 30 or 40 months of pay. However,…
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