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Deposition Sciences Inc. - Difficult Coatings - LB - 8/23

Why didn't I get a pay-to-stay bonus?

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Q. Our company has filed under Chapter 11 with no financial backing. The company is being sold. Our accounts payable supervisor got another offer and put in her notice, but the company countered with a pay-to-stay package. She gets six months of severance pay with three months up front. I am very angry, since I was committed to working until the end after taking a 10 percent cut in pay with hopes of staying on with whoever buys us. How do I confront the CEO who offered her this package to get the same deal? Currently we have no severance package. A. Companies can offer employees...Read full article

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    Published: January 2007
    Chapter 11Employmentpay-to-staysupervisor

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