Severance Thailand Law Library

severance pay  Severance pay is typically calculated by multiplying the employee's weekly salary by the number of weeks of severance pay the employee is entitled to For Severance Pay in South Korea is a payment made to employees who have been terminated or have left the company, typically after a minimum period of service

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 Any employer who closes or engages in a mass layoff at a covered establishment is liable to eligible employees of the covered establishment for severance pay at

Severance pay is a form of compensation paid to an employee on the early and unwilling termination of their contract It applies when an Favorable severance agreements offer one month's worth of salary for every year of tenure with the company; while more frugal packages provide