Haven’t been laid off (yet), but is a severance package given in the event of lay offs due to a recession?

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Severance is normally 2 weeks salary for the first year worked + unused vacation days + 1 week per additional years worked.

However, for those with “unlimited” vacation days, your payout is 2 weeks salary for the first year worked + 1 week per additional years worked.

Either way, it’s nothing compared to what brand side awards.

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What does brand side award?

At an agency holding company generally yes. Its often pretty paltry though. Think one week per year of service.

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It's not required, but it's industry standard.

Yes, it should be given and mostly is given.

Most of the time. It really just depends.

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