When you are fired, what usually happens? Do they pay severance, vacation payout, etc.?

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depends where you were fired from

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Depends what you were fired for. Typically there is a delineation between Company termination with and without Cause. Cause can generally be defined as embezzlement, gross misconduct, breach of contract, etc. in which case you wont get severance. For payments upon termination without Cause, i’d review your employment agreement, severance policy and/ or EE handbook.

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