If you qualify for this option, the process is similar to a normal real estate sales transaction. You will work with a real estate agent to market and sell your home. However, your mortgage company will also be working with you and your real estate agent every step of the way to:
Severance pay is a matter of agreement between an employer and an employee. The amount and type of compensation in an given severance agreement will vary according to specific circumstances, but the amount of severance pay is usually based on a number of factors, including:
You are entitled to severance pay upon resignation if: 1  you have ten or more years continuous employment; 2  you give two months notice of termination (or any shorter period as the Employer may agree); and. 3  if the termination is for reasons other than lay-off, abandonment of position, rejection on probation or dismissal. Separation Assistance-you shall receive severance pay of two weeks pay per year for the first ten complete years of continuous employment and three weeks pay for each succeeding complete year of continuous employment.