Severance Payment Due Date Clause Samples

The Severance Payment Due Date clause establishes the specific deadline by which an employer must pay severance to a departing employee. Typically, this clause outlines whether the payment is due immediately upon termination, within a set number of days, or on the next regular payroll date. By clearly defining the timing of severance payments, the clause ensures both parties understand their obligations and helps prevent disputes or delays regarding final compensation.