Q: With a lump sum severance payment, can it be offset if I find new employment within a certain time frame?
My employment was terminated effective immediately (7/1/24). I was offered a severance package with a one time lump sum payment. It states in there though that "payment will be offset by the gross income earned by you from employment or self-employment during the time in which the payment is paid". Does this mean if I find a new job within a certain time frame I will have to pay back some of the severance pay?
A: Possibly. It sounds like they certainly have the right to do so. Will they is another question.
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