NEXT STEPS
The company has terminated your employment. What do you do next?
FIRST STEP
Contact an Employment Lawyer to set up a consultation
SECOND STEP
Organize your documents to bring to the Employment Lawyer:
Severance Package, T4 for most recent taxation year, your most recent Notice of Assessment, benefits booklet, most recent pension statement (if you are part of a Defined Benefit Pension Plan), Stock Option Agreement (if you have it), your gross bonus/commission amounts for the last three (3) years, disciplinary letters for the last 12 months, and Performance Improvement Plans for the last 12 months (if any).
THIRD STEP
Review your benefits booklet:
Review your benefits booklet in order to familiarize yourself with what benefits you will possibly need to get in place
for the short term. Identify extraordinary insurance benefit costs that you have. Identify whether your insurance benefit coverage through your employment includes short term disability benefits, long term disability benefits, critical illness benefits, out of country travel benefits and life insurance benefits?
FOURTH STEP
Identify what personal insurance you have in place for critical illness, disability, out of country travel, and life insurance?
FIFTH STEP
Meet with the employment lawyer which should take place within 2 to 4 days of receiving the termination letter.