A little more info:
2 weeks severance per year of employment.
Here’s what purports to be the clause in question:
“For a period of two (2) years following the end of my employment with SunTrust, I agree to provide assistance and to make myself reasonably available to SunTrust regarding matters in which I have been involved in the course my employment with SunTrust and/or about which I have knowledge as a result of my employment with SunTrust. It is understood and agreed that such assistance, to the extent possible, will be requested at such times and in such a manner so as to not unreasonably interfere with my subsequent employment. Such assistance may include, but is not limited to, telephone or in-person meetings with SunTrust employees, attorneys and/or accountants, or the provision of truthful testimony by way of deposition, hearing, trial, interview, subpoena response or affidavit. SunTrust will be responsible for any reasonable and necessary expenses incurred by me and approved by SunTrust in connection with such services. I understand that I will not be entitled to any additional consideration or compensation of any kind from SunTrust in exchange for such assistance.”
2 weeks severance per year of employment.
Complete crap.
And train the newbies.
And probably there is another document that bumps the severance slightly if the employee agrees not to sue. I’ve seen lots of severance packages over the years, but I’ve never seen one that requires this level of uncompensated commitment from a staff level employee.
I’ve have a checking account with SunTrust (originally with one of its acquired banks) for 39 years. I am tempted to move banks, but are there any banks that don’t offshore work? It needs to be public information how many jobs are offshored.
Sign it. Get the money. Then ignore. Press 3 for American.