I would get the severance if I signed and held the company harmless for any future action.
My unemployment was denied by UI (Florida) which stated I could not collect for the seven weeks due to severance.
I believe this is incorrect?
In most states this is correct. You have to wait until you are not being paid before you can file for unemployment.
In Florida, effective August 1, 2011, if your severance pay per week is equal to or greater than your weekly benefit amount, you are not entitled to benefits for that week.
There is no reduction in the amount of total UC benefits (credits) that can be paid on the claim. For example, if you were determined eligible for $6,325 of available benefits (credits), you will still be eligible for that same amount unless your benefit year expires before you exhaust that total.
Your unemployment is delayed due to the severance because it is considered wages. Also, if you already signed the severance agreement you may have a period of time to reconsider if you think you might have a legal basis to seek more as part of a settlement. If so, you should contact an attorney immediately.
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