Update performance-plans.md

johnciprian · Jan 5, 2023 · 415b542 · 415b542
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Showing 1 changed file with 1 addition and 1 deletion.
diff --git a/performance-plans.md b/performance-plans.md
@@ -22,7 +22,7 @@ When you come to the end of your PIP timeline, you and your manager will have a
 
 If your performance is _not_ where it should be, your manager will outline next steps. If they feel you’re putting forth good effort and could use more time to show improvement, they may extend the timeline of the PIP. If your manager feels your performance has not improved at all and you haven’t met the requirements outlined in your PIP, they may decide to terminate your employment with 37signals.
 
-If you are terminated, you’ll be offered a severance package that includes 2 weeks of pay for every 6 months of employment, with a max 6 months severance pay (for 6 years+ of employment). The package also includes health insurance for you and your dependents if you’ve been on our policies for the same time periods, compensation for unused vacation time, and compensation for unused sabbatical time if applicable (1 year look back). In return, you’ll be asked for a general release of liabilities and other standard employment termination terms. When you begin looking for work, your manager and the company may provide references, if desired.
+If you are terminated, you’ll be offered a severance package that includes 2 weeks of pay for every 6 months of employment, with a max 6 months severance pay (for 6 years+ of employment). The package also includes health insurance for you and your dependents if you’ve been on our policies for the same time periods, compensation for unused vacation time, and compensation for unused sabbatical time if applicable (1 year look back). Compensation for all pay categories is calculated using your hourly rate. In return, you’ll be asked for a general release of liabilities and other standard employment termination terms. When you begin looking for work, your manager and the company may provide references, if desired.
 
 ## What’s the most important detail missing from the above process?