Severance Pay Spelman provides severance pay to eligible employees whose employment is terminated for reasons that are not prejudicial to Spelman (non-performance related, layoff due to lack of work, reorganization, etc.) as determined by Spelman at its sole discretion. Severance pay will be provided to the following eligible employee classifications: ü Regular - non academic full-time employees Specifically excluded from benefits under this policy are employees who: were hired as temporary employees for a specified period of time or were offered but refused to accept another suitable position with the College. The schedule of payment is as follows: Years of Service Payment Amount 0 - 1 year no payment 1 - 5 years one (1) month’s salary 6 - 10 years three (3) month’s salary 11 years or more 6 month's salary The decision to issue severance pay is subject to the College's financial status. The severance pay schedule may be modified, at the President's discretion, at any time. Policy No.  407  Effective Date:  9/1/2000  Revision Date:  6/1/2002