--00000000000047f76005f392d1a7 Content-Type: multipart/alternative; boundary="00000000000047f75f05f392d1a6" --00000000000047f75f05f392d1a6 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Tim Sr. After further review of the Severance Agreement, the amount of $40,869.48 should have been spread over 6 months that would equal 12 bi-weekly payments in the amount of $3,405.79. Tim Sr. you should have received a payment in the amount of $3,405.79 on 1/27/23 pay date. The subsequent payments of $3,405.79 would continue until the final payment on 6/29/23. We truly apologize for this error and to correct it we will ask you to deposit a personal check in the Montreal bank account for the net amount of $34,739.04. We will process a reversal in payroll to correct taxes and YTD figures and the correct payment in the gross amount of $3,405.79 less applicable taxes will be paid today 01/31/23. Irin, will send you a separate email regarding funding. Again, we apologize for the inconvenience and have added process improvements to avoid these types of errors moving forward. Regards, Germaine Daniels *Payroll Director *germaine.daniels@thekey.com Phone: 562-380-3662 TheKey.com [image: TheKey] On Tue, Jan 31, 2023 at 7:17 AM Shameema Cadersaibe wrote: > Thanks Germaine! > > Kind regards, > Shameema Cadersaibe > > > On Tue, Jan 31, 2023 at 7:13 AM Germaine Daniels germaine.daniels@thekey.com> wrote: > >> Hi Irin and Shameema, >> >> I will schedule some time today so we can further discuss. Tim Sr., peas= e >> bear with us until we sort this out. We will follow up with the next ste= ps >> as quickly as possible. >> >> Regards, >> >> On Tue, Jan 31, 2023 at 7:06 AM Irin Eva wrote: >> >>> Hi Shameema, >>> >>> Lump-sum payment means paid in one short total amts. It doesn't matter >>> its said lump-sum payment or totals . It's the same like total amts >>> and lump-sum payment. >>> >>> Thanks, >>> Irin >>> >>> On Tue, Jan 31, 2023 at 10:01 AM Shameema Cadersaibe >> shameema.cadersaibe@thekey.com> wrote: >>> >>>> Hi Irin, >>>> >>>> It is not a lump-sum payment which is why it is mentioned in his >>>> agreement that it will differ over 6 months. I have copied Timothy Tho= mas >>>> on this email for information. >>>> >>>> *@ Germaine* - Can we please set some time to discuss how we can fix >>>> this as we did not respect the agreement. We need payroll review proce= ss in >>>> place before submission >>>> >>>> Kind regards, >>>> Shameema Cadersaibe >>>> >>>> >>>> >>>> On Tue, Jan 31, 2023 at 6:45 AM Irin Eva wrote: >>>> >>>>> Good afternoon Shameema, >>>>> >>>>> As per his agreement his totals 6 months severance pay - $40,869.46 >>>>> (Gross) >>>>> >>>>> Employees must pay income tax on severance pay. >>>>> >>>>> How much tax will be deducted depends in part on how the employer pay= s >>>>> on severance pay. For example, it may pay less tax if an employee get= s a *salary >>>>> continuance* instead of as a* lump-sum payment (totals toget