Pay for head office employeesThis is quoted from 11th report of the monitor from FTI website:
" Under the Transition Services Agreement, the Purchaser
agrees to provide two months base pay to certain head office
employees who are employed by the Vendor on the Closing
Date on the date that their services are no longer required or
the term of the Transition Services Agreement expires up to
a maximum of $370,000. "
Other employees being laid off get no severance or termination pay as company is under CCAA!!! but it seems HO employees are immune.