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State of Colorado Department of Local Affairs Division of Local GovernmentForm DLG53 Revised 2006Statutory Property Tax Revenue Limitation The \” 5.5%\” Limit, 291301, C.R.S Tax Year 2019 (Budget

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Review the severance agreement carefully to understand the terms and conditions.

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Employees who are being terminated from their job and are entitled to severance pay.

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What is direct distribution - severance?

Direct distribution - severance is the process of distributing assets directly to recipients after the severance of a business relationship.

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The entity responsible for the severance and distribution of assets is required to file direct distribution - severance.

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The purpose of direct distribution - severance is to ensure that assets are properly distributed after a business relationship is severed, following legal and regulatory requirements.

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Information such as the value of assets being distributed, recipients' names and addresses, and the reason for severance must be reported on direct distribution - severance forms.

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