Add Comment Question: If we sell our business and the new owners hire our employees with same pay and benefits do we have to pay termination pay? Answer: If the new owners offer the employees a job and the employees accept, then you do not owe termination pay or severance pay. If an employee chooses not to accept, you would owe that employee their minimum termination and severance. Your Comment * Your Email * Your Name * Your City Note, your name, city and email is not displayed on the website. It is used to notify you that we have approved your comment.