My spouse has worked for me since 1996. I have sold my business and my spouse has signed a 3 year employment contact with purchasers at a $14,500 drop in annual salary. He is 62 and I have no other employees. Can I pay him a severance? If so, what is the optimum amount?

Hi. I am not sure I understand the question. You do not have the legal obligation to pay any severance in this case, because he accepted a position with the buyer. Despite this, if you still want to pay severance, then you can pay whatever you want. Please feel free to call me and discuss.
Lior Samfiru