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I'm a Q rep. - 5 yrs. on 8822 and now on 6581 (contract  just downsized 50% of saleforce) - There is NO severence for contract work. When it's over, its over and you are done and Cobra is available. End of story. They will tell you they will try to place you on another contract but you have NO advantage going into interviews with other outside reps. - fair game - best person wins.