Is it Better to Resign or Be Fired?

You get called into the bosses office and given a choice.  Quit, or be fired.  So which is the better choice?
This scenario is far more common than it should be, but the right answer isn't universal.  As with so many employment situations, it depends.
Why are you being separated? If you've had multiple conversations with your manager about your performance, termination could be the next step.  Is the company you work for being bought out, or going bankrupt, or undergoing major management changes?  
Before you make the decision to resign or wait until you get fired, know these things:

• Do you have an employment contract?
• Would you be eligible for rehire?
• Will you be eligible for unemployment compensation?
• Is there a severance package if you are terminated?

If you have decided to wait until you are fired, remember that you will be asked why you were terminated during your future job interviews. It's hard, but telling the truth is always the better route.
As always, my advice pertains to Texas and Federal law. Before making a personal decision, you must weigh the facts of your situation.
~ Krystal Yates