@ Stupida:

Looks like instead of "and within 10 days, if he didn't join another job, " there should have been, "if he didn't join another employer soon enough".

However the bottom-line was : If you got laid off and didn't join the other employer soon. TPS will protect it.

I have been thinking 10 days grace period for the H1b holders until now. I got confused on that "H1B 10 days grace period for the entry and exit".

Thanks for your valuable information.