Sentence examples for Financial severance from inspiring English sources

Staff who prefer not to take up the training package, will be offered a second option – a financial severance payment representing 18 months salary.

The two-day strike centres on proposed reforms to the civil service compensation scheme (CSCS), which sets the financial severance meted out to civil servants in the event of redundancy.

He was also sued by his chief financial officer for severance pay, and settled for $7,000.

As in our sample, however, these wages are positively correlated with financial variables like severance payments and savings.

In the late years of the go-go 1990s, several financial chief executives raised eyebrows for taking away huge severance packages after driving their companies into the ground on risky strategies.

A Chapter 7 resolution could authorize further financial sanctions and the severance of diplomatic relations with Syria.

Laid-off financial workers typically get large severance packages, including the use of outplacement services.

The financial details of Mr. Nasser's severance package were not disclosed and may not become known until the company files its proxy statement in the spring.

Layoffs on Wall Street tend to have less of an immediate effect on unemployment statistics because financial companies often hand out severance that tides people over for weeks or months, delaying their need to seek unemployment benefits, analysts said.

"Any associate who is involved in training opted in, and receives a financial incentive over and above severance benefits," a Rexnord spokeswoman said in an email, adding that the training was not part of the formal shutdown agreement with the union.

Directors at Tyco International forced Mark H. Swartz, its former chief financial officer, to forfeit $91 million in severance pay this summer, for example.