Sentence examples for have severance from inspiring English sources

Her husband, meanwhile, was fortunate to have severance pay, and spent several months recovering from his own stress.

"The main reform that I would like to see is not have severance agreements that are soft landings for executives who did a poor job," Professor Kennedy said.

He said it is customary for college presidents to have severance provisions in their contract, typically for a year at an amount near their salary.

The sons have severance agreements that entitle them to 14 years of salary, bonuses, benefits and stock options if they quit because the board fails to choose one of them to succeed their father as chief executive.

Around the world, out of 183 countries for which data are available, 77 percent have severance pay and 42percentt unemployment insurance.

They said they felt they must explain that they had severance packages or savings to tide them over.

They can also approach the job-hunting game with the security of having severance packages in the bank.

Those who had severance packages that still cover their unemployment may not be immediately concerned about their credit card payments or health care coverage or losing their homes.

He noted that Michael R. Bonsignore of Honeywell and Richard A. McGinn of Lucent Technologies had severance agreements in the $10 million to $15 million range, and on Tuesday, Kenneth L. Lay of Enron waived his contractual right to $60 million.

Mr. Anderson was laid off and had severance pay until the following January.

Mr. O'Neal does not have a severance contract, but the board's compensation committee could grant him severance.