Mr. Sullivan, who worked at A.I.G. for 37 years and left his position in mid-June after two quarters of record losses, will receive severance of $15 million and a bonus of $4 million for the portion of the year he worked, according to a regulatory filing.
Another check was written to Mr. Kopper on Aug. 10, for $905,000, but that amount was part of a severance agreement, records show.
The company also said it recorded a $327 million charge for severance and other exit costs associated with its announcement in January to eliminate 8,000 jobs to help cut costs.
Also, in the first half of 2013, $19.6 million in "early retirement and severance expense" was recorded.
In January, Ms. Carey parted company with her former record label, Virgin Records, receiving a $28 million severance payment less than a year after she joined.
Verizon Communications, the largest U.S. telephone company, said on Tuesday it would record $3.7 billion in charges, primarily for severance payments and pension settlements.
Instead, he agreed to leave before the merger was completed, after securing a €16.5 million severance and pension package, a record for a caja chief.
C1 New Deal for Mariah Carey The singer, who received a $28 million severance payment from her former record label, Virgin Records, signed a multiyear contract with Universal Music Group said to be worth more than $20 million.
To lessen the likelihood of messy legal wrangling, build a record, follow company procedure, show compassion, pay severance when appropriate and always have at least two witnesses present at the closed-door meeting when you terminate an employee.
Also in its second-quarter results, Advanced Micro will record a restructuring charge of $32.0 million related to employee severance and $36.0 million in charges related to short-term investments.
