Sentence examples for severance compensation from inspiring English sources

PNC did not admit or deny guilt and will not pay a fine, but it will need regulatory approval before engaging in some new activities, making new investments, adding new directors, hiring new senior executives and paying some severance compensation.

Hewing to the Dolans' insular ways, Cablevision executives are slow to grant media interviews, and even midlevel managers who quit must promise to forgo discussing the company or the Dolans, or lose their severance compensation.

"Substantially all of the pre-tax charges are expected to be paid in cash and will relate to employee severance and compensation benefits, with an immaterial amount of the charges relating to asset impairments and other exit costs," the company notes.

They would receive severance pay, vacation compensation and extended medical benefits, she said.

The company will offer severance packages as compensation to persuade employees to move.

Ames said it would try to relocate them with other companies and would pay them severance, plus "additional compensation," during the final sales period.

ImClone Systems filed suit yesterday against its indicted founder and former chief executive, Samuel D. Waksal, seeking to recover more than $7 million in severance and other compensation.

"All ongoing severance payments, deferred compensation and other payments to former employees have been discontinued and will be the subject of later proceedings before the [bankruptcy] court," stated an internal Tribune document sent to employees yesterday.

And when an independent contractor leaves - for whatever reason - there is generally no severance or unemployment compensation payable.

Tyco's new severance policy limits compensation to twice the executive's base salary and bonuses at the time of termination.

He said he would resign as chief executive "upon confirmation" and would not receive any severance or deferred compensation.