Sentence examples for severance policy from inspiring English sources

But the severance policy in the bankruptcy filing entitles him to about two-thirds less.

The directors amended Verizon's executive severance policy to define more specifically the types of payments that are included when calculating the amount of severance owed to an executive.

He said the union initially agreed to the severance policy and the use of W.N.B.A. and D-League referees, "and then reneged".

However, the board breached the severance policy and its fiduciary duty by, on Feburary 8, 2005, without seeking or obtaining shareholder approval, awarding H-P's outgoing CEO a severance package that exceeded the 2.99 threshold.

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

Bernadette Kenny, executive vice president of Lee Hecht Harrison, said many severance policies were enhanced during the late 1990's, while the economy was still strong.

Severance policies typically call for a lump-sum cash payment, the ability to cash out stock awards and options immediately instead of having to potentially wait for years, and sometimes even bonuses.

Originally, the executives were to receive $900,000 in "enhanced severance," but according to the motion, the company now intends to pay them only what they would be entitled to under WorldCom's normal severance policies.

Anthony Fry, BBC Trustee and chair of the trust's finance committee, said: "Although the BBC has achieved significant savings in its senior manager pay bill, some of the NAO's conclusions are deeply worrying, particularly the failure to follow agreed severance policies in a number of cases as a result of weak governance from the BBC executive in the past.

Anthony Fry, BBC trustee and chairman of the trust's financial committee, said: "Although the BBC has achieved significant savings in its senior manager pay bill, some of the NAO's conclusions are deeply worrying, particularly the failure to follow agreed severance policies in a number of cases as a result of weak governance from the BBC executive in the past.

Coovadia et al. [ 12] made mention of several 'unfortunate' policy decisions, such as the voluntary severance packages offered to public sector personnel, which resulted in the movement of skilled staff out of the public sector and into the private sector, international agencies or even retirement.