Sentence examples for severance provision from inspiring English sources

The component of the pay plan that drew the most criticism was a severance provision that would have entitled Dr. Garnier to $23.7 million in bonus salary and stock if he were to resign or be dismissed any time through 2007; it would also add three years to his age when calculating his pension.

"Firstly, it was envisaged that there would be a dramatic reduction in the number of councillors under the new RPA Review of Public Administrationn) arrangements - thus justifying a broad severance provision.

Mr. Driscoll's own contract with the company includes severance provisions and a guaranteed bonus.

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.

Judging by other severance provisions, it appears that some chief executives think they should never have to pay for a security system in any of the homes they have collected, nor buy a car, nor fly commercial.

"I don't want severance provisions," Dangleis said.

Hunt waived his right to sue the city, in exchange for his contract's severance provisions.

The 1964 order, moreover, expressly provides for severance of any provision that is found invalid.

The craft unions do not have a provision for severance pay on retire ment as the guild has had.

The 21 indicators used include such items as laws and regulations governing unfair dismissals, notifications and protections during mass layoffs, the use and abuse of temporary workers, and the provision of severance based on seniority.

For example, severance agreements with nondisclosure provisions were signed in 1997 by Robert G. Schoenberger, a former president, and Charles M. Pratt, a former general counsel.