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For nonunion employees, no specific severance benefit is required, Professor Harper said.
In a hearing before the PAC on 10 July, the two BBC Trust witnesses – Patten and trustee Anthony Fry – said they were unaware of the scale of some specific severance payments to executives and suggested to MPs that they ask Thompson about them.
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Some executives, even those well below the level of chief executive, are trying to negotiate specific contracts and severance packages, or inquiring about liability protection.
HuffPost's union contract included language ensuring editorial independence and enhancing newsroom diversity, and had specific provisions for severance in the event of layoffs.
California doesn't have a specific tax on oil severance — or extraction or depletion, choose your word.
More specific contracts ensure that executives can be denied severance only if they clearly violate business norms, like not coming to work, abusing drugs or committing a crime directly related to the job.
The contract features new language ensuring editorial independence and enhancing newsroom diversity, along with specific provisions regarding comp time, discipline, dismissal and severance in the event of layoffs.
Ask your former boss if there is any "flexibility" in his severance offer, and suggest that you "discuss specifics" about your recommendations.
While other companies receiving smaller or different kinds of bailouts were subject to general compensation restrictions (like a ban on lavish severance payments or guaranteed bonuses), Feinberg's authority to set specific pay packages applied only to the seven companies that got the most TARP money.
He was not specific, but the possibilities are neither new nor complicated: reducing the work force through hiring freezes, and through early retirements and severance packages that would be partially financed with pension fund money.
This is your severance package".
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