Sentence examples for termination payout from inspiring English sources
The public was largely unaware that the average Nassau County police officer made over $101,000 last year and that the average termination payout is over $200,000".
But the end result for the ARU's short-sightedness was millions of dollars in brand damage, termination payouts, and massive legal fees.
"At the council's last meeting on Dec. 16, the members authorized the borrowing of $2.7 million to pay for termination payouts for retiring city personnel, money that had not been included in this year's budget.
The proposed contract with the Police Benevolent Association increases the number of personal days officers can cash in at retirement to 20 from 15. Termination payouts to retiring police officers already average $200,000, and with 200 officers now retiring, those costs are expected to top about $40 million this year.
Ideally, over time, the advisors help create a culture in which misbehavior is caught and corrected early, without terminations or payouts, and limiting instead of incurring financial liability.
The termination prompted a one-time payout of $20.3 million.
Mr. Pandit did not have an employment agreement that guarantees such a payout in case of termination, according to an analysis by Disclosure Matters.
Will termination fees get terminated?
The Yankees' overall payroll for 2004, based on average annual payouts to 24 players and including the termination pay the club is expected to give Boone, will be about $180 million.
The three were also accused of modifying the termination clauses in their employment contracts to ensure that they would receive multimillion-dollar payouts even if they were fired for cause.
