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Terms of the severance were not disclosed.
Without knowing the terms of the severance agreement, however, determining Mr. Romney's proper tax liability is difficult.
The members of Congress today criticized Freddie Mac, a for-profit company owned by shareholders, for refusing to disclose the terms of the severance packages of the executives, which would be required of other public companies.
Where does it end?" "According to terms of the severance plan, which was put in place before the government bailed out AIG, certain executives are entitled to severance benefits if they resign for "good reason," which includes significant cuts in their annual base salary or target bonus.
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He said there would be a minimum eligibility period of three terms for the severance payments for councillors leaving as a result of the reorganisation.
As the public row over the payoffs scandal intensified, Lyons told the Guardian he was never briefed on "the full, final terms" of the £1m severance package handed to Mark Byford, the outgoing BBC deputy director general, in 2011.
Some severance packages have nasty little terms: you can't speak of the reasons for your termination, you can't discuss the terms of your severance, you can't speak negatively of the company or the management, you can't work for a competitor or share details of the company with them, just to name a few.
He and several others who were laid off told the newspaper that under the terms of their severance packages, they are not permitted to sue the company or to speak out negatively about it.
And whenever she does decide to leave the combined Yahoo/Verizon entity, she could walk away having earned $137m over the four years of her tenure, depending on the final terms of her severance agreement and the timing of her departure.
Bingham is unparalleled at this; he could land in London at dawn, dethrone the Queen, explain the terms of her severance package, and be out of there before breakfast.
He and several others who were laid off said that under the terms of their severance packages, they are not permitted to sue the company or to speak out negatively about it.
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