provided to current employees that are involuntarily terminated under the terms of a benefit arrangement that is not an ongoing benefit arrangement or an individual deferred compensation contract (referred to as one-time termination benefits
However, the effects of a termination benefit
on an employer's defined benefit pension or OPEB obligations should be accounted for in accordance with paragraph 17 of this Statement.
Accordingly, accrued benefits are termination benefits
and not earned retirement benefits.
A liability for a cost associated with an exit or disposal activity shall be recognized and measured initially at its fair value in the period in which the liability is incurred, except as indicated in paragraph 11 (for a liability for one-time termination benefits
that is incurred over time).
Pro-forma EBITDA represents EBITDA plus (i) the sum of the charges related to the settlement of the SEC inquiry and branch closures, net, as well as the net foreign currency transaction loss, less, (ii) the sum of the merger termination benefit
and net foreign currency transaction gains.
3 billion in one-time costs for the layoffs, from items such as severance and termination benefits
A federal filing said Witherell, a former Morgan Stanley executive who also spent 15 years at Lehman Brothers, left for "personal reasons" and that he won't receive any termination benefits
Reuters has reported that the automaker expects around USD532m in costs in order to cover the termination benefits
of 2,600 workers at its Antwerp, Belgium, plant.
for executives of the El Dorado company are made by the board of directors' executive compensation committee on a case-by-case basis, according to the Form 8-K.
SYDNEY - Australia will crack down on ''excessive'' termination benefits
paid to company executives by making it easier for shareholders to reject such payments, Treasurer Wayne Swan announced Wednesday.
The company said late Wednesday no offers have developed and it expects to record restructuring charges ranging from approximately $200,000 to $400,000 in the third quarter of 2008 in connection with termination benefits
, including severance, outplacement and other fringe benefits.
2006 (restated(ii)) Shareholders' equity 14,991 16,275 Minority interests 2,522 2,766 Non current liabilities 8,430 13,051 - Interest bearing 4,341 7,176 liabilities - Employee benefits 1,617 2,730 - Termination benefits
852 779 - Other provisions 943 973 - Deferred tax liabilities 536 1,260 - Other liabilities 141 133 Current liabilities 10,004 11,579 - Trade payables 5,228 5,754 - Interest bearing liabilities 1,623 2,168 - Other amounts payable 2,879 3,402 - Termination benefits
30 34 - Other provisions 244 221 Total shareholders' equity, 35,947 43,671 minority interests and liabilities