"All severance payments
are calculated in accordance with the council's approved organisational change policy, where employees are compensated for losing employment through redundancy, voluntary severance or other reasons."
with the 34 to Anne The Taxpayers' Alliance said Mr West was one of 26 senior local authority staff who were given severance payments
of PS100k or more.
Infosys had decided to pay Rs 17.38 crore as severance payment
to the then CFO Bansal in 2015.
The settlement gives the seven workers a higher severance payment
in return for their agreement to leave the company.
This scheme gives staff the opportunity to leave their posts with a severance payment
. "It is a completely voluntary scheme - and we have already received a number of requests from staff who are interested.
are deductible by the employer if: (a) the payments are compensation for services previously rendered by the employee, and (b) the payments are reasonable in amount.
Byline: Dubai chamber says high severance payments
could reduce productivity
One potential trap for executives with employment contracts relates to severance payments
that are triggered by the executive's resignation for "good reason" as defined in the agreement.
Health Secretary Alan Johnson ordered that severance payments
to Rose Gibb be withheld after she stepped down as head of Maidstone and Tunbridge Wells NHS Trust.
LAN Airlines posted a profit of $16.5 million in the second quarter after a one-time charge of $6.4 million related to severance payments
, reduced 38% from $26.6 million in the second quarter of 2005.However, the airline group's operating performance was sound for a period that traditionally is the weakest in South America.
The "double trigger," the most common practice regarding severance payment
in the event of a COC, requires that both a COC and the failure to provide a comparable job must occur before severance is payable.
Nothing angers shareholders (and employees) more than a large severance payment
to a failed CEO.