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2 Resources for

severance

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BNET Business Dictionary

Severance: dismissal from employment because the job or worker is considered no longer necessary.; Severance definition on BNET »

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The Uncertain Business of Building New Nuclear: A new study on Climate Progress has some surprising conclusions for nuclear power. Final costs for generating power at new plants, the study says, will be 25 to 30 cents per kilowatt-hour, which is some three times the cost of today's energy. Nuclear is a major...; Tags: Plant, Severance, Construction, Supply Chain Management (SCM), Professional Development, Enterprise Software, Software, Career, Chris Morrison; Blog posts 2009-01-07
Shore Up Your Beleaguered Finances: Uncle Sam thinks you're too rich to help, so you'll have to help yourself. Keep Your Income Flowing In past recessions, the little guy or gal took the brunt of the job losses. Now, however, a high annual income — one over $100,000...; Tags: Job, 401(k) Plan, Stock, Income, Finance, MoneyWatch, McCain, Recruitment & Selection, 401(k), Personal Finance, Human Resources, Workforce Management, Benefits, Retirement Plans, Financial Crisis, Bailout, Stimulus Package, Job Losses, Layoff, Severance, Resume, Laid Off, Statements, Retirement Assets, 529 Plans, Tax-Free Gift, Health Insurance, COBRA, COBRA Subsidy, Jeff Wuorio; Articles 2009-05-04

Additional Resources

Cashless Severance: Here's a Relatively New Way to Pay Off Departing Employees: Wherever layoffs take place, severance is sure to follow. And, as most senior financial executives know, severance could be a big cash drain for companies at precisely the time they are trying to conserve cash. One should not despair. A new method allows companies to save cash by restructuring the...; Tags: CFO Publishing Corp., Benefits, Financial Accounting, Human Resources, Finance; White papers 2001-07-30
Ten Tips for Securing a Fat Severance Package: The Find: If worse comes to worse and you're facing a lay-off, remember that there are still steps you can take to assure your employer gives you the softest landing possible. The Source: Ten tips on negotiating after a lay-off from Silicon Alley Insider. ...; Tags: Severance Package, Jessica Stillman; Blog posts 2008-12-05
Aon adds buyout-triggered severance benefits.(News)(Brief Article): Byline: Sally Roberts CHICAGO-Aon Corp. has implemented a new severance package plan for its key executives in the event the Chicago-based brokerage giant is acquired. Aon's board of directors approved the new severance agreements on Jan. 21. T Byline: Sally...; Tags: Aon Corp., benefit, severance package; Research articles 2005-01-31

At Deadline.(Sears Holdings changed its executive severance policy)(Microsoft CEO Steven Ballmer leaves Accenture's board)(United airlines)(Brief Article): Sears cuts laid-off executives' pay Sears Holdings changed its executive severance policy late last year, according to a quarterly SEC filing. The policy, approved by Sears' board on Nov. 8, says executives will receive severance equal to one year Sears cuts laid-off executives'...; Tags: Accenture Ltd., board, Microsoft Corp., Sears Roebuck & Co., SEC filing, United Airlines; Research articles 2006-01-02
'Chutes of gold: Centerior execs may reap millions in severance pay under Edison deal. (acquisition of Centerior Energy Corp. by Ohio Edison Co.): Centerior execs may reap millions in severance pay under Edison deal Centerior Energy Corp.'s top executives and officers will receive nearly $10 million in severance packages if they lose their jobs as a result of the pending acquisition of Centerior Centerior execs may reap millions in severance...; Tags: acquisition, agreement, job, shareholder; Research articles 1997-02-17
Vivendi's new Mess: severance. (CEO Pay).(an arbitrator orders Vivendi Universal S.A. to pay Jean-Marie Messier $23.5 million in severance): A New York arbitration tribunal has ordered Vivendi Universal S.A. to pay its former chairman, Jean-Marie Messier, 20.6 million euros ($23.5 million) in severance--a ruling the French conglomerate intends to fight. A New York arbitration tribunal has ordered Vivendi Universal S.A. ...; Tags: Vivendi Universal; Research articles 2003-07-07
Get it in writing: study shows many firms are lax about executive severance policies, with potentially costly consequences.(Compensation): EVER WONDER HOW YOUR company's executive severance policy matches up against others in Corporate America? If your first thought is, "What executive severance policy?" then you are in the same boat as 25% of the companies in a recent survey that said they don't even have...; Tags: CEO, compensation, Hay Group, MARKETING; Research articles 2004-08-01
UC tightens rules on severance packages: Facing increasing scrutiny over pay practices, University of California regents have voted to tighten the rules on severance packages worth $100,000 or more. Under a policy approved Wednesday by a regents subcommittee, any severance agreements that hit that mark must be approved by the university's governing Board...; Tags: agreement, audit, Benefits, board, compensation, salary, University of California; Research articles 2006-01-19
Delta Air Lines receives court approval to reinstate a severance program; Top executives will not participate.: M2 PRESSWIRE-23 February 2006-Delta-Air: Delta Air Lines receives court approval to reinstate a severance program; Top executives will not participateC1994-2006 M2 COMMUNICATIONS LTD RDATE:22022006 ATLANTA - Delta Air Lines, Inc. today announced that the U.S. Bankruptcy Court for the Southern District...; Tags: Delta Air Lines Inc.; Research articles 2006-02-23
Ambiguity doesn't work; In layoffs, plan language must be clear, court rules.(Ronald Gerlib vs. R.R. Donnelley & Sons Co. case on employee benefit and severance plans): CHICAGO-A federal district court decision in Chicago illustrates the importance of clear language in employers' benefit and severance plans. The court ruled in Ronald Gerlib vs. R.R. Donnelley & Sons Co. that a severance plan administrator improperly offered employees who were losing their...; Tags: R.R. Donnelley & Sons Co.; Research articles 2001-11-26
Termination And Severance Pay Policy: The Termination and Severance Pay policy defines the various types of separations from the employ of the Company and the effect of separation on benefits and continuous service. It covers information on applicability, types of separation, severance pay, accrued vacation time/pay, insurance, and length of service, among other related topics.; Tags: Termination, Separation, Business & Legal Reports, Workforce Management, Human Resources; Tools & templates 2007-11-16
Termination-severance pay deals must be precise to avoid litigation.(News)(International Business Machines Corp.): Byline: JUDY GREENWALD ST. LOUIS-Employers that ask terminated employees to sign claims release forms in return for severance pay should ensure that those forms are written in easily understood language, in light of a recent appeals court decision Byline: JUDY GREENWALD ...; Tags: agreement, covenant, IBM Corp., litigation; Research articles 2005-05-23
SBC puts Ameritech buyouts on speed dial; More top-level managers now eligible.(executives have 30-day window to take early retirement with enhanced severance package)(Brief Article)(Statistical Data Included): The stream of managers departing Ameritech is likely to accelerate this month as up to 220 high-level executives become eligible for a lucrative severance package. The executives have a 30-day window that opened Oct. 8 -- the first anniversary of The stream...; Tags: Ameritech, severance package, window; Research articles 2000-10-16
Convergys Corporation Updates Earnings Guidance for Fourth Quarter, 2005; Impact From American Jobs Creation Act, Adjustments To Cellular Partnership And Increased Severance Expense Subtracts $0.16 From Previous EPS Guidance: CINCINNATI -- Convergys Corporation (NYSE:CVG), a global leader in providing customer care, human resources, and billing services, today announced it expects fourth quarter income from operations, excluding additional severance, to be in line with previous guidance. Convergys now expects earnings for the fourth quarter of 2005 to be approximately $0.14...; Tags: adjustment, Convergys Corp., partnership; Research articles 2005-12-21
Dow executive gets $5.6 million severance package. (Business: In Brief).(former CEO Michael Parker)(Brief Article): Former CEO Michael Parker has left Dow Chemical Company with a severance package of $5.6 million, which includes a ... Former CEO Michael Parker has left Dow Chemical Company with a severance package of $5.6 million, which includes a provision barring any employment during...; Tags: severance package, The Dow Chemical Co.; Research articles 2003-03-17
IBM Workers in North Carolina Plan Challenge Tax on Severance Pay. (Originated from The Charlotte Observer, N.C.): Oct. 6--Hundreds of people in North Carolina are about to join a nationwide movement of former IBM employees who claim their severance payments should have been tax-free. Oct. 6--Hundreds of people in North Carolina are about to join a nationwide movement of former IBM employees who...; Tags: IBM Corp., worker; Research articles 1994-10-05
New Hay Group Study Finds Twenty-Five Percent of Companies Do Not Have Executive Severance Policies; Almost One-Third of CEOs Lack Employment Contracts: PHILADELPHIA -- A new study by Hay Group, a global organizational and human resources consulting firm, shows that one in four companies do not have executive severance policies. For those companies that offer executive severance, only half formally define the conditions, events, and terms for payment.; Tags: Hay Group; Research articles 2004-06-23
Severance plan design goes in-house.: While employers still use benefits consulting firms when they design severance packages, they are doing more of it in-house as they become more experienced with downsizing and outsourcing, benefits consultants say. "I think it's kind of a mixed bWhile employers still use benefits consulting firms when...; Tags: benefit, downsizing, Fortis; Research articles 1996-06-03