It should be up to shareholders, not some board beholden to the CEO on just how much Mr. Horton and other executives receive as a severance payment.

FORBES: Gag Order Placed On American Airlines Employees

He is threatening to take the club to Uefa arbitration under a contractual clause which he claims allows him to leave in return for a severance payment.

BBC: Poles suspend Uche

The Severance Payment : If an employee is already entitled to receive a severance payment, whether pursuant to an employment contract or company policy, there is no need to sign a severance agreement to get that money.

FORBES: The Top Ten Reasons to Hire a Lawyer to Review Your Severance Agreement

He said the council would be able to operate very successfully without a managing director and that the severance payment had been approved by the Audit Commission.

BBC: Kent council boss payoff 'a bitter pill'

Also think about receiving your severance payment as salary continuation rather than a lump sum agreement.

CNN: Six ways to prepare for a layoff

In a Commons debate, Labour's deputy leader Harriet Harman urged Mr Entwistle to consider giving up half of his severance payment.

BBC: director general Tim Davie vows to 'get a grip'