Many companies in Europe are legally required to consult employees individually and collectively, as well as provide termination pay, although protection levels vary depending on where you live.

CNN: SMS 4U: U R sacked

For the first time, the AP study presents payrolls for both active rosters and rosters following adjustments for cash transactions in trades, signing bonuses that are the responsibility of the club agreeing to the contract, option buyouts and termination pay for released players.

NPR: Ailing A-Rod Will Make More Than Houston Astros

Rather than using coaching and scout resources to gain an advantage in scouting or strategic development during a work stoppage many owners have already inserted lockout clause which allows for an immediate reduction in pay and even termination in the event of a prolonged work stoppage.

FORBES: The Coaching Carousel

If the IRS agrees, you may be granted up to 180 days after termination or release from military service to pay the tax without interest or penalty.

FORBES: Tax Tips for the Military on Memorial Day

" The website for the Obama Department of Labor notes, "Severance pay is often granted to employees upon termination of employment.

WSJ: Review & Outlook: Forrest Gump at Treasury

"The PBGC and its plan termination insurance are increasingly called upon to protect and pay the pension obligations promised by large, troubled corporations, " O.

FORBES: UAL Union Asks For Pension Probe

The officer has been suspended without pay and could face departmental sanctions, including termination, regardless of the outcome of the federal case against him, Mr. Browne said.

WSJ: Police Officer Arrested

There are a few sections of the contract that were redacted before the contract was provided pursuant to the open records request, but none of the provisions I see specifically require Texas to pay any sort of fee or penalty upon termination.

FORBES: Longhorn Network Isn't A Roadblock For Texas To Join Pac-12

If the employer has enough assets to pay out all obligations of a pension plan, then it can initiate a standard termination.

FORBES: PBGC Pension Termination: A Worker's Perspective by Terry O'Rourke, United airlines (December 15, 2007 )