On the basis of his interpretation of the life insurance policy contract, petitioner stopped making premium payments in 1977 and considered the policy abandoned.

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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.

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The company has since tweaked its policy and contract language to keep police from wielding the information for speed cameras.

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