Thread regarding Northern Trust Corp. layoffs

03/17/2022 Proxy Statement Severance Plan Details

"Severance benefits that include:

  • a lump sum payment of two weeks of base salary for each year of completed service up to but less than 25 years, or 52 weeks of base salary for 25 years or more of completed service to us; and
  • a COBRA subsidy based on their length of service ...

These benefits are contingent upon execution of a release, waiver and settlement agreement with us."

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