Thread regarding DST Systems layoffs

DST Severance Payment

Severance Payment: DST or its successor will pay the executive within sixty days of the qualifying termination, a single lump sum cash payment equal to: (1) two times the executive’s annual base salary as of the date of termination; (2) two times the executive’s target annual bonus amount; (3) two times the DST-paid (or its successor’s paid) portion of the COBRA continuation premium costs to cover the executive and the executive’s dependents for twelve months; plus (4) a pro rata portion of the annual incentive bonus that the executive would have received for the performance year during which the executive’s termination occurred, assuming target level achievement of performance goals.

Outplacement Services: DST or its successor will reimburse the executive for all reasonable outplacement counseling services during the eighteen month period following the qualifying termination, up to $25,000.

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Post ID: @OP+RXj07CA

3 replies (most recent on top)

no sh-- sherlock

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Post ID: @2wca+RXj07CA

no sh-- sherlock

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Post ID: @2dlv+RXj07CA

The severance payment you speak of is only for the top six.

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Post ID: @rsu+RXj07CA

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