2019 Severance Plan Design Report

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This report summarizes the findings of a 2019 survey relating to severance plan design practices for all levels of employees with and without a Change-in-Control ("CIC").  The survey covered a broad range of plan features including:

The survey was completed by 232 companies of varying size and industry.  The results summary covers the following key severance plan features: 

  • Cash severance including bonus treatment
  • Severance by employee group – minimums, maximums and multiples of pay for CIC
  • Treatment of long-term incentives – forfeited, accelerated vesting, continued vesting, actual vs. target performance, and double versus single-trigger in the case of a CIC
  • Benefits continuation prevalence and duration
    • Medical, dental, and vision
    • Life insurance
    • Vacation
    • Perks
    • Outplacement assistance
  • Retirement – additional crediting prevalence
  • Restrictive covenants and duration

This unique set of data will help you to understand how your severance plans compare to general market practices and provide insight for developing a case for change.

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Availability: Digital download after payment confirmation
Product Type: Data and Research
Media Type: Adobe PDF document
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