Top executives should ask for contracts with severance of at least 12 months' pay, clarity on what constitutes for-cause termination Tax documents show the reality of severance at associations. Of those organizations that reported paying severance to departing CEOs in 2013, amounts ranged from less than two months of base salary to nearly two years. Johnson Moss Of course, CEOs may get no severance at all if their contract isn't renewed or they didn't have a contract with a severance provision. And senior staffers are even less likely to have contracts. Executives without contracts "are in a really difficult position, because they are left with what all the other… Read More