This excerpt taken from the DTV DEF 14A filed Apr 21, 2008.
What is the basis for selecting particular events as triggering payment with respect to any contract, agreement, plan or arrangement that provides for payment at, following or in connection with any termination or change-in-control?
We have no individual agreements, arrangements or other programs in which additional compensation is paid upon entering into or completing a change-in-control of the Company, nor is additional compensation or severance payable in the event of termination of employment following a change-in-control of the Company beyond amounts otherwise payable upon termination of employment.
The Company has entered into employment agreements with other severance compensation arrangements with some of the named executive officers. Based on research on the peer group and general industry conducted by the Consultant and the Committee's own experience, the Company believes that pre-established severance arrangements provide assurances of fair treatment to the executives and help retain key executives for the benefit of the Company. Such agreements support the development of an experienced management team and are competitive with practices among the peer group.
The Committee has developed the following guidelines for the Company to limit compensation in severance agreements.
the applicable plans and, in the case of retirement, accrued bonus and stock compensation under the terms of the applicable plans.