This excerpt taken from the DTV DEF 14A filed Apr 20, 2009.
What is the Company's position and practice on severance and change-in-control agreements?
Severance Agreements. The Company has entered into employment agreements with severance compensation arrangements with each of the named executive officers. Based on research on the peer group and general industry conducted by the Consultant plus the Committee's own experience, the Company believes that pre-established severance arrangements provide assurances of fair treatment to the executives and help to 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.
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.