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Executive compensation packages work differently and tend to be much more bonus driven. Frequently these types of severance packages are to make up some sort o

• gadders 3y ago
  Even if you quit voluntarily?
  • mikeryan 3y ago
    To be clear I'm not as familiar with this for non-profits. But generally yes, if much of your compensation is bonus based most executive contracts will have a mechanism for pro-rating or just paying out future bonuses. This sounds a bit like it was something of a mutual parting of the ways so sometimes boards will payout other bonuses like Retention Bonuses (A bonus for staying at a position, frequently with another job offer at hand) even though the person is leaving. It could also just be a bonus triggered by the board choosing to part ways with her that was part of her executive contract. Proving a firing is "for cause" is frequently difficult so sometimes if there's a desire to replace a senior executive it's easier to just pay them off.