Glossary entry (derived from question below)
Italian term or phrase:
indennità per la cessazione della carica
English translation:
(management) severance pay
Added to glossary by
Paul O'Brien
Feb 17, 2010 14:53
14 yrs ago
17 viewers *
Italian term
Argentina
Legal and environment specialist, PhD
Native in: English 
Works in: Italian to English, Spanish to English, English
indennità per la cessazione della carica
Italian to English
Law/Patents
Law (general)
"I soci possono inoltre assegnare agli amministratori un'indennità annuale in misura fissa, ovvero un compenso proporzionale agli utili netti di esercizio, nonché determinare un'indennità per la cessazione della carica e deliberare l'accantonamento per il relativo fondo di quiescenza con modalità stabilite con decisione dei soci".
I can't make out whether they are talking here about severance pay if the director is dismissed or a sort of golden handshake when his/her term in office is up.
TIA
I can't make out whether they are talking here about severance pay if the director is dismissed or a sort of golden handshake when his/her term in office is up.
TIA
Proposed translations
(English)
| 4 +2 | (management) severance pay |
Cedric Randolph
|
| 5 | Severance |
Marcello Joseph SPADA
|
| 4 | directors' severance indemnity |
Rachael Alexander
|
| 4 | exit package |
Adrian MM. (X)
|
Proposed translations
+2
12 mins
Cedric Randolph
Italy
Italy
Native in Italian
&
English
Specializes in field
Italy
Reliable, punctual and accurate
Native in: English (Variants: US, UK) 
, Italian
Works in: Italian to English
Related KudoZ points
:
255
Selected
(management) severance pay
This seems to be the most used term in English for management.
4 KudoZ points awarded for this answer.
18 mins
Marcello Joseph SPADA
Spain
Spain
Native in Italian
&
English
Specializes in field
Spain
Legal&Patent, Sworn translations
Native in: Italian , English
Works in: English to Italian, Italian to English
Related KudoZ points
:
4
Severance
the same translation of the severance can be used.
It is not a "golden handshake" but it is the same idemnity given to an Employee, but with the difference that, while an Employee has the severance determined and guaranteed by the Law, the Executive and Directors indemnity for the termination of the charge must be decided and quantified by the shareholders.
Hope it is useful for you
Marcello
It is not a "golden handshake" but it is the same idemnity given to an Employee, but with the difference that, while an Employee has the severance determined and guaranteed by the Law, the Executive and Directors indemnity for the termination of the charge must be decided and quantified by the shareholders.
Hope it is useful for you
Marcello
25 mins
Rachael Alexander
Italy
Italy
Native in English
Specializes in field
Italy
Paralegal and translator
Native in: English
Works in: Italian to English, English to Italian
Related KudoZ points
:
94
directors' severance indemnity
severance indemnity for directors. This wording is easy to understand whether or not you have any knowledge of the Italian system
7 hrs
exit package
Keep it Irish-American and not plodding British.
BTW, a large severance payment is a golden handshake.
BTW, a large severance payment is a golden handshake.
Example sentence:
These days, CEO exit packages are like hitting the lottery. It\\\\\\\'s enough to make you sick. Read this blog post by Steve Tobak on Train Wreck news.cnet.com/8301-13555_3-9782748-34.html
Note from asker:
| That's a point. |
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