Yahoo is adopting severance plans to take effect if the Web portal is taken over by Microsoft (MSFT, Fortune 500).
The plans cover all of Yahoo’s full-time employees, including its top executives, for two years after a change in control of the company.
Workers who lose their job without cause - or quit for good reason as Yahoo (YHOO, Fortune 500) defines it - would continue to receive their salary and medical benefits for 4 to 24 months, plus reimbursement for "outplacement services" for two years savings account payday advance.
The departing employees’ stock options would also vest faster than scheduled.
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