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In its recent layoffs, Meredith Corp. has provided severance pay based on length of employment. Those at the top of the management chart will get a better deal if the worst should happen to them. The company’s latest quarterly filing with the Securities and Exchange Commission spells out terms of its contracts with several executives, including these provisions:

If Meredith were to dismiss president and CEO Steve Lacy without cause, it would be required to pay him a lump sum equaling his base pay for at least 24 months, plus his target bonus.

Publishing Group President Jack Griffin would receive no less than 21 months’ pay and bonuses in the same situation. General Counsel John Zieser is in line to receive at least 18 months’ pay, plus bonus, if dismissed without cause. Chief Financial Officer Joseph Ceryanec and Broadcasting Group President Paul Karpowicz each are entitled to a year’s pay if dismissed without cause.