Severance and golden parachute packages -- which have been lightning rods for criticism over egregious executive pay -- are likely to become even more high-profile this year. For the first time, new disclosure rules require companies to enumerate the estimated cash values of exit packages and other elements of executive pay. While the most egregious examples attract the most attention, the marketplace shows a range of practices -- including some companies have adopted best practices. This paper seeks to explain the issues involved, to describe the range and prevalence of practices, and to highlight specific examples of companies that engage in best practices.