Re: They don't call El Reg a redtop for nothing...
Go one step further & read Computerworld's linked article analysing it. They compare it with an earlier severance clause used by the bank and there are some differences. The earlier clause is much more restrictive on the circumstances in which it can be invoked. The intention may have been similar and the differences due to some casual editing by HR. However it's the agreement as it actually exists that matters and everyone in tech should have learned to pay attention to what a document doesn't say.