Termination benefits are employee benefits provided in exchange for the termination of an employees employment as a result of either

Termination benefits are typically lump sum payments, but sometimes also include

163 Some termination benefits are provided in accordance with the terms of an existing employee benefit plan.

165 An entity shall recognise a liability and expense for termination benefits at the earlier of the following dates

when the entity recognises related restructuring costs (see IAS 37) or termination benefits (see paragraph 165).