Which is fairly common, and often why compensation packages for folks in those positions are structured the way they are.
The assumption is that someone leaving a director/VP level position will not find another job quickly.
They often have severance agreements that provide either large lump sum payouts to cover them while they look, or multi-month notice that they're being let go (I've seen 3 months and 12 months, with the expectation being that they'll continue in an advisory position and draw salary during that time, but focus mostly on job hunting).
The assumption is that someone leaving a director/VP level position will not find another job quickly.
They often have severance agreements that provide either large lump sum payouts to cover them while they look, or multi-month notice that they're being let go (I've seen 3 months and 12 months, with the expectation being that they'll continue in an advisory position and draw salary during that time, but focus mostly on job hunting).