BC277 FASB ASC Topic 420 specifies the accounting for a class of termination benefits known as 'one‑time termination benefits'. Topic 420 requires an entity to recognise a 'stay bonus' over the period of the employees' service and to recognise other termination benefits when the entity has a plan of termination that meets specified criteria. The amendments made in 2011 distinguish benefits provided in exchange for service and benefits provided in exchange for the termination of employment. A 'stay bonus' would not be classified as a termination benefit under IAS 19 because it is provided in exchange for service and, therefore, would be attributed to periods of service in accordance with paragraph 70 of IAS 19.

BC278 FASB ASC Topic 712 specifies the accounting for a class of termination benefits known as 'special termination benefits'. Topic 712 requires an entity to recognise these special termination benefits when the employees accept the employer's offer of termination benefits. The amendments made to IAS 19 in 2011 are consistent with those requirements. Topic 712 also specifies the accounting for a class of termination benefits known as 'contractual termination benefits'. Topic 712 requires an entity to recognise contractual termination benefits when it is probable that employees will be entitled to benefits and the amount can be reasonably estimated. The amendments made in 2011 do not converge with those requirements; instead, IAS 19 requires those benefits to be recognised when an entity can no longer withdraw an offer of those benefits.