The company I work for is owned by a Trust. The current Trustee is stepping down (retiring) and a new Trust company is taking over. The current Board of Directors voted to offer employees a year of pay as severance pay if the new Trustee lays us off. If t

Company has a history of paying severance pay but the company is gaining a new Trustee and therefore a new Board of Directors will likely be seated/appointed. Before new Trustee or new Board takes over, a severance policy for the (2) remaining employees was voted on and approved by the current Board & discussed with the employees. Is it possible the new Trustee & new Board of Directors could reverse the severance offered even though it is reflected as approved n the Minutes of the current Board? Do the employees have a right to the severance?