No, Take-Two has not turned around and decided to sell to EA. Yet. But the company has put together a severance plan for its employees just in case something does go down now that the $1.9 billion offer is out in public. EA is expected to be pushy when it comes to getting Take-Two, and now it looks like even the executives are acknowledging what is likely to happen.

According to Reuters, an SEC filing has Take-Two giving executives at the company up to 1.5 times their salary and bonus for 18 months if they are fired due to the changing of the regime. Non-executives get a six-month severance package. Which is a pretty damn sweet package as they go…but notice how much nicer the suits have it? Just a random observation. Chairman Strauss Zelnick and other top execs are under a separate agreement. Most likely dealing in buxom beauties feeding them grapes while topless women serve up a nice glass of Highland 25 year scotch.

Zelnick continues to hold to the line that Take-Two will discuss the buyout after Grand Theft Auto IV launches later in April. This severance package deal is likely a measure by the top brass at Take-Two to keep morale up at the company. After all, if Take-Take is all mopey then there’s a chance their value will go down for EA. Nobody likes a whiny and mopey trollop hanging around their neck all night like a dead fish.