Order, Supreme Court, New York County (Michael D. Stall-man, J.), entered June 5, 2008, granting defendants’ motion for summary judgment dismissing plaintiffs third cause of action for breach of contract, unanimously affirmed, with costs.
The court correctly found that the alleged promises made by defendant Schneider with respect to severance benefits to be provided plaintiff in the event of a sale of Helmsley-Spear, Inc., or at the time of his departure from the company, are insufficient, as a matter of law, to provide the basis for a legally enforceable oral agreement. The oral assurances lacking any actual terms as to the amount, form, and timing of payment of any compensation, and including no methodology or custom providing for the determination of the same, failed to manifest a clear intention on the part of the parties to form a binding, definite severance agreement (see Dombrowski v Somers, 41 NY2d 858, 859 [1977]; Stanwich Consulting v Etkin, 47 AD3d 403 [2008];