Elon Musk, the CEO of SpaceX and Tesla and owner of X (formerly Twitter), has agreed to settle a $128 million lawsuit filed by four former top executives of the social media platform. The lawsuit, initiated by ex-CEO Parag Agrawal, former CFO Ned Segal, former chief legal officer Vijaya Gadde, and former general counsel Sean Edgett, alleged that Musk fired them without cause after acquiring Twitter in 2022 and denied them severance payments. The executives claimed they were entitled to one year’s salary and stock awards under a pre-existing severance plan. The settlement, disclosed in a court filing last week, requires certain conditions to be met in the near term, though specific terms remain undisclosed. This case is one of several legal disputes Musk has faced over unpaid severance since taking over Twitter. In August, Musk and X settled a separate $500 million lawsuit with approximately 6,000 former employees who argued they were owed severance pay. Musk’s acquisition of Twitter for $44 billion in 2022 was followed by significant layoffs, reducing the workforce by more than half. The former executives also contended that Musk falsely accused them of misconduct to justify their termination, allegedly due to his frustration over being compelled to complete the purchase.