I've had this happen with shorts that are too big. The short actually may not be tight enough to pull the chamois closer to the body. However, in MOST (not all) cases, once I wash and wear the shorts a couple of times the chamois "softens" and doesn't stick out as much.

I think the Terry shorts are pretty "true" to what we Americans have come to think of as S-M-L. (Now...in those Europeeeen brands like Assos and EtxeOndo I wear a larger size!)

Which brings to mind a question that I've pondered for some time but never asked: Does anyone know if the chamois (chamoises?? ) are generally the same size in all short sizes or if they are "adjusted" for the sizes??