Severance Program definition

Severance Program means that certain severance program by and between the Debtors and certain current executive and senior management employees, in effect as of the date hereof, including any letters, contracts, agreements, or obligations with respect thereto.

Severance Program means a program providing certain severance benefits that are paid while the program’s participants are on a severance leave of absence that is determined by the Plan Administrator to qualify for recognition as Service under Section B.3 and Credited Service under Section B.4 of Article B.

Severance Program means the program adopted by the Government and GWCL generally describing the terms and conditions for separation of the employees of GWCL, including severance payments thereunder;

Examples of Severance Program in a sentence

• Benefits coverage will cease on the last day of the month of an employee’s termination from employment, except that qualifying employees who are separated under Article 19 may continue benefits coverage and Employer contributions thereto in accordance with the provisions of that article and of Appendix F – Severance Program.

• Severance Program The employer shall offer a voluntary severance benefit (the “Severance Program”) to ATRs who volunteer to resign/retire and who execute an appropriate release in a form prescribed by the Board (DOE) and subject to legal requirements.

• The Parties agree that the primary purpose of a Severance Program is to recognize the contribution of Employees, to allow Employees to leave the system with dignity, to minimize disruption, and to ensure the quality and continuity of services.

• Other than employees who have agreed in writing to resign from the DOE, employees who are ATRs as of June 1, 2014 who volunteer for the Severance Program shall receive a sev- erance payment according to the following schedule: One (1) week of pay for ATRs with three (3) years of ser- vice or more, but less than four (4) years of service, as of the date of ratification of this Agreement.

• Voluntary Employee Separation Agreement (VESP) -- 2016 VOLUNTARY EMPLOYEE SEVERANCE PROGRAM The parties agree to implement a Voluntary Employee Severance Program (“VESP”) as described as follows: Objective Xxxxx Xxxx College ("HFC") has adopted the Voluntary Employee Severance Program ("VESP") to afford eligible employees the opportunity to resign voluntarily in exchange for the payment of benefits.

• The parties agree to implement a Voluntary Employee Severance Program (“VESP”) as described as follows: Objective Xxxxx Xxxx College ("HFC") has adopted the Voluntary Employee Severance Program ("VESP") to afford eligible employees the opportunity to leave voluntarily in exchange for the payment of benefits.

• The Employee acknowledges that he/she has been advised in writing to consult with an attorney before signing this Severance Program Agreement.

• In the event that further reductions in the numbers of Employees are required following operation of Option I above, or in the event that the Employer has chosen not to offer severance in accordance with Option I above, then the Employer will offer the following Standard Severance Program to eligible Regular Employees.

• The period during which excessed supervisors may volunteer to separate from the DOE in accordance with the terms of the Severance Program shall commence on the 30th day and shall terminate at 5 p.m. on the 60th day following the Union’s ratification of this Agreement.

• Any employee that participated in the Voluntary Employee Severance Program is ineligible for this benefit.

More Definitions of Severance Program

Severance Program means the employee severance program implemented by the Debtors and approved by the Bankruptcy Court on August 19, 2008.

Severance Program has the meaning specified in Section 8.9(e)(v).

Severance Program means the program(s) listed on Exhibit A, as amended and in effect from time to time, that provide the specific benefit entitlement(s) available under this Plan to a Participant at the time of the Qualifying Termination. The terms of each such Severance Program shall be incorporated herein and made a part hereof. No Participant shall be entitled to Severance Benefits under more than one Severance Program and the Administrator shall have sole discretion to determine which Severance Program shall apply to a Participant.

Severance Program means the Post-Petition Modified Severance Program approved by the Court in the Chapter 11 Cases by its Order Approving Debtors’ Key Employee Retention Plan and Post-Petition Modified Severance Program and Authorizing Payments to Be Made Pursuant to the Terms Thereunder Without Further Order of the Court entered on May 19, 2004.

Severance Program means the Special Temporary Severance Program for Certain Regular, Full-Time, Non-Union, Salaried Employees of Exeter Drilling Company and Subsidiaries, as in effect on the date of this Agreement.

Severance Program means the program(s) listed on Exhibit A, as amended and in effect from time to time, that provide the specific benefit entitlement(s) available under this