AMENDMENT TO SEVERANCE AGREEMENT Sample Clauses
An Amendment to Severance Agreement clause formally modifies the terms of an existing severance agreement between an employer and an employee. This clause specifies which provisions are being changed, added, or removed, and outlines the effective date of the amendments. For example, it may update the amount of severance pay, alter non-compete obligations, or adjust the timeline for benefit continuation. Its core function is to ensure that both parties clearly understand and agree to the revised terms, thereby preventing misunderstandings or disputes regarding the severance arrangement.
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AMENDMENT TO SEVERANCE AGREEMENT. Section 2(e)(ii) is hereby amended by adding the following proviso to the end of such section: ; provided, that in any case where the first and last days of the Applicable Release Period are in two separate taxable years, any payments required to be made to Employee that are treated as deferred compensation for purposes of Section 409A (defined below) shall be made in the later taxable year, promptly following the conclusion of the Applicable Release Period.
AMENDMENT TO SEVERANCE AGREEMENT. This Amendment to Severance Agreement ("Amendment") is made and effective as of November 29, 2005, by and between Reliant Energy, Inc., a Delaware corporation having its principal place of business in Houston, ▇▇▇▇▇▇ County, Texas (the "Company") and ▇▇▇▇▇ ▇. ▇▇▇▇ ("Executive").
AMENDMENT TO SEVERANCE AGREEMENT. Section 4 of the Retention Letter is hereby amended as follows:
a. Subsections 4(iii)(b) and (f) are stricken in their entirety; provided, however, that the payments provided in Sections 6 and 7 hereof shall be treated as Severance Payments (as such term is defined in the Retention Letter).
b. Subsection 4(iii)(c) is stricken and replaced by the following provision:
AMENDMENT TO SEVERANCE AGREEMENT. Dear ▇▇▇▇▇: In connection with the issuance of final tax regulations under Section 409A of the Internal Revenue Code, which take effect January 1, 2009, we have determined that the letter agreement, dated November 7, 2007 (your “Agreement”), setting forth your right to severance benefits upon a termination of your employment with Rewards Network Inc. (“Rewards Network”) should be amended in order to reduce any risk of adverse tax consequences to you. Effective January 1, 2009, your Agreement shall be amended as follows:
AMENDMENT TO SEVERANCE AGREEMENT. (a) Amendment. The Severance Agreement is hereby amended by deleting the last sentence in the definition of the term "Reorganization Event" in Section 1 thereof and substituting therefor the following sentence: "It is hereby understood and agreed that the consummation of the business combination contemplated by the Agreement and Plan of Merger dated as of September 1, 1997, as amended, among Doubletree Corporation, the Company and Parent Holding Corp. shall not constitute a Reorganization Event for purposes of this Agreement." As hereby amended, the Severance Agreement shall remain in full force and effect with respect to any Reorganization Event (i.e., excluding the Doubletree/Promus Merger).
AMENDMENT TO SEVERANCE AGREEMENT. Paragraph 2(a) of the Severance -------------------------------- Agreement (relating to the "Transition Period") shall be amended by substituting "six months" for "two years." Except as expressly modified by Paragraphs 2 and 5 of this Agreement, the Severance Agreement shall remain in full force and effect according to its terms.
AMENDMENT TO SEVERANCE AGREEMENT. Reference is hereby made to the Severance Agreement (the "Agreement") that was entered into between the undersigned and Gart Sports Company, a Delaware corporation, its subsidiaries, its successor, or a new parent company of Gart (collectively, the "Company"), prior to August 15, 2002. This Amendment to Severance Agreement (this "Amendment") is dated as of August 15, 2002 and constitutes an amendment to such Agreement. In consideration of the mutual premises set forth in the Agreement, you and the Company hereby agree to amend the Agreement to include the following, as applicable: