Amount of Severance Pay. During the Continuation Period, the Company shall pay the Employee Severance Pay at an annual rate equal to the sum of:
Amount of Severance Pay a. The amount of severance pay to which the Executive is entitled pursuant to Section 2.1 shall be equal to the Severance Compensation. Payment shall be conditioned upon delivery by the Executive to the Company of a written release in the form attached hereto as Exhibit A (subject to such changes as may be necessary to reflect changes in applicable law). Payment shall be made in the form of a lump sum cash payment within ten (10) days following the effectiveness of such release. Such Severance Compensation shall be in lieu of any other payments or benefits in the nature of severance pay or benefits which the Executive has received or will receive from the Company or any of its affiliates (including without limitation, payments under the Hughes Employment Transition Assistance Plan or otxxx xxverance pay plan, or any severance agreements between the Company and the Executive, but excluding any benefits arising out of options granted under the Company's Retention Option Programs or any other Company plan or program designated as a "retention plan" or "retention program"). Any other arrangement providing severance benefits shall be deemed to be amended to eliminate any obligation for benefits to be provided thereunder. If the Executive is entitled to any notice or payment in lieu of any notice of termination of employment required by Federal, state or local law, including but not limited to the Worker Adjustment and Retraining Notification Act, the Severance Compensation to which the Executive would otherwise be entitled under this Agreement shall be reduced by the amount of any such payment, in lieu of notice.
Amount of Severance Pay. Within thirty (30) business days after a Qualifying Termination of Employment, the Company shall pay the Employee as follows:
Amount of Severance Pay. (a) The amount of severance pay (“Severance Pay”) to which the Participant is entitled under the Plan shall be the product of the amount described in (i) multiplied by the percentage described in (ii), with such product reduced by the amount described in (iii):
Amount of Severance Pay. If a Change in Control of the Company occurs and within two years thereafter your employment with the Company is terminated either by you for Good Reason or by the Company Without Cause, then in addition to all other benefits which you have earned prior to such termination or to which you are otherwise entitled, the Company shall pay to you the following amounts:
Amount of Severance Pay. 4.1 Rates of severance pay The following rates apply in cases of full-time employment (normally 37.5 hours a week) and a severance date on or after 1 July 2011: 50 years: NOK 20,000 59 years: NOK 70,000 51 years: NOK 20,000 60 years: NOK 75,000 52 years: NOK 25,000 61 years: NOK 80,000 53 years: NOK 30,000 62 years: NOK 80,000 54 years: NOK 40,000 63 years: NOK 65,000 55 years: NOK 50,000 64 years: NOK 50,000 56 years: NOK 55,000 65 years: NOK 35,000 57 years: NOK 60,000 66 years: NOK 20,000 58 years: NOK 65,000
Amount of Severance Pay. 4.1 Rates of severance pay The following rates apply for full-time employment (normally
Amount of Severance Pay. (i) Provided the conditions of clauses 30.10 (a) and 30.10 (b) have been met, an Employee shall be granted severance pay based upon two (2) week's salary for each year of service to a maximum of twenty-six (26) weeks of the Employee’s current salary.
Amount of Severance Pay. In the event of a Qualifying Termination of Employment (as that term is defined in Section 8 hereof), within thirty business days after the occurrence of such Qualifying Termination of Employment, the Company or its successor shall pay to the Employee a lump sum equal to the product of three times the sum of:
Amount of Severance Pay. Within five business days after the termination of the Employee's employment under Section 6, the Company shall pay the Employee a lump sum equal to [___]% of the Employee's base compensation1 at the greater of (a) the annual rate in effect on the date when the termination of the Employee's employment with the Company is effective or (b) the annual rate in effect on the date of the Change in Control.
