Common use of Basic Severance Payment Clause in Contracts

Basic Severance Payment. In the event of a Qualifying Termination, the Company shall, as liquidated damages or severance pay, or both, pay to the Employee and provide the Employee and the dependents, beneficiaries and estate of the Employee within thirty (30) business days after such Qualifying Termination of employment with the following:

Appears in 2 contracts

Samples: Control Agreement (Tucson Electric Power Co), Control Agreement (Tucson Electric Power Co)

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Basic Severance Payment. In the event of a Qualifying Termination, the Company shall, as liquidated damages or severance pay, or both, pay to the Employee and provide the Employee and the dependents, beneficiaries and estate of the Employee within thirty (30) business days after such Qualifying Termination of employment with the followinga lump sum cash amount equal to:

Appears in 1 contract

Samples: Employment Agreement (Unisource Energy Corp)

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Basic Severance Payment. In the event of a Qualifying Termination, the Company shall, as liquidated damages or severance pay, or both, pay to the Employee and provide the Employee and the dependents, beneficiaries and estate of the Employee within thirty (30) business days after such Qualifying Termination of employment with the following:

Appears in 1 contract

Samples: Control Agreement (Tucson Electric Power Co)

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