Other Severance Provisions Sample Clauses
The "Other Severance Provisions" clause outlines additional terms and conditions related to severance pay or benefits that are not covered by the main severance section of an agreement. This clause may address unique scenarios such as severance eligibility in the event of a merger, acquisition, or changes in company policy, and can specify exceptions or supplemental benefits. Its core function is to ensure comprehensive coverage of all possible severance situations, thereby reducing ambiguity and potential disputes regarding an employee's entitlements upon termination.
Other Severance Provisions. In the event of any termination, the Executive shall be entitled to any other payments, benefits or rights in accordance with this Agreement or any applicable plan, program, policy, arrangement of, or other agreements with, the Company or any affiliate (provided that in no event shall the Executive be entitled to duplication of any payment or benefit).
Other Severance Provisions. Notwithstanding any other provision of this Agreement:
(a) All payments made to Executive shall be subject to and reduced by all required tax withholdings.
(b) As a condition precedent to the Company’s obligations to make any payments or provide any benefits pursuant to Sections 7.2, 7.6 or 7.9 above, the Executive must execute and deliver to the Company a release (in a form and substance acceptable to the Company) as to any and all claims Executive may have against the Company (which release, however, need not release any claims relating to indemnification, contribution, or insurance coverage), which release will include, without limitation, the resignation(s) as contemplated by Section 6.5 above either in the body of the release or as separate documents as requested by the Company.
Other Severance Provisions. In addition to severance payments under Section 3 above, Executive also will receive health and life insurance following termination of his employment in the same plan as provided to such Executive immediately prior to such Executive's termination or a substantially similar plan initiated by the Company thereafter. The Company shall pay for such health and life insurance, provided that the Executive shall pay for any portion at the same rates as would have been paid as if he were still employed by the Company. Continuation coverage under this Section 7 shall continue for a period of three years; provided, however, that such continuation coverage shall end as of the date the Executive becomes covered under any other group health and or life plan that is not maintained by the Company and which provides substantially similar benefits to the Company's plan.
Other Severance Provisions. In addition to the severance payments described above, the Corporation will either (I) reimburse the officer's COBRA premiums, or (ii) if permitted by the Corporation's health plan, continue in such plans at the Corporation's expense. If Officer's health insurance coverage included the Officer's dependents immediately prior to the Officer's termination, such dependents will also be covered at the Corporation's expense. Continuation coverage under this Section 3(b) shall continue for twelve (12) months after the Officer's Termination Upon a Change in Control or Change of Management, provided, however, that such continuation of coverage shall end as of the date the Officer becomes covered under any other group health plan that is not maintained by the Corporation.
Other Severance Provisions. Notwithstanding any other provision of this Agreement:
(a) All payments made to Executive shall be subject to and reduced by all required tax withholdings.
(b) As a condition precedent to the Company's obligations to make any payments or provide any benefits pursuant to Sections 7.2, 7.6 or 7.9 above, the Executive must execute and deliver to the Company a release (in a form and substance acceptable to the Company) as to any and all claims Executive may have against the Company (which release, however, need not release any claims relating to indemnification, contribution, or insurance coverage).
Other Severance Provisions. In addition to the Severance Payment, the Employee will receive 100% Company-paid health insurance in the same plan as provided to the Employee immediately prior to the Employee's termination. If the Employee's health insurance coverage included the Employee's dependents immediately prior to the Employee's termination, such dependents would also be covered at Company expense. Continuation coverage under this Section 2.6 shall continue for [30][36]* months after the Employee's termination; provided, however, that if the Employee becomes re-employed with another employer and is eligible to receive health benefits under another employer-provided plan, the health insurance benefits described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. ARTICLE III
Other Severance Provisions. In addition to the severance payments described above, Employee will receive 100% Corporation-paid health insurance in the same plan as provided to such Employee immediately prior to Employee's Termination Upon a Change in Control. If Employee's health insurance coverage included Employee's dependents immediately prior to Employee's termination, such dependents will also be covered at the Corporation's expense. Continuation coverage under this Section 3(b) shall continue for twelve (12) months after Employee's Termination Upon a Change in Control, provided, however, that such continuation of coverage shall end as of the date Employee becomes covered under any other group health plan that is not maintained by the Corporation.
Other Severance Provisions