Common use of Period of Severance Clause in Contracts

Period of Severance. The term "Period of Severance" means a continuous period of time during which an Employee is not employed by the Employer or an Affiliate beginning on the date the Employee retires, quits or is discharged, or if earlier, the 12 month anniversary of the date on which the Employee was otherwise first absent from service.

Appears in 4 contracts

Samples: Oshkosh B Gosh Inc, Oshkosh B Gosh Inc, Community First Banking Co

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