Severance and Notice. The Board shall provide the following for each member who is selected for layoff:
Severance and Notice. If a regular employee is terminated except as provided in Section 1 above, said employee shall receive two (2) weeks’ written notice immediately prior to the date of termination, or the equivalent in wages. If notice is given immediately prior to the vacation period of any employee, such employee shall receive two (2) weeks’ wages, at the employee’s current salary, in addition to vacation pay to which the employee is entitled, plus all other benefits including severance pay as provided in Article 17.5.
Severance and Notice. The Board shall provide the following for each member who is selected for layoff Each Sessional member shall receive notice that the University will honour all contractual obligations to the member but that no subsequent contract will be offered. Each Continuing Sessional member shall receive four (4) months’ written notice of the proposed date of lay off or four
Severance and Notice. Intermix is an “at will” employer. You will be provided with up to six (6) months of base salary and benefits continuation (the latter to be provided in the form of Company-paid COBRA) as severance in the event that you are terminated for reasons other than cause during the term of your employment. This benefit would be payable monthly for up to six (6) months or until you begin new employment, whichever occurs first. Both parties will be required to provide the other with thirty (30) days of written notice of their intention to terminate the relationship.
Severance and Notice. The Buyer shall, or shall cause the Canadian Buyer or the Buyer’s Affiliates to, have in effect for a period of at least twelve (12) months following the Closing Date a severance plan, practice or policy applicable to each Transferred U.S. Employee or Transferred Canadian Employee that is not less favorable to such employee than the severance plan, practice or policy of the Sellers, the Sold Companies, the Sold Subsidiaries or their respective Subsidiaries, applicable to such employee and in effect as of immediately prior to the Closing Date (with credit for service with the Sellers, the Sold Companies, the Sold Subsidiaries and their respective Subsidiaries and their predecessors as set forth in Section 6.1(k)). In addition, (i) the Buyer, the Canadian Buyer and the Buyer’s Affiliates solely shall be responsible for, and have all Liability with respect to, any severance or similar obligation with respect to or arising from the termination of employment of any Transferred Employee on or following the date they become a Transferred Employee (including the employer portion of any payroll, social security, unemployment or similar Taxes), and (ii) the Sellers and their Subsidiaries solely shall be responsible for, and have all Liability with respect to, any severance or similar obligation with respect to or arising from the termination of employment of any Employee, Former Employee or other service provider (other than an Employee who becomes a Transferred Employee) (including the employer portion of any payroll, social security, unemployment or similar Taxes) and such amount shall not be included in the calculation of Closing Working Capital.
Severance and Notice. The Buyer shall, or shall cause its Affiliates to, have in effect for a period of at least twelve (12) months following the Closing Date a severance plan, practice or policy applicable to each Continuing Employee that is not less favorable to such employee than the severance plan, practice or policy applicable to similarly situated employees of the Buyer and its Affiliates (with credit for service with the Sellers, the Sold Companies, the Sold Subsidiaries and their Affiliates and their predecessors as set forth in Section 5.1(i)). In addition, the Buyer solely shall be responsible for, and have all Liability with respect to, any severance or similar obligation with respect to or arising from the termination of employment with the Buyer and its Affiliates of a Continuing Employee (including the employer portion of any payroll, social security, unemployment or similar Taxes).
Severance and Notice. The Buyer shall, or shall cause its Affiliates to, have in effect for a period of at least 12 months following the Initial Closing Date a severance plan, practice or policy applicable to each Transferred U.S. Employee that is not less favorable to the employee than the severance plan, practice or policy of the Asset Sellers applicable to the employee and set forth on Schedule 6.1(b)(i) (with credit for service with the Asset Sellers, Transferred Companies, their Affiliates and their predecessors as set forth in Section 6.1(h)), subject to the requirement that the applicable Transferred U.S. Employee execute and not revoke a standard release of all claims. In addition, the Buyer solely shall be responsible for, and have all Liability with respect to, (i) any severance or similar obligation with respect to or arising from the termination of employment with the Buyer or its Affiliates of a Transferred Employee and (ii) any severance or similar obligation with respect to a Specified Employee, whether or not a Transferred Employee, that results from the breach by the Buyer of its obligation under Section 6.1(a) to provide such Specified Employee with an offer or continuation of Substantially Equivalent Employment (in the case of (i) including the severance obligations, and in the case of (ii) as set forth on Schedule 6.1(b)(ii) (payable pursuant to the terms of Schedule 6.1(b)(ii)) and the employer portion of any payroll, social security, unemployment or similar Taxes); provided, however, that the Company shall promptly reimburse the Buyer for the excess of (A) the amount of severance paid by the Buyer to a Specified Employee pursuant to Schedule 6.1(b)(ii) that exceeds six (6) months of the Specified Employee’s annual base salary at the time of the Specified Employee’s separation from the Buyer and its Affiliates (or, if the Buyer or an Affiliate of the Buyer does not offer the Specified Employee Substantially Equivalent Employment, of the Specified Employee’s annual base salary immediately prior to the Initial Closing), over (B) the cash severance amount with respect to such Specified Employee for which
Severance and Notice. Purchaser shall, or shall cause its Affiliates to, have in effect for a period of at least 12 months following the Closing Date a severance plan, practice or policy applicable to each Continuing Employee that is no less favorable to such Continuing Employee than the severance plan, practice or policy of the Seller Parent or any of its Affiliates, applicable to such Continuing Employee and in effect as of immediately prior to the Closing Date (with credit for service with the Seller Parent and any of its Affiliates, the Sold Company and their predecessors as set forth in Section 6.12). In addition, subject to Section 6.8, Purchaser solely shall be responsible for, and have all Liability with respect to, any severance or similar obligation with respect to or arising from the termination of employment with Purchaser and its Affiliates of a Continuing Employee (including the employer portion of any payroll, social security, unemployment or similar Taxes), including without limitation, for any Seller Business Employee who is not offered employment by Purchaser and/or one of its Affiliates in compliance with Section 6.1(b); provided, however, that the requirements of this Section 6.3 shall not apply to Continuing Employee who are covered by a Labor Contract.
