Severance Packages Sample Clauses
A Severance Packages clause outlines the compensation and benefits an employee is entitled to receive upon termination of employment, typically when the termination is not for cause. This clause specifies the amount of severance pay, continuation of benefits such as health insurance, and any additional support like outplacement services. Its core practical function is to provide financial security and support to employees transitioning out of the company, while also clarifying the employer’s obligations and reducing the risk of disputes following termination.
Severance Packages. The following table presents the accounts in the balance sheet and off balance sheet that need to be written up or down. The justifications of each adjustment are presented in the following sections.
Severance Packages. Within a reasonable time after the Effective Time, SPSS shall provide reasonable severance packages to certain ShowCase employees, other than ▇▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇, who are not retained for employment by SPSS. Such packages will contain among other provisions, compensation at such employee's then base compensation level for one week of employment for every one year of service of such employee as a ShowCase employee, with a one-month minimum.
Severance Packages. Within a reasonable time after the Effective Date, SPSS shall provide severance packages to Clear Software employees who are not retained for employment with SPSS, and bonus packages to those Clear Software employees who are retained. Such bonus and severance packages shall be determined by SPSS in consultation with Clear Software management, and shall total a minimum of $200,000 in the aggregate. Bonus packages shall be paid upon completion of six (6) months of employment with SPSS.
Severance Packages. Section 3.13(a)(i) List of Employees Section 3.13(a)(ii) List of Officers and Directors
Severance Packages. In exchange for relinquishment of rights of future compensation and a three (3) year covenant not to compete, MEEMIC desires to provide each of its current directors with a severance package, pursuant to a severance agreement (the "Severance Agreement") in substantially the form and substance of the accompanying Exhibit E, subject to the Commissioner's approval and receipt of a fairness opinion from an independent third party generally accepted in the industry to be qualified to issue such an opinion as to fairness; provided, however, that the amount and structure of such severance packages finally entered into between MEEMIC and its directors may be upon such other terms and in such other amounts as shall ultimately be deemed acceptable by such third party opinion provider.
Severance Packages. Within a reasonable time after the Closing Date, SPSS shall provide reasonable severance packages, as it determines in its sole discretion, to In2itive employees who are not retained for employment with SPSS.
Severance Packages. Dismissal due to organization reasons
Severance Packages. Parent shall work with Company to provide certain employees of the Company who are not offered employment with Parent appropriate severance packages.
Severance Packages. 43 6.13 Termination of 401(k) Plan......................................................... 44 6.14 Financials......................................................................... 44 6.15 D&O Insurance...................................................................... 44