Common use of Severance Period Clause in Contracts

Severance Period. For purposes of this Agreement, “Severance Period” means the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than on the twelve (12)-month anniversary of the date of Executive’s termination of employment.

Appears in 18 contracts

Samples: Employment Agreement (TrueCar, Inc.), Employment Agreement (TrueCar, Inc.), Employment Agreement (TrueCar, Inc.)

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Severance Period. For purposes of this Agreement, “Severance Period” means the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than beginning on the twelve (12)-month anniversary of the date of Executive’s termination of employmentemployment with the Company and ending on the date eighteen (18) months later for all reasons other than a termination following a Change of Control. “Severance Period” for a termination following a Change of Control means the period beginning on the date of Executive’s termination of employment with the Company and ending on the date twenty-four (24) months later.

Appears in 2 contracts

Samples: Employment Agreement (Nuance Communications, Inc.), Employment Agreement (Nuance Communications, Inc.)

Severance Period. For purposes of this Agreement, “Severance Period” means the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than beginning on the twelve (12)-month anniversary of the date of Executive’s termination of employmentemployment with the Company and ending on the date eighteen (18) months later for all reasons other than a termination following a Change of Control or for Good Reason. “Severance Period” for a termination following a Change of Control or for a termination by the Executive for Good Reason means the period beginning on the date of Executive’s termination of employment with the Company and ending on the date twenty-four (24) months later.

Appears in 2 contracts

Samples: Employment Agreement (Nuance Communications, Inc.), Employment Agreement (Nuance Communications, Inc.)

Severance Period. For purposes of this Agreement, "Severance Period" means the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than beginning on the twelve (12)-month anniversary of the date of Executive’s 's termination of employmentemployment with the Company and ending on the date eighteen (18) months later.

Appears in 1 contract

Samples: Employment Agreement (Scansoft Inc)

Severance Period. For purposes of this Agreement, “Severance Period” means the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than on the twelve (12)-month anniversary of the date of Executive’s termination of employment.

Appears in 1 contract

Samples: Employment Agreement (TrueCar, Inc.)

Severance Period. For purposes of this Agreement, the “Severance Period” means the shall mean that period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than beginning on the twelve effective date of termination of Executive and until the end of the twelfth (12)-month anniversary of 12) month following the date of Executive’s termination of employmentby the Company without regard to whether Executive does or does not obtain other employment or has other earnings or income from other sources.

Appears in 1 contract

Samples: Employment Agreement (Shiwana, Inc.)

Severance Period. For purposes of this Agreement, “Severance Period” means the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six twelve (612) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than on the twelve (12)-month anniversary of the date of Executive’s termination of employment.

Appears in 1 contract

Samples: Employment Agreement (TrueCar, Inc.)

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Severance Period. For purposes of this Agreement, “Severance Period” means (x) if the Executive’s termination of employment with the Company occurs prior to the first anniversary of the Start Date, the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six eighteen (618) months following such separation date, plus an additional two and (2) months for every fully completed Year of Service; providedy), however, that in all cases if the Severance Period will end no later than on the twelve (12)-month anniversary of the date of Executive’s termination of employmentemployment with the Company occurs on or following the first anniversary of the Start Date, the period of time commencing immediately after Executive’s separation of service from the Company through the date that is twelve (12) months following such separation date.

Appears in 1 contract

Samples: Employment Agreement (TrueCar, Inc.)

Severance Period. For purposes of this Agreement, "Severance Period" means the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than beginning on the twelve (12)-month anniversary of the date of Executive’s 's termination of employmentemployment with the Company and ending on the date eighteen (18) months later for all reasons other than a termination following a Change of Control. "Severance Period" for a termination following a Change of Control means the period beginning on the date of Executive's termination of employment with the Company and ending on the date twenty-four (24) months later.

Appears in 1 contract

Samples: Employment Agreement (Nuance Communications, Inc.)

Severance Period. For purposes of this Agreement, “Severance Period” means (i) the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than beginning on the twelve (12)-month anniversary of the date of Executive’s termination of employmentemployment and ending on the twelve (12) month anniversary of such date in the event that Executive is entitled to receive severance benefits under Section 4(a) of this Agreement or (ii) the period of time beginning on the date of Executive’s termination of employment and ending on the twenty-four (24) month anniversary of such date in the event that Executive is entitled to receive severance benefits under Section 4(b) of this Agreement.

Appears in 1 contract

Samples: Executive Retention Agreement (Arbitron Inc)

Severance Period. For purposes of this Agreement, “Severance Period” means the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, howeverhowever , that in all cases the Severance Period will end no later than on the twelve (12)-month anniversary of the date of Executive’s termination of employment.

Appears in 1 contract

Samples: Senior Executive Employment Agreement (TrueCar, Inc.)

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