Severance Provisions. The provisions of Sections 9.1 and 9.2 shall be subject to and deemed modified by the terms of any severance benefits granted to EMPLOYEE as provided under Section 7.
Severance Provisions. If the Executive is terminated subsequent to the Effective Date by the Company for anything other than cause, then the Executive shall receive a severance (“Severance”) as follows:
(i) An amount equal to 12 months’ Base Salary, PROVIDED THAT
Severance Provisions. Upon the occurrence of a Triggering Event, as hereinafter defined, Executive shall be entitled to the immediate receipt of all Severance Payments from the Company in accordance with the terms hereinafter set forth:
Severance Provisions. Effective upon the termination of this Agreement, the Employer will be obligated to pay the Executive (or, in the event of death, his designated beneficiary as defined below) only such compensation as is provided in this Section in settlement and complete release of all claims the Executive may have against the Employer. The Executive acknowledges and agrees that the severance benefits of his employment, under this Section 4 shall be the Executive’s sole remedy in the event of a termination of Executive’s employment.
Severance Provisions. The Company may request a signed Release from a Permanent Employee (including a Permanent Part-time Employee) whose employment is terminated under Article 37.00 of this collective agreement. The format of the Release shall be as per Attachment
Severance Provisions. Any administrator who is excessed by the District shall have his/her health insurance coverage continued under the same premium-sharing arrangements for a period of three (3) months, commencing the first (1st) of the month following layoff. At the end of the three (3)- month period, the excessed employee shall have the option of remaining in the group plan by paying one hundred (100%) percent of the premium for an additional nine (9) months unless (s)he is reemployed within the year and is eligible to participate in a group health plan with the new employer.
Severance Provisions. Should any one or more provisions of this CONTRACT be held to be null, void, voidable, or for any reason whatsoever, of no force and effect, such provision(s) shall be construed as severable from the remainder of this CONTRACT and shall not affect the validity of all other provisions of this CONTRACT which shall remain of full force and effect.
Severance Provisions. The following additional provisions govern the payment of severance benefits to Executive in all cases of termination of his employment, except as a result of his death or Disability:
Severance Provisions. The Company agrees that in the event of of one or more employees as a direct result of contracting out, technological change or relocation closure of all or part of the Xxxxxxxx operations, the Company will pay an of week for week of entitlement on Employment Standards legislation as of pro- vided for in the Standards In accepting any severance payment, the relinquishes any and all rights and entitlements due him under the terms of the collective agreement, but will not relinquish any vested rights the terms of retirement plan.
Severance Provisions. (a) The Purchaser shall assume, or cause the Company or one of its Affiliates to assume, the obligations of Seller to provide severance payments and benefits under the arrangements listed on Section 6.04 of the Disclosure Schedule. Seller shall retain responsibility for stay bonus obligations under such arrangements.
(b) Notwithstanding anything contained herein to the contrary, neither the Seller, the Purchaser, nor the Company shall take any action to terminate the employment of any Business Employee on the Closing Date.
