Assurance Period definition
Examples of Assurance Period in a sentence
If the end of the Initial Continuation Period is neither the LTD Eligibility Date nor the date of his death, the Bank shall continue to pay the Officer his base salary, at an annual rate equal to sixty percent (60%) of the annual rate in effect for him immediately prior to the termination of his employment, during an additional period ending on the earliest of the LTD Eligibility Date, the date of his death and the expiration of the Assurance Period.
During the Assurance Period, the Officer’s principal place of employment shall be at the Bank’s executive offices at the address first above written, or at such other location within the City of New York at which the Bank shall maintain its principal executive offices, or at such other location as the Bank and the Officer may mutually agree upon.
The Assurance Period shall be automatically extended for one additional day each day, unless either the Bank or the Officer elects not to extend the Assurance Period further by giving written notice to the other party, in which case the Assurance Period shall become fixed and shall end on the first anniversary of the date on which such written notice is given.
During the Assurance Period, the Officer's principal place of employment shall be at the Bank's executive offices at the address first above written, or at such other location within 50 miles of the address at which the Bank shall maintain its principal executive offices, or at such other location as the Bank and the Officer may mutually agree upon.
During the Assurance Period, the Employee's principal place of employment shall be at the Association's executive offices at the address first above written, or at such other location within a 25-mile radios thereof at which the Association shall maintain its principal executive offices, or at such other location as the Association and the Employee may mutually agree upon.
To this end, the Bank has decided to provide the Officer with assurance that his compensation will be continued for a minimum period of one (1) year following termination of employment (the "Assurance Period") if his employment terminates under specified circumstances related to a business combination.
During the Assurance Period, the Officer's principal place of employment shall be at the Bank's executive offices at the address first above written, or at such other location within the County of Orange at which the Bank shall maintain its principal executive offices, or at such other location as the Bank and the Officer may mutually agree upon.
The Assurance Period shall be automatically extended for one (1) additional year on each anniversary of the commencement of the Assurance Period, unless either the Bank or the Officer elects not to extend the Assurance Period further by giving written notice to the other party, in which case the Assurance Period shall become fixed and shall end on the anniversary of the date on which such written notice is given.
To this end, the Bank has decided to provide the Officer with assurance that her salary will be continued for a minimum period of one (1) year following termination of employment (the "Assurance Period") if her employment terminates under specified circumstances related to a business combination.
To this end, the Bank has decided to provide the Officer with assurance that his salary will be continued for a minimum period of one (1) year following termination of employment (the "Assurance Period") if his employment terminates under specified circumstances related to a business combination.