Basic Severance definition

Basic Severance means payment of (1) any Base Salary earned but unpaid as of the Termination Date; (2) any business expenses incurred but not reimbursed under Section 5 as of the Termination Date; and (3) payment in lieu of any vacation accrued under Section 7 but unused as of the Termination Date.

Basic Severance is defined in Section 2.8(b).

Basic Severance means two weeks of base pay for each full year of service by the employee with the Contributor or any Affiliate (or predecessors of either, to the extent service therefor is credited by the Contributor), subject to a 52 week maximum and a 12 week minimum; provided, however, that with respect to any employee who has an employment agreement that contains provisions providing for one or more payments in the event of a change in control of the Contributor, "Basic Severance" means up to 52 weeks of base pay notwithstanding the employee's years of service.

Examples of Basic Severance in a sentence

• Basic Severance Pay (multiply amount on line 2 by number on line 3a--Adjusted Years of Service) = line 5.

• Basic Severance Pay (multiply amount on line 2 by number on line 3a-- Adjusted Years of Service): = Line 5.Age Adjustment Factor (if your age is above 40, look your age up on the “Age Table and Factors” chart in subparagraph K of this exhibit.Enter the “factor” number shown.).

• Basic Severance Pay (multiply amount on line 2 by number on line 3a -- Adjusted Years of Service): = $27,736Line 5.

• Basic Severance Pay (multiply amount on line 2 by number on line 3a--Adjusted Years of Service) = $27,736line 5.

• Subject to the Executive providing the Company with a Full Release, in lieu of any further compensation for periods subsequent to the Termination Date, the Company will pay the Executive Basic Severance Pay and Additional Severance Pay.

More Definitions of Basic Severance

Basic Severance means payment of (1) any Base Salary earned but unpaid as of the Termination Date; (2) any business expenses incurred but not reimbursed under Section 5 as of the Termination Date; and (3) payment in lieu of any vacation accrued under Section 7 but unused as of the Termination Date. The Employer shall pay or provide you when due (a) any Base Salary earned but unpaid as of the date of your termination, (b) any business expenses incurred but not reimbursed under Section 5 as of the date of your termination, and (c) payment in lieu of any vacation accrued under Section 7 but unused as of the date of your termination

Basic Severance means a severance payment of not less than 24 weeks.

Basic Severance means (A) payment of Severance Pay from the date immediately following the Termination Date to and including the date immediately preceding the fourth anniversary of the Employment Date, and (B) immediate vesting of all unvested Stock Options previously granted to the Executive pursuant to Section 4 of this Agreement. Any Stock Options with respect to which vesting is accelerated pursuant to this Section 13(f)(i) shall be exercisable within ninety (90) days of the date of acceleration.

Basic Severance means (1) payment of any Base Salary earned but unpaid at the Termination Date;

Basic Severance means payments and benefits on account of a Participant’s Separation from Service, other than during a Change in Control Period; “Change in Control Severance” means payments and benefits on account of a Participant’s Separation From Service during a Change in Control Period.

Basic Severance means a severance payment according to the severance pay formula as set forth in Schedule 2.8(b). The Contributors shall remain responsible for all severance and other compensation or payment to Non-Plant Employees who do not become

Basic Severance means (1) payment of any Base Salary earned but unpaid at the Termination Date; (2) provision of benefits (e.g. insurance) to the Termination Date (3) any business expenses incurred but not reimbursed under Clause 6 at the Termination Date; and (4) payment in lieu of any holiday accrued under Clause 7 but unused at the Termination Date. Payments under (1), (3) and (4) above shall be made within 28 days of the Termination Date, except that any business expense reimbursement shall be paid in accordance with Activision Blizzard’s then-current policy.