Cash Severance Benefits means (A) in the case of Severance Benefits payable under Section 5(a) hereof, the cash payments to be made to Executive pursuant to subparagraphs (i), (ii), (iii) and (iv) thereunder, and (B) in the case of Severance Benefits payable under Section 5(b) hereof, the cash payments to be made to Executive pursuant to subparagraph (i) and (ii) thereunder.
Cash Severance Benefits means, except as otherwise provided herein, cash payments made in connection with an Executive Officer’s termination of employment (including to secure an agreement not to compete with the Company, for post-termination consulting services, or to offset any tax liability in respect of any of the foregoing). “Cash Severance Benefits” do not include (a) the payment, vesting, acceleration or other handling of equity-based awards or long-term incentive awards (with an aggregate original vesting schedule of greater than one year whether denominated, payable or paid in equity or cash) granted under the Company’s compensation and benefit plans or awards granted prior to the Executive Officer’s termination of employment; (b) the payment of deferred compensation (including employer retirement income contributions), earned retirement benefits or other vested or accrued employee benefits provided under the Company’s retirement, pension or other employee benefit plans; (c) the payment or provision of perquisites, insurance, disability, health and welfare plan coverage and other non-cash benefits generally available to similarly-situated employees; (d) any interest required to be paid pursuant to the terms of any Company plan or policy between the termination date and the payment date; (e) any unpaid bonus for any previously completed performance or service period; (f) any accrued but unpaid Base Salary or vacation pay through the termination date and reimbursement for any expenses validly incurred prior to the termination date; (g) any payment in respect of the Executive Officer’s cash bonus for the year of termination based on target or actual performance (prorated based on the Executive Officer’s days of service during the annual performance period); (h) any indemnification payments required under the Company’s governing documents; or (i) any payments made in settlement of litigation or claims made against the Company.
Cash Severance Benefits means cash payments:
Examples of Cash Severance Benefits in a sentence
The Cash Severance Benefits payment will be issued within ten (10) business days following the date the Covered Employee’s Release Agreement becomes effective.
Cash Severance Benefits will be prorated based on the number of hours the Covered Employee works on a regularly scheduled basis, as determined by the Institute in its sole discretion.
Employees who receive Cash Severance Benefits and are reemployed by the Institute will be required to repay a portion of their Cash Severance Benefits, if applicable.
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The results indicate that the possibly negative influence of economic growth and the lagged economic growth have on income inequality is not significant.
More Definitions of Cash Severance Benefits
Cash Severance Benefits means cash payments payable to an Executive Officer (i) as a result of the termination of the Executive Officer’s employment, (ii) to secure an agreement of the Executive Officer not to compete with the Company, or (iii) to offset any tax liability relating to the foregoing payments.
Cash Severance Benefits means (A) in the case of Severance Benefits payable under Section 5(a) hereof, the cash payments to be made to Executive pursuant to subparagraphs (i), (ii), (iii) and (iv) thereunder, (B) in the case of Severance Benefits payable under Section 5(b) hereof, the cash payments to be made to Executive pursuant to subparagraph (i) and (ii) thereunder, and (C) in the case of Severance Benefit payable under Section 5(c) hereof, the cash payments to be made to Executive pursuant to subparagraphs (i) and (ii) thereunder.
Cash Severance Benefits means cash payments: (i) in respect of the termination of the Executive Officer’s employment; (ii) to secure an agreement not to compete with the Company; or (iii) to offset any tax liability in respect of any of the foregoing. For the avoidance of doubt, “Cash Severance Benefits” do not include (a) the payment, vesting, acceleration or other handling of equity-based awards granted under stockholder-approved plans or inducement plans or awards prior to the Executive Officer’s termination of employment, (b) payment of deferred compensation, earned retirement benefits or other vested employee benefits, in each case consistent with normal practices, provided under the Company’s retirement or employee benefit plans, (c) the provision of perquisites, insurance, disability, health and welfare plan coverage and other non-cash benefits generally available to similarly-situated employees, (d) any interest required to be paid pursuant to the terms of any Company plan or policy between the termination date and the payment date, (e) any unpaid bonus for any previously completed performance period required to be paid pursuant to the terms of any Company plan or policy, (f) accrued but unpaid Base Salary or vacation pay through the termination date and reimbursement for any expenses validly incurred prior to the termination date or (g) any payment in respect of the Executive Officer’s bonus for the year of termination based on target or actual performance (prorated based on the Executive Officer’s days of service during the annual performance period).
Cash Severance Benefits include cash payments in connection with the termination of the Executive Officer’s employment, or to offset any tax liability relating to such payments. It does not include (a) the payment, vesting, or acceleration of equity-based awards granted under Company equity plans; (b) the payment or provision of perquisites and other employee benefits generally available to similarly-situated employees; (c) any earned, but unpaid bonus for any completed performance period required to be paid under any Company plan or policy; (d) payment of deferred compensation, earned retirement benefits or other vested employee benefits provided under any Company benefit plan or policy; or (e) accrued but unpaid base salary or vacation pay through the termination date.
Cash Severance Benefits means cash payments to an Executive Officer for the Executive Officer’s termination of employment, or to offset any tax liability relating to such termination payments. It does not include: o The payment, vesting or acceleration of equity‐based awards granted under Company equity plans, o The payment or provision of perquisites (flights, security, car allowances, executive physicals, club dues, etc.) and other similar benefits generally available to similarly‐ situated employees, o Any earned but unpaid bonus under any Company plan or policy, o Payment of deferred compensation, 401(k) matching, health savings matching contributions, retirement benefits or other vested employee benefits provided under any Company benefit plan or policy, or o Accrued but unpaid base salary, or vacation pay or expense reimbursements as of the termination date. • The Compensation Committee of the Board is responsible for administering this Policy, including but not limited to, full authority to enforce and interpret this Policy.
Cash Severance Benefits means cash payments: (i) in respect of the termination of the Executive Officer’s employment; (ii) to secure an agreement not to compete with the Company; or (iii) to offset any tax liability in respect of any of the foregoing and, for the avoidance of doubt, do not include (a) the grant, payment, vesting, acceleration or other handling of long-term incentive awards granted under the Company’s equity plans, including without limitation the 2017 Incentive Compensation Plan of CVS Health Corporation, in each case as each plan is amended from time to time or any successor plan, (b) payment of deferred compensation, earned retirement benefits or other vested employee benefits, in each case consistent with normal practices, provided under the Company’s qualified or nonqualified retirement plans or employee benefit plans, (c) the provision of perquisites, insurance, disability, health and welfare plan coverage, outplacement or retraining and other non-cash benefits generally available to similarly-situated employees,
Cash Severance Benefits means cash payments: (i) in respect of the termination of the executive officer’s employment; (ii) to secure an agreement not to compete with the Company; or (iii) to offset any tax liability in respect of any of the foregoing. For the avoidance of doubt, “Cash Severance Benefits” do not include (a) the payment, vesting, acceleration or other handling of equity-based awards granted under stockholder-approved plans prior to the executive officer’s termination of employment,