Employment Separation Date definition
Examples of Employment Separation Date in a sentence
You further agree that you will provide your manager with all passwords to P&G electronic communication and data systems before your Employment Separation Date.
Specifically, you agree that you will not, at any time following your Employment Separation Date, attempt to directly or indirectly induce any employee of P&G or its affiliates or subsidiaries to be employed or perform services elsewhere or attempt directly or indirectly to solicit the trade or business of any current or prospective customer, supplier or partner of P&G or its affiliates or subsidiaries.
You acknowledge that, except as expressly provided in this Agreement, you have not earned, and will not receive from the Company, any additional compensation, severance, or benefits on or after the Employment Separation Date, with the exception of any vested right you may have under the express terms of a written ERISA-qualified benefit plan.
You will not accrue any additional vacation following your Employment Separation Date.
After your Employment Separation Date, you will no longer be an active P&G employee, which may affect your coverage under those plans.
Further none of the payments or benefits provided under this Agreement following your Employment Separation Date shall be taken into account as compensation under any ACGI welfare, pension, profit sharing or similar program that bases benefits in whole or in part on compensation received from ACGI.
Under the terms of this Agreement, you also are eligible for P&G retiree healthcare coverage as a Special Retiree by satisfying the Rule of 70 as of your Employment Separation Date.
On your Employment Separation Date, you will receive information regarding your right to elect continuation of your group health and dental insurance coverage under federal law (“COBRA”), which if elected may allow you to continue that insurance coverage for the eighteen (18)-month period following your Employment Separation Date.
If you are not fully-vested in the Procter & ▇▇▇▇▇▇ Profit Sharing Trust and Employee Stock Ownership Plan (“PST”) as of your Employment Separation Date, as soon as administratively practical after your Employment Separation Date, but no later than the March 15th of the year following the year which includes your Employment Separation Date, you will receive a lump sum payment in an amount substantially equivalent to the non-vested credits in your account in the PST.
After accepting this Agreement, and after obtaining your manager’s approval, you may begin utilizing outplacement services on a limited basis prior to your Employment Separation Date, consistent with the needs of the business and your responsibilities to complete and/or transition your work.