Examples of Executive Severance in a sentence
Executive Severance and Change in Control Plan, but only to the extent applicable to you as an eligible participant in such Plan.
Upon any Termination of Employment entitling the Employee to payments under this Agreement, the Employee shall receive all accrued but unpaid salary and all benefits accrued and payable under any plans, policies and programs of the Company and its Subsidiaries or Affiliates, provided that the Employee shall not receive severance benefits under the Executive Severance Plan or any other severance plan of the Company or a Subsidiary or Affiliate.
If the Executive receives the Executive Severance (including the amount referred to in Paragraph 1(d)(ii)), the Executive shall not be entitled to an ICP award for the calendar year of Termination if Termination occurs during the first calendar quarter.
The claim should be sent to the attention of the Plan Administrator of the Executive Severance Plan at the address set forth for Umpqua in Section 20.
Even if the Executive receives the Executive Severance (including the amount referred to in Paragraph 1(d)(ii)), if Termination occurs during or after the second calendar quarter, the Executive shall also be entitled to a prorated ICP award for the calendar year of Termination which shall be determined by multiplying his or her then current ICP standard by a fraction the numerator of which is the number of weeks in the calendar year prior to the Termination and the denominator of which is 52.