General Severance Plan definition
Examples of General Severance Plan in a sentence
If a Participant becomes entitled to receive the benefits under both this Plan and the General Severance Plan (a “Dual Participant”), the benefits provided under this Plan shall be adjusted in the manner described in this Article X.
All determinations of regarding entitlement to benefits described in the General Severance Plan shall be made in accordance with the terms set forth in the General Severance Plan.
The Committee and the Plan Administrator under this Plan may, in their sole discretion, consult with any one or more individuals who are involved in the administration of the General Severance Plan in connection with making any determinations regarding the Severance Benefits to be provided under this Plan.
The provisions of this Plan shall not preclude a Dual Participant from receiving an option to continue medical coverage under the terms and conditions as may then be made available to such Dual Participant (or his or her surviving covered dependents) under the terms of the General Severance Plan (currently set forth in Section 3.3 of the General Severance Plan).
Amended and Restated Executive Change-in-Control and General Severance Plan for Tier I and Tier II Executives” (the “Plan”).
Notwithstanding the foregoing, in accordance with Article 6.2 of the Executive General Severance Plan to have any dispute or controversy arising under or in connection with the Plan settled by arbitration, subject to the limitations set forth in Article 6.2.
Xxxxxx or Xxxxxx Bank, whichever is applicable, hereby expressly assumes at the Effective Time the Cohoes Officer Severance Plan, the Cohoes General Severance Plan, the Cohoes Option Plan, the Cohoes Recognition Plan, and every such employment (subject to the foregoing provisions) and change in control severance agreement which by its terms requires express assumption by a successor.
Notwithstanding the foregoing, (i) the Employment Period shall terminate immediately upon Executive’s resignation (with or without “Good Reason,” as defined in the Company’s Executive Change in Control and General Severance Plan, as in effect from time to time (the “Severance Plan”)), death or Disability (as defined herein) or (ii) the Employment Period may be terminated by the Company at any time prior to such date for “Cause” (as defined in the Severance Plan) or without Cause.
Notwithstanding the foregoing, in accordance with Article 6.2 of the Executive General Severance Plan dated November 2006 (the “Plan”), the Parties shall have the right and option (in lieu of litigation) to have any dispute or controversy arising under or in connection with the Plan settled by arbitration, subject to the limitations set forth in Article 6.2.
The Contractor shall take all necessary precautions to ensure the safety of passersby, employees, and visitors on, about or adjacent to the Project Site.