No Severance Benefits Event definition

No Severance Benefits Event means termination of Executive’s employment under the Agreement for Cause.

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No Severance Benefits Event means termination of Executive’s employment by the Partnership (i) for Cause (as defined above) or due to death or (ii) arising from or in connection with the sale of Holding Co. and its subsidiaries, in one transaction or in a series of related transactions, whether structured as (1) a sale or transfer of all or substantially all of the partnership or equity interest of the Partnership and its subsidiaries (including by way of merger, consolidation, share exchange or other similar transaction) or (2) the sale or transfer of all or substantially all of the assets of the Holding Co. and its subsidiaries or (3) a combination of (1) and (2).

No Severance Benefits Event means termination of Executive's employment for Cause (as defined above) or due to death.

Examples of No Severance Benefits Event in a sentence

For example, if the Executive's employment is terminated (other than due to a No Severance Benefits Event or his Disability) nine months after the end of the Term of Employment due to the Company's nonrenewal, he shall be entitled to an Additional Payment pursuant to Section 6(b)(1) that is computed based on 15 months (24 9 = 15) instead of 24 months.
For purposes of clarity, in the event that (i) Executive voluntarily resigns or otherwise voluntarily terminates his own employment during the Term of Employment, except for (A) Good Reason or (B) due to his death or Disability, or (ii) Executive’s employment is terminated due to a No Severance Benefits Event, then, in either such event under clause (i) or (ii), the Company shall have no obligation to provide the severance benefits described in Sections 0 or 0.
In the event that Executive’s employment is terminated due to a No Severance Benefits Event, then the Company shall have no obligation to provide the subsidized COBRA coverage described in Section 0.
For purposes of clarity, in the event that (i) Executive voluntarily resigns or otherwise voluntarily terminates his own employment during the Term of Employment, except for (A) Good Reason or (B) due to his death or Disability, or (ii) Executive's employment is terminated due to a No Severance Benefits Event, then, in either such event under clause (i) or (ii), the Company shall have no obligation to provide the severance benefits described in subsection (i) and (i j) of Section 4.l(b).
For example, if the Employee’s employment is terminated (other than due to a No Severance Benefits Event or his Disability) nine months after the end of the Term of Employment due to the Company’s nonrenewal, he shall be entitled to an Additional Payment pursuant to Section 6(b)(1) that is computed based on 15 months (24 - 9 = 15) instead of 24 months.
For example, if Executive's employment is terminated (other than due to a No Severance Benefits Event) nine months after the end of the Term of Employment due to the Company's nonrenewal, he shall be entitled to an Additional Payment pursuant to Section 6(b) that is computed based on fifteen (15) months (twenty four (24) months - nine (9) months = fifteen (15) months) instead of twenty four (24) months.
For example, if the Employee’s employment is terminated (other than due to a No Severance Benefits Event or his Disability) nine months after the end of the Term of Employment due to the Company’s nonrenewal, he shall be entitled to an Additional Payment pursuant to Section 6(b)(1) that is computed based on 15 months (24 – 9 = 15) instead of 24 months.
For example, if the Executive's employment is terminated (other than due to a No Severance Benefits Event or his Disability) nine months after the end of the Term of Employment due to the Company's nonrenewal, he shall be entitled to an Additional Payment pursuant to Section 6(b)(1) that is computed based on 15 months (24 - 9 = 15) instead of 24 months.
For example, if the Executive’s employment is terminated (other than due to a No Severance Benefits Event or his Disability) nine months after the end of the Term of Employment due to the Company’s nonrenewal, he shall be entitled to an Additional Payment pursuant to Section 6(b)(1) that is computed based on 15 months (24 - 9 = 15) instead of 24 months.
For example, if the Executive’s employment is terminated (other than due to a No Severance Benefits Event or his Disability) nine months after the end of the Term of Employment due to the Company’s nonrenewal, he shall be entitled to an Additional Payment pursuant to Section 6(b)(1) that is computed based on 15 months (24 – 9 = 15) instead of 24 months.

More Definitions of No Severance Benefits Event

No Severance Benefits Event means termination of Executive’s employment by the Partnership for (i) Cause (as defined above) or due to death or (ii) arising from or in connection with the sale of Holding Co. and its subsidiaries, in one transaction or in a series of related transactions, whether structured as (1) a sale or transfer of all or substantially all of the partnership or equity interest of the Partnership and its subsidiaries (including by way of merger, consolidation, share exchange or other similar transaction) or (2) the sale or transfer of all or substantially all of the assets of the Holding Co. and its subsidiaries or (3) a combination of (1) and (2); except, however, it is agreed and understood between the Executive and the Partnership that in the event the Equity Grants (as defined in Section 5(e) of this Agreement) are not established for the Executive, the Executive shall receive the Additional Payment as set out in Section 6(b) of this Agreement at termination under 8(ii) above. Likewise, if the Equity Grants are established for the Executive, the Executive shall not receive or be entitled to the Additional Payment under 8(ii) above.

No Severance Benefits Event means termination of Employee’s employment for Cause (as defined above).

No Severance Benefits Event means termination of Executive’s employment under the Agreement for Cause. 4849-3018-1870 v.4

No Severance Benefits Event means termination of Employee’s employment for Cause (as defined above).