Old Severance definition

Old Severance. Program: Teachers nearing the end of their teaching careers may choose the former contract language for early retirement as stated in this Article XV of the master contract. Those choosing this option must do so on a form provided by the School District on or before November 15, 1998. Once the last teacher choosing this option retires, this section will be deleted from the contract.

Examples of Old Severance in a sentence

  • This Agreement constitutes the entire agreement between the parties regarding the subject matter hereof and supersedes and terminates all prior agreements, understandings and representations between the parties with respect to the subject matter hereof, including, without limitation, the Old Severance Agreement which is hereby terminated effective on the date of this Agreement.

  • The Old Severance Agreement is hereby amended, restated and superseded in its entirety as of the date hereof.

  • Severance Pay Plan for Salaried Employees (the “Old Severance Plan”).1 The Old Severance Plan was an employee welfare benefit plan as defined by section 2(1) of the Employee Retirement Income Security Act of 1974 (“ERISA”).

  • It also presents the numbers of students who received a high school diploma or other high school completion credential during the previous school year.

  • He echoed Australia's comments and indicated that the spirit of the EU-US submission on ITC trade principles under the Work Programme was similarly driven by the objective of identifying barriers and problems companies faced when dealing with e- commerce.

  • Shop and Placing Drawings shall be prepared in accordance with "Manual of standard Practice for Detailing Reinforced Concrete Structures" ACI 315-65, current edition.

  • A copy of the summary of the Amended Severance Plan (the “Amended Plan Summary”) is annexed to each Omnibus Objection as Exhibit C.On December 2, 2008, Wellman filed three identical Omnibus Objections to the severance claims.4 One severance claimant, Michael Bermish, appeared pro se on the return date.5 He made several arguments regarding why Wellman should honor the Old Severance Plan, and made one argument that it must.

  • The Company determines its allowance by considering a number of factors, including the length of time patient accounts receivable are past due, and the customer's ability to pay its obligations.

  • If, during the Employment Period ending March 31, 1996, the Executive shall voluntarily terminate his employment for any reason, the Corporation shall pay to the Executive the Old Severance Benefit, less the sum of $150,000 paid to him or for his account pursuant to Section 3(g) hereof, and the Corporation shall have no further obligation to pay the New Severance Benefit to the Executive.

  • You agree that by signing this Offer Letter you waive all rights to the Old Severance and Acceleration Benefits and, for the avoidance of doubt, you acknowledge and agree that no Company equity awards you may be granted, including but not limited to the RSUs, shall be subject to any acceleration pursuant to the Old Severance and Acceleration Benefits.

Related to Old Severance

  • Non-Exempt Severance Arrangement means a severance arrangement or other agreement between the Participant and the Company that provides for acceleration of vesting of an Award and issuance of the shares in respect of such Award upon the Participant’s termination of employment or separation from service (as such term is defined in Section 409A(a)(2)(A)(i) of the Code (and without regard to any alternative definition thereunder) (“Separation from Service”) and such severance benefit does not satisfy the requirements for an exemption from application of Section 409A provided under Treasury Regulations Section 1.409A-1(b)(4), 1.409A-1(b)(9) or otherwise.

  • Termination Benefits means the benefits described in Section 4.1(b).