Salary Severance definition

Salary Severance means the severance payments set forth in Section 3.
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Salary Severance means the severance payments set forth in Sections 3.a. and 3.b.
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Salary Severance means a Participant’s severance determined in accordance with Section 9.3 or 10.3.
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Examples of Salary Severance in a sentence

  • Other Financial Gains include the value of any additional compensation other than Salary, Severance Payments or Stock Offerings such items as automobiles, trips, jewelry, homes and home furnishings, etc.

  • An amount not to exceed $259,510, which is equal to Employee’s target bonus opportunity representing 50% of the Employee’s annual base salary (the “ Bonus Severance,” and collectively with the Salary Severance, the “Severance Payments”), with the amount of the Bonus Severance to be determined based on the Company’s actual results against the Company’s financial and other corporate goals of the Company’s bonus plan for fiscal year 2019 and provided that bonuses are awarded to other Company executives.

  • Except for any rights which the Senior Officer may have to all of the above including unpaid Accrued Salary, Severance Salary, Vested Incentive Compensation, Vested Options, Expense Reimbursement, the Car Allowance and the Bonus, the Company shall have no further obligations hereunder following such termination.

  • Potential Payments Upon Termination in Connection with a Change in Control Value of Accelerated Equity Awards Salary Severance Bonus Severance Restricted Stock Units Options (1) These amounts reflect the aggregate market value of the unvested shares of our common stock underlying outstanding restricted stock unit awards.

  • Name former member Year Salary Severance STI1 LTI2 PensionCost3Social securityand othercompensation4 TotalJ.C. de Jager (until February 2020)2020112,500-57,92984,11422,0975,813282,4531 Actual STI relates to performance in the current year but paid out in the following financial year.

  • Courtney Lilly, Wayne Prescott, Matthew Prichard, Joseph Roach and Brenda Young shall receive all benefits as stipulated in thecontract of employment and in Board of Education Policy 1415 (Salary, Severance Pay, Fringe Benefits).

  • The student, if in high school, shall be removed from school-sponsored extracurricular activities for the re- mainder of his or her high school eligibility.

  • The Salary Severance shall be an amount equal to the sum of (1) twelve months of Executive’s Base Salary and (2) the Target Bonus.

  • TWO: In return for Executive’s releases under this Release, the Company shall provide the following “Consideration” to Executive:a) The Base Salary Severance defined in the Employment Agreement, which shall be an amount equal to ($xxx, xxx.xx)b) The Prorated Bonus defined in the Employment Agreement, which shall be an amount equal to ($xxx, xxx.xx)c) Company payment of COBRA medical insurance coverage for a period of time as specified in the Employment Agreement.

  • Payments Upon a Change in Control and a Qualifying Termination Name Base Salary Severance ($) Bonus Severance ($) COBRA Continuation ($) Total ($) Brandon C.

Related to Salary Severance

  • Salary as defined in Section 3.1(a).

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Severance Period means the period of time commencing on the date of an occurrence of a Change of Control and continuing until the earlier of (i) the date which is one and one-half years following the occurrence of the Change of Control, and (ii) the Executive's death.

  • Final compensation of a member means:

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.