Severance Arrangements definition

Severance Arrangements means all agreements, plans, contracts, programs, arrangements and policies of the Company or the Bank that provide for the payment or continuation of compensation or benefits to any of their respective current or former directors, officers or employees or consultants on or by reason of or following a termination of employment or cessation of service of such director, officer, employee or consultant with the Company or the Bank.

Severance Arrangements means each Employee Plan that is listed on Schedule 3.11(a) and on Schedule 3.11(u) and is a plan or policy with an Identified Employee, under which Severance greater than the minimum required under applicable Law is payable to an Identified Employee.

Severance Arrangements means (a) each retention agreement set forth in Schedule 1.01(d) and (b) each individual severance agreement set forth in Schedule 1.01(d).

Examples of Severance Arrangements in a sentence

• Unless the provisions of this Section of the Plan are expressly superseded by the provisions in the form of Award Agreement, the provisions of this Section shall apply and shall supersede anything to the contrary set forth in the Award Agreement for a Non-Exempt Award.(b) Non-Exempt Awards Subject to Non-Exempt Severance Arrangements.

• Except as specifically referenced herein, the benefits under this Plan replace and supersede any cash severance benefits payable upon a Covered Termination previously established under Other Severance Arrangements.

• Parent and Buyer acknowledge that the consummation of the Offer shall constitute a "Change in Control") for purpose of the Severance Arrangements.

• Except to the extent set forth herein, in the event of the termination of Employee's employment with Bank, Employee shall make no claim or demand arising or alleged to arise from any severance plan, program, policy or arrangement (including but not limited to the Prior Severance Arrangements) that Bank may have had in effect, may currently sponsor or may hereafter adopt.

• Effective as of the Effective Time, either the Transferred Group Entity shall remain the plan sponsor of Allegion Severance Arrangements or Allegion shall or shall cause another Allegion Entity to assume the Allegion Severance Arrangements.

More Definitions of Severance Arrangements

Severance Arrangements has the meaning ascribed to it in Section 7.4(b).

Severance Arrangements is defined in SECTION 6.12(B).

Severance Arrangements is defined in Section 6.12(b). ---------------

Severance Arrangements means the Kimpton Hotels and Restaurants Severance Policy.

Severance Arrangements is defined in Section 1.4(nnn). ----------------

Severance Arrangements. Description of Securities;" "Shares Eligible" and "Certain Relationships and Related Party Transactions" and "Underwriting" and in the Registration Statement under Items 14 and 15, to the extent that it constitutes matters of law, summaries of legal matters, the Company's charter and by-laws or legal proceedings, or legal conclusions, has been reviewed by us and is correct in all material respects.

Severance Arrangements has the meaning set forth in Section 5.6(c) of the Agreement.