Severance Award definition

Severance Award means any Award referred to as a Severance Award in the Award Statement.
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Severance Award means any Award referred to as a Severance Award in the Award Statement. The definition of “Award” in Rule 2 is replaced with the following provision:
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Severance Award means the amount Early Date" means the date In
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Examples of Severance Award in a sentence

  • For example, takeovers may eliminate duplicative activities or discipline inefficient management, which may adjust the employment level to a more optimal level.

  • The insurance in respect of a pensioner shall automatically terminate upon the date he/she becomes ineligible for the payment of a pension pursuant to the terms of the Pension Plan and Severance Award Agreement entered into by the parties hereto on the 23rd day of July, 2006.

  • Pursuant to the Severance Award Agreement and following the termination of Mr. Alexander's employment, he will be entitled to receive (at the Company's option) 25,000 shares of the Company's common stock or the then-fair market value of the shares.

  • Save as to the Pension Plan and Severance Award Agreement, the Health and Life Insu- rance Agreement, and the Supplemental Unem- ployment Benefits Plan signed between the same parties, this Collective Labour Agreement constitutes the entire one between Employer and the Union; it shall remain in force from the day of to of .

  • Any such employee who has fifteen or more years of credited service will be awarded a Severance Award of two week’s average pay for each year of service.

  • Severance Award Any bargaining unit member who is at least sixty (60) years of age and retires from the District with at least 15 continuous years of service will receive a severance bonus equal to $80 for each year of continuous service in the District.

  • Mahadeo, 226 F.3d at 10 (“[W]e are able to avoid these serious constitutional concerns because we conclude that IIRIRA’s permanent rules lack the clear statement of the congressional intent necessary to eliminate habeas review.”).

  • Employees retired on Severance Award will have life insurance of two thousand dollars paid by the Company and carried in effect until death.

  • The accrued retirement obligations are determined by independent actuaries and includes both the Severance Award Program and the Supplemental Retirement Plan.

  • Therefore, the plaintiff filed the suit for specific performance of the agreement.

Related to Severance Award

  • Severance Benefit means the payment of severance compensation as provided in Article III.

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

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Change in Control Benefits means the following benefits:

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Employee Award means the grant of any Option, SAR, Stock Award, Cash Award or Performance Award, whether granted singly, in combination or in tandem, to a Participant who is an Employee pursuant to such applicable terms, conditions and limitations as the Committee may establish in order to fulfill the objectives of the Plan.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Performance Award Agreement means a written agreement between the Company and a Holder with respect to a Performance Award.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Severance means the complete separation and dismemberment of the part from the body.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Retention Bonus means the amount equal to:

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Service Award means any Court ordered payment to Plaintiff for serving as Class Representative, which is in addition to any payment due to Plaintiff as a Settlement Class Member.