Severance Benefit Employee definition

Severance Benefit Employee means an Eligible Executive who:
Sample 1Sample 2Sample 3
Severance Benefit Employee means an Executive Employee who: (i)is designated by the Administrator, in its sole discretion, as a Severance Benefit Employee; (ii)continued to perform all of his or her job responsibilities, in a manner acceptable to the Company, through his or her Separation Date; (iii)ceased to be an employee of the Company on his or her Separation Date solely as a result of the Qualifying Termination; (iv)did not, at any time subsequent to the Company’s decision to terminate the employee receive an offer for continued employment in a Comparable Job; (v)did not, at any time subsequent to the Company’s decision to terminate the employee, receive an offer for employment in a Similar Job, which was in any way arranged for or facilitated by the Company; (vi)prior to the date of the Company’s notification of the termination of employment, did not voluntarily terminate employment or notify the Company of his intention or election to do so at some future date by resignation, failure to appear for work, retirement, or otherwise; (vii)did not make any statements or engage in any actions that directly or indirectly defamed, disparaged, or detracted from the Company’s reputation; damage or destroy any of the Company’s property; or otherwise injure or damage the Company; and (viii)maintained the confidentiality of any and all confidential or proprietary information of the Company at all times during his employment with the Company.
Sample 1
Severance Benefit Employee means an Covered Employee who:
Sample 1

Examples of Severance Benefit Employee in a sentence

  • A Severance Benefit Employee shall receive a cash Severance Benefit equal to the greater of (i) the amount listed on the applicable Exhibit A to this Plan, or (ii) if applicable, the cash severance benefit amount listed in any separate written agreement between the Eligible Executive and the Company.

  • In partial consideration of the Severance Benefit, Employee covenants and agrees that, from and after the date hereof through the date that is two years following the Termination Date, he will not make any statements, whether written or oral, disparaging EnLink or any of its officers, directors, or employees that could reasonably be expected to be harmful to the interests of EnLink.

  • The number of weeks of Severance Benefits provided to a Severance Benefit Employee shall not be considered in calculating his or her entitlement, if any, to vacation, sick leave, bonus, incentive salary, retirement, or other benefits except as is specifically provided in the Company’s other employee benefit plans.

  • A Severance Benefit Employee shall receive such other Severance Benefits as are listed in Exhibit A.

  • A Severance Benefit Employee shall receive such other severance benefits as are listed in Exhibit A.

  • Today’s special meeting is to receive additional information on the 2017-2018 911 budget only.

  • Any Severance Benefit Employee who received a Severance Benefit under the Plan will not have any right to be re-employed by the Employer.

  • Such recovery may be from the Severance Benefit Employee, the Beneficiary, or any insurer or other organization or entity thereby enriched.

  • In order for a Severance Benefit Employee to receive his or her Severance Benefits, the Severance Benefit Employee must sign the Separation Agreement and Release within the particular time period specified in the Separation Agreement and Release, which shall be no later than forty-five (45) days following the Severance Benefit Employee’s receipt of the Separation Agreement and Release or such earlier date as required by the Separation Agreement and Release (such deadline, the “Release Deadline”).

  • The Company and Employer shall have the right to recover any payment made to a Severance Benefit Employee in excess of the amount to which the Severance Benefit Employee is entitled to under the terms of the Plan or if it is later determined that the Severance Benefit Employee was not eligible to receive any payment under the terms of the Plan.

Related to Severance Benefit Employee

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

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 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.

  • Tipped employee means any employee engaged in an occupation in which s/he customarily and regularly receives more than $30 per month in tips. Tips include amounts designated as a tip by credit card customers on their charge slips. Nothing in this rule prevents an employer from requiring employees to share or allocate such tips or gratuities on a pre-established basis among other employees who customarily and regularly receive tips. Employer-required sharing of tips with employees who do not customarily and regularly receive tips, such as management or food preparers, or deduction of credit card processing fees from tipped employees, shall nullify allowable tip credits towards the minimum wage.

  • Salaried Employee means an employee who is not covered by the Fair Labor Standards Act who regularly receives each pay period a predetermined amount constituting all or part of compensation. This base salary cannot be reduced because of variations in the quality or quantity of work performed.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

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

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • Employment benefits means all benefits provided or made

  • Affected employee means an employee who would be affected by the grant or denial of a variance, or any one of the employee’s authorized representatives, such as the collective bargaining agent.

  • Change in Control Benefits means the following benefits:

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

  • Eligible Executive means any employee of the Company or an Affiliate of the Company who (i) is designated by the Committee as an “Eligible Executive” who is eligible to participate in the Plan; (ii) has executed and returned a Participation Agreement to the Company; (iii) is not covered under any other severance plan, policy, program or arrangement sponsored or maintained by the Company or any of its Affiliates; and (iv) is not a party to an employment or severance agreement with the Company or any of its Affiliates pursuant to which such employee is eligible for severance payments or benefits. The Committee shall have the sole discretion to determine whether an employee is an Eligible Executive. Eligible Executives shall be limited to a select group of management or highly compensated employees within the meaning of Sections 201, 301 and 401 of ERISA.

  • Vested Benefits means amounts which are vested or which Executive is otherwise entitled to receive under the terms of or in accordance with any plan, policy, practice or program of, or any contract or agreement with, the Company or any of its subsidiaries, at or subsequent to the date of his termination without regard to the performance by Executive of further services or the resolution of a contingency.

  • Accrued Benefit have the meanings specified in ERISA.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive’s employment for reasonable and necessary expenses incurred by the Executive on behalf of the Employer for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, but subject to any deferral election then in effect, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained at the target level (reduced, but not below zero, by amounts paid under all such contingent bonus or incentive compensation awards upon the Change in Control of the Company to the extent such amounts relate to the same period of time); and (v) all other payments and benefits to which the Executive (or in the event of the Executive’s death, the Executive’s surviving spouse or other beneficiary) may be entitled on the Termination Date as compensatory fringe benefits or under the terms of any benefit plan of the Employer, excluding severance payments under any Employer severance policy, practice or agreement in effect on the Termination Date. Payment of Accrued Benefits shall be made promptly in accordance with the Company’s prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits; provided that payments pursuant to clause (iv)(B) shall be paid on the first day of the seventh month following the month in which the Executive’s Separation from Service occurs, unless the Executive’s Separation from Service is due to death, in which event such payment shall be made within 90 days of the date of Executive’s death.

  • Designated Employee means an employee who has been designated by the school to receive complaints of hazing, harassment and bullying pursuant to subdivision 16 V.S.A. 570a(a)(7). The designated employees for each school building are identified in Appendix A of this policy.

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

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

  • SERP Benefit means the benefit described in Section 5.1.

  • Change in Control Benefit means the benefit set forth in Section 4.1 below.

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

  • Hired Employee has the meaning set forth in Section 6.1.6.

  • Retired employee means an employee of the state who retired after April 29, 1971,