Severance Benefit Period means the seventy (70) week period following the Termination Date.
Severance Benefit Period means a period of eighteen (18) months following the Termination Date.
Severance Benefit Period means a period of twelve (12) months following the Termination Date.
Examples of Severance Benefit Period in a sentence
If Employee chooses to pursue and accept other employment or consulting during the Severance Benefit Period, Choice shall be entitled to receive as an offset, and thereby reduce its payment under Sections 5(a) and (b), the amounts received by Employee from any other active employment.
More Definitions of Severance Benefit Period
Severance Benefit Period means (1) with respect to a Participant who is the Chief Executive Officer, a period of twenty-four (24) months, (2) with respect to a Participant who is an Executive Officer (other than the Chief Executive Officer), a period of twelve (12) months and (3) with respect to a Participant who is a Key Employee, a period determined by the Committee and set forth in the Participant’s Participation Agreement.
Severance Benefit Period means the period set forth in a Participant’s Participation Agreement that will be used to determine the amount of severance payments and other benefit to be received by a Participant.
Severance Benefit Period means (1) with respect to a Participant who is an Executive Officer, a period of twelve (12) months and (2) with respect to a Participant who is a Key Employee, a period of six (6) months or such longer period as is approved by the Board and set forth in the Participation Agreement.
Severance Benefit Period means the period of time during which Severance Benefits are payable to, or on behalf of, a particular Participant (as applicable), if that Participant otherwise qualifies for Severance Benefits pursuant to the provisions of this Plan.
Severance Benefit Period means the 6 or 12 calendar months following the date of termination of the Executive’s employment, depending on the Executive’s length of service with the Company. Where the Executive’s length of service with the Company is at least 6 months but not longer than 24 months, the “Severance Benefit Period” will be 6 months. Where such length of service is longer than 24 months, the “Severance Benefit Period” will be 12 months.
Severance Benefit Period means the period of time during which Severance Benefits are payable to, or on behalf of, a particular Participant (as applicable), if that Participant otherwise qualifies for Severance Benefits pursuant to the provisions of this Plan, which period of time shall be, unless otherwise agreed to in writing, (i) 12 months with respect to Participants other than the Chief Executive Officer, and (ii) 24 months with respect to the Chief Executive Officer.
Severance Benefit Period means, except as otherwise provided in a Participant’s Participation Agreement, a period of twelve (12) months.