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Severance Benefits definition

Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.
Severance Benefits shall have the meaning set forth in Section 8(g) hereof.
Severance Benefits means your benefits under Section 6 of this Agreement.

Examples of Severance Benefits in a sentence

  • For the avoidance of doubt, it is intended that payments of the Severance Benefits set forth in this Agreement satisfy, to the greatest extent possible, the exemptions from the application of Section 409A provided under Treasury Regulation Sections 1.409A-1(b)(4), 1.409A-1(b)(5) and 1.409A-1(b)(9).

  • The Executive may designate one or more persons or entities as the primary and/or contingent Beneficiaries of any Severance Benefits owing to the Executive under this Agreement.

  • It is intended that each installment of the Severance Benefits payments provided for in this Agreement is a separate “payment” for purposes of Treasury Regulation Section 1.409A-2(b)(2)(i).

  • In no event will the Severance Benefits be paid or provided until the Release becomes effective and irrevocable.

  • For the avoidance of doubt, Executive’s sole and exclusive remedy upon a termination of employment with Good Reason shall be receipt of the Severance Benefits.


More Definitions of Severance Benefits

Severance Benefits means the compensation and other benefits that the Participant will be provided in the circumstances described in Section 4.
Severance Benefits has the meaning assigned to such term in Section 3 hereof.
Severance Benefits means Severance Benefits described in Section 4.3.
Severance Benefits are defined as:
Severance Benefits means the payments and benefits payable to the Executive pursuant to Section 5.
Severance Benefits means the benefits described in Section 2.1 of this Agreement, as adjusted by the applicable provisions of Section 9.1 of this Agreement.
Severance Benefits means the benefits contemplated by Section 3.4 of this Agreement.