Severance Continuation Period definition

Severance Continuation Period means the 24-month period following the Termination Date.
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Severance Continuation Period means, unless otherwise provided in the Employee’s effective employment agreement with the Company as of the Date of Termination, a period of a number of months following the Date of Termination for each Employee during which certain Severance Payments and Benefits will be provided pursuant to this Policy, as set forth in Annex I hereto.
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Severance Continuation Period means (i) the 24-month period following the Participant’s Termination Date, if he or she is the CEO as of such Termination Date, and (ii) the 12-month period following the Participant’s Termination Date, if he or she is not the CEO as of such Termination Date.
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Examples of Severance Continuation Period in a sentence

  • KRATON may provide such medical benefits by paying Executive’s COBRA continuation coverage through such Severance Continuation Period.

  • KRATON may provide such medical benefits by paying the Executive’s COBRA continuation coverage through such Severance Continuation Period.

  • The Company may provide such medical and dental benefits by paying the Company’s COBRA continuation coverage through such Severance Continuation Period.

  • For a period commencing on the Employee’s Date of Termination until the earlier of (i) the expiration of the Employee’s Severance Continuation Period, (ii) the date of the Employee’s commencement of eligibility for benefits under a new employer's welfare benefit plans, and (iii) the Employee attaining age 65 (such period, the “ Benefit Continuation Period”), the Employee shall be eligible for Benefit Continuation.

  • For a period commencing on the Employee’s Date of Termination until the earlier of (i) the expiration of the Employee’s Severance Continuation Period, (ii) the date of the Employee’s commencement of eligibility for benefits under a new employer's welfare benefit plans, and (iii) the Employee attaining age 65 (such period, the “ CIC Benefit Continuation Period”), the Employee shall be eligible for Benefit Continuation.

  • If Executive’s employment is terminated by KRATON other than for Cause following KRATON’s election not to extend the Employment Term, Executive shall be entitled to (1) at the times set forth in Section 7(a)(iii) hereof, the Accrued Obligations and (2) continuation of Executive’s annual Base Salary during Severance Continuation Period at the same time and in the same manner as if Executive had remained employed by KRATON during such period.

  • The Company’s obligations to provide any such coverage benefits as may be applicable during the Severance Continuation Period shall immediately cease in the event you become eligible for similar alternative coverage from a new employer as may be applicable and you must notify the Company within one (1) week of becoming eligible for such alternative coverage.

  • If Executive’s employment is terminated by KRATON other than for Cause following KRATON’s election not to extend the Employment Term, Executive shall be entitled to receive (1) at the times set forth in Section 7(a)(iii) hereof, the Accrued Obligations and (2) continuation of Executive’s annual Base Salary during the Severance Continuation Period at the same time and in the same manner as if Executive had remained employed by KRATON during such period.

  • Kraton may provide such medical benefits by paying Executive’s COBRA continuation coverage through such Severance Continuation Period.

  • In addition, the Affected Employee’s service under the Transocean International Retirement Plan will be increased by the length of the Severance Continuation Period; provided, however, that such service credit will be limited to the period between the Affected Employee’s Termination Date and Retirement Date.


More Definitions of Severance Continuation Period

Severance Continuation Period means the total number of weeks over which Salary Continuation is payable, and is also used to determine the period of Benefits Continuation. . The Severance Continuation Period will begin: (a) for Salary Continuation, the day following the Eligible Termination; and (b) for Benefits Continuation, the first day of the month following the month in which the Eligible Termination occurs, in both cases subject to the Eligible Employee’s timely execution and return of the release and agreement required by the Plan Administrator.
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Severance Continuation Period means, unless otherwise provided in the Employee’s effective employment agreement with the Company as of the Date of Termination, a period of a number of months following the Date of
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Severance Continuation Period means, for an Eligible Employee, the Eligible Employee’s Severance Factor multiplied by 12 months.
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Severance Continuation Period means the period from Closing through the first anniversary of the Closing Date. Transferred Employees whose terms and conditions of employment are governed under a collective agreement will only be entitled to all severance entitlements provided under that agreement in accordance with applicable Law.
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Severance Continuation Period means the period from the Closing through the nine-month anniversary of the Closing Date.
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Severance Continuation Period means the total number of weeks over which Salary Continuation is payable (for circumstances other than Lump Sum payments) or Benefits Continuation is available. The Severance Continuation Period will begin following the Eligible Termination, subject to the Eligible Employee’s execution and return of the release and agreement required by the Plan Administrator.
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Related to Severance Continuation Period

  • Benefit Continuation Period shall have the meaning set forth in Section 5(b).

  • Benefits Continuation Period has the meaning set forth in Section 6.01(b).

  • COBRA Continuation Period means the continuation period for medical and dental insurance to be provided under the terms of this Agreement which shall commence on the first day of the calendar month following the month in which the date of termination falls and generally shall continue for an 18 month period.

  • Continuation Period shall have the meaning set forth in Section 6.9(a).

  • Severance Period means the period of time commencing on the date of an occurrence of a Change of Control and continuing until the earlier of (i) the date which is one and one-half years following the occurrence of the Change of Control, and (ii) the Executive's death.

  • Severance Term means the six (6) month period following Employee’s termination by the Company without Just Cause (other than by reason of death or Disability) or by Employee for Good Reason; provided, that if such termination occurs within twelve (12) months following a Change in Control, the Severance Term shall be the twelve (12) month period following such termination.

  • Severance Date means the date on which an Eligible Employee incurs a Severance.

  • Severance Amount means:

  • 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)

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

  • Change in Control Benefits means the following benefits:

  • Qualifying Termination means a termination of Executive’s employment (i) by the Company other than for Cause or (ii) by Executive for Good Reason. Termination of Executive’s employment on account of death, Disability or Retirement shall not be treated as a Qualifying Termination.

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

  • COBRA continuation provision means any of the following:

  • Continuation Date means any date on which Borrower continues a LIBOR Advance into another Interest Period.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Covered Termination means the termination of Executive’s employment by the Company without Cause or by Executive for Good Reason, and shall not include a termination due to Executive’s death or disability.

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

  • Date of Termination means the date of receipt of the Notice of Termination or any later date specified therein, as the case may be; provided, however, that (i) if the Executive's employment is terminated by the Company other than for Cause or Disability, the Date of Termination shall be the date on which the Company notifies the Executive of such termination and (ii) if the Executive's employment is terminated by reason of death or Disability, the Date of Termination shall be the date of death of the Executive or the Disability Effective Date, as the case may be.

  • 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.

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

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

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

  • Severance Costs means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of the early termination of any employment contract for service on the Vessel.

  • Severance from Service Date means the earlier of: