Severance Date means the date on which an Executive incurs a Severance, which shall be the date of termination as determined under Section 5.2.

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

Severance Date means the date on or after the date of the Change in Control on which an Eligible Employee incurs a Severance.

Examples of Severance Date in a sentence

The Executive agrees to resign, on the Severance Date, as an officer and director of the Company and any Affiliate of the Company, and as a fiduciary of any benefit plan of the Company or any Affiliate of the Company, and to promptly execute and provide to the Company any further documentation, as requested by the Company, to confirm such resignation.
In the case of a termination for Cause, the Option shall terminate on the Severance Date.
The Executive further agrees that the applicable period of time any Restrictive Covenant is in effect following the Severance Date, as determined pursuant to the foregoing provisions of this Section 6, shall be extended by the same amount of time that Executive is in breach of any Restrictive Covenant.
The Option, to the extent not exercisable on the Severance Date, shall terminate.
In other cases, the Option, to the extent not exercisable on the Severance Date, shall terminate.

More Definitions of Severance Date

Severance Date means the earlier of:

Severance Date means the final day of employment with the Employer which date shall be communicated in writing by the Employer to the Employee.

Severance Date means the date on which an Eligible Employee’s Severance Event takes place.

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

Severance Date means the earlier of (a) the date an Employee quits, retires, is discharged or dies, or (b) the last day of an authorized leave of absence, or if later, the first anniversary of the date on which an Employee is first absent from service, with or without pay, for any reason such as vacation, sickness, Disability, layoff or leave of absence.

Severance Date means the date on which the Executive’s employment with the Company and its subsidiaries terminates for any reason (whether or not as a result of a Qualifying Termination).

Severance Date means the date on which the Executive incurs a Severance.