Severance Pay definition

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.

Severance Pay means the payment determined pursuant to Section 2.1 hereof.

Severance Pay means the amounts payable as set forth in Section 5(a).

Examples of Severance Pay in a sentence

• Severance pay shall not be paid in the event that the employee resigns, quits, dies, or if the employee is terminated for just cause.

• Such employees will be covered by all terms of the CBA, including, but not limited to, just cause protections, healthcare benefits, 401K, expense reimbursements, and parental leave (under the terms of the policy), with the exception of the following: 7.1 (Severance pay - short-term temporary employees, hired for less than six (6) months are ineligible for severance), and 14.3 (Guild Leave).

• Severance pay will be paid in the following manner: (Under the Canada Labour Code or this Article, whichever is the greater).

• Severance pay shall be paid at twice the individual's monthly rate, or portion thereof, for the period by which the notice is deficient.

• Severance pay shall be computed based on the Treasurer’s rate of pay at the time of retirement, exclusive of supplemental contracts, extended service, overtime service, overtime or any other extra compensation.

More Definitions of Severance Pay

Severance Pay means the amount, if any, payable under Section 4 of the Plan to an Eligible Employee.

Severance Pay means compensation in addition to regular salaries and wages that is paid by a school to an employee whose employment is being terminated.

Severance Pay has the meaning set forth in Section 6(b)(i).

Severance Pay means the sum payable as set forth in Section 3.1 of the Plan.

Severance Pay means the sum payable to a Covered Employee upon Termination of Employment as set forth in Section 3.1 of the Plan.

Severance Pay shall only mean the Executive's base salary at the Severance Rate.

Severance Pay means Severance Allowance as provided in Section 3(a) and Exhibit A plus Alternate AIP Award or Alternate SIP Award, as applicable, as provided in Section 3(c) and (d).