Severance Pay Benefit definition

Severance Pay Benefit means a benefit provided by the Plan, as determined pursuant to Section IV.
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Severance Pay Benefit means the benefit payable pursuant to Section 3.1, except as otherwise provided in a written agreement between the Eligible Employee and the Company.
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Severance Pay Benefit means the benefit that an Employee is entitled to receive pursuant to Article 2 of the Plan.
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Examples of Severance Pay Benefit in a sentence

  • For the avoidance of doubt, the Company shall provide you with payments attributable to Severance Pay, Benefit Programs, Insurance Program, Fringe Benefit Programs and Bonus referred to above, respectively, in Sections 1.a., 1.b., 1.c., 1.d. and 1.e., immediately from and after the Effective Date through August 24, 2014 if and to the extent the taxable amounts of any such payments that do not qualify for as a “short-term deferral” within the meaning of Tres.

  • In addition, in the event that a Participant has attained age 50 years prior to his or her Employment Termination Date, the Participant shall be eligible to receive an additional Severance Pay Benefit of four (4) weeks of Base Pay, subject to the other applicable conditions of this Section 4, and subject to the applicable maximum Severance Pay Benefits in subparagraph (a) or (b) above, whichever is applicable to the Participant.

  • All remaining unused personal business days would be applied to the Terminal Severance Pay Benefit as described in Article IX.

  • Following the Effective Time and for eighteen months thereafter, Parent or its Subsidiaries shall cause the Covered Employees who are employed as of the Effective Time to be covered by the Company’s Previously Disclosed Severance Pay Benefit Policy, based on such Covered Employee’s compensation and benefits as of immediately prior to the date of termination (or, if greater, based on such Covered Employee’s compensation and benefits with the Company immediately prior to the Effective Time).

  • In the event of a Participant’s death before the Participant receives all of the Severance Pay Benefits to which the Participant otherwise would be entitled under the Plan, payment of the Participant’s Severance Pay Benefit shall be made in a lump sum to the Participant’s surviving spouse, if any, or if there is no surviving spouse, to the Participant’s estate (if any).

  • Severance Pay Benefit Plan for Landerhaven Headquarters Employees (exempt and non-exempt), and the severance pay provisions of paragraph 4 of the employment agreements with A.

  • Similarly, your eligibility to receive a Severance Pay Benefit is subject to disqualification as authorized under the Plan, including but not limited as per Section IV(a) of the Plan.

  • Notwithstanding anything to the contrary in this Section 2.2, an Employee’s Severance Pay Benefit shall not exceed six (6) Months’ Pay.

  • This Section 8.2(c) shall be in lieu of all benefits of the Severance Plan under the caption "Severance Pay Benefit -- Standard".

  • For the avoidance of doubt, the Company shall provide you with payments attributable to Severance Pay, Benefit Programs, Insurance Program, Fringe Benefit Programs and Bonus referred to above, respectively, in Sections 1.a., 1.b., 1.c., 1.d. and 1.e., immediately from and after the Effective Date through April 1, 2014 if and to the extent the taxable amounts of any such payments that do not qualify for as a “short-term deferral” within the meaning of Tres.


More Definitions of Severance Pay Benefit

Severance Pay Benefit means the benefit payable pursuant to Section 3.1.
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Related to Severance Pay Benefit

  • Severance Benefit shall have the meaning set forth in Section 4.7(a)(i) herein.

  • 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 Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Change in Control Benefit means the benefit set forth in Section 4.1 below.

  • 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)