Examples of Severance Payment in a sentence
The Severance Payment will be paid subsequent to the effective date of the Separation Agreement.
This Severance Payment shall be owed only if the Managing Officer executes and, if applicable, does not revoke, a Separation Agreement, including a release of all claims against LACAHSA that is in a form that is reasonably satisfactory to LACAHSA and subject to review as to form by LACAHSA counsel.
This Severance Payment shall not be available if the Managing Officer: (i) does not complete one year of service as the Managing Officer prior to such termination; (ii) is terminated for Cause (as per Sections 6(b) or 7(b) above or Section 9 below); or (iii) voluntarily resigns, quits, or abdicates the Interim CEO (Managing Officer) position for any or no reason.