Severance Payments definition

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

Severance Payments means those payments and benefits described in Section 6.1 hereof.

Severance Payments means the payments provided for in Articles 2 and 3 hereof;

Examples of Severance Payments in a sentence

• In such event, the Severance Payments shall be reduced in the following order: (1) cash payments not subject to Section 409A of the Code; (2) cash payments subject to Section 409A of the Code; (3) equity-based payments and acceleration; and (4) non-cash forms of benefits.

• In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein.

• In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein.

• Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term.

• In that event, the Company shall have no obligation to make any further Severance Payments.

More Definitions of Severance Payments

Severance Payments means those payments described in Section 3.2 hereof.

Severance Payments means those payments described in Section 10.1 hereof.

Severance Payments shall have the meaning set forth in Section 3(b)(ii).

Severance Payments is defined in Section 8.4 above.

Severance Payments means the portion of payment, which is awarded for the (premature, initiated by employer) termination of the employment or service agreement. Rules or the use of Severance Payments applies as set out for the respective locations and/or categories of employees as applicable from time to time, e.g. legal entitlements, internal guidelines or works council agreements.

Severance Payments means the payments set forth in Section 2.2(a) below.

Severance Payments means those payments described in Section 5 --------- -------- of this Agreement.