Severance Period definition

Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

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Severance Period shall have the meaning set forth in Section 5(b).

Severance Period means the period beginning on the date Executive's employment with Employer terminates under circumstances described in subsection 3(a) and ending on the date 36 months thereafter.

Examples of Severance Period in a sentence

• For purposes of such payments and benefits, the Severance Period shall commence as of the date of the Disability as described in this paragraph “9.D.”.

• Termination of the Executive after the said 120 calendar period shall not be deemed a Termination for Cause (as defined in paragraph “7” above) and shall entitle the Executive to receive the payments and benefits provided by paragraph “7” upon Termination of Employment based upon Executive’s full base salary, and for purposes of such payments and benefits, the Severance Period shall be deemed to commence as of the date of the Termination of Employment resulting under this paragraph “9.B.”.

• Executive may terminate employment for Good Reason (as defined below) and upon execution and delivery by Executive of the Release within the Release Execution Deadline, so long as Executive complies with Executive’s obligations under this Agreement and the Release, Executive will be entitled to receive Severance Payments through the applicable Severance Period.

• Such termination shall not be deemed a Termination for Cause (as defined in paragraph “7” above) and shall entitle the Executive to receive the payments and benefits provided by paragraph “7” upon Termination of Employment based upon Executive’s full base salary, provided that, for purposes of such payments and benefits, the Severance Period shall commence as of the date of the Separation from Service as described in this paragraph “9.C.”, and shall be based upon Executive’s full base salary.

• The Executive’s participation in life, health and dental insurance, disability insurance, and any other benefits (the “Benefits”) provided by H▇▇▇▇▇ to the Executive as of the date of the Termination of Employment shall be continued, or essentially equivalent benefits provided by H▇▇▇▇▇, for the entire Severance Period or until otherwise terminated by the Executive, on the same terms, conditions and costs as if the Executive continued in the employ of H▇▇▇▇▇.

More Definitions of Severance Period

Severance Period means the period following the date of a Qualifying Termination, Death Termination, or Disability Termination, as the case may be, that is equal to: (i) one year, in the event of a Qualifying Termination that occurs during a Change of Control Period; and (ii) six months, in all other cases.

Severance Period means if the Executive’s employment shall be terminated by the Company without Cause or by the Executive’s resignation for Good Reason, the period beginning on the Date of Termination and ending on the first (1st) anniversary of the Date of Termination.

Severance Period means the period commencing on the date of Involuntary Termination and continuing for 24 months thereafter.

Severance Period means the period from the date of termination through the remaining current Term of Employment, or, in the event that Executive receives notification of an Additional Term, the period from the date of termination to the end of the Additional Term; and

Severance Period means the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than on the twelve (12)-month anniversary of the date of Executive’s termination of employment.

Severance Period means the period following a termination of Employment during which a Grantee is entitled to receive both salary continuation payments and continued participation under the health benefit plans of the Company or any of its Affiliates, whether pursuant to a separation agreement or an employment contract with, or a severance plan or other arrangement maintained by, the Company or any Affiliate.

Severance Period means the period of 12 months immediately following the Date of Termination (as defined in Section 3.2(a) below).