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.
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
Severance Payments required to be paid pursuant to (A) Section 5(a)(i) shall be paid during the Severance Period in accordance with Section 3(a) and (B) Section 5(a)(ii) shall be paid or reimbursed as when due or incurred by the Executive during the Severance Period in accordance with Section 3, as applicable.
The “Severance Period” shall be nine (9) months; provided, that if the Employee’s Separation from Service occurs during the twelve (12) months following a Change in Control, then the Severance Period shall be twelve (12) months.
The Executive shall promptly notify the Company in writing in the event that other employment is obtained during the Severance Period.
More Definitions of Severance Period
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 commencing on the Date of Termination and ending on the second anniversary of the Date of Termination.
Severance Period means the period of 12 months immediately following the Date of Termination (as defined in Section 3.2(a) below).