Severance Schedule definition

Severance Schedule means the applicable schedule attached as an appendix to this Plan, as such schedule may be modified from time to time by the Administrator, that describes the Severance Benefits and Supplemental Severance Benefits that an Employee may be entitled to receive pursuant to this Plan.
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Severance Schedule has the meaning set forth in Section 9.6(d)(i).
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Severance Schedule means the applicable schedule attached as an appendix to this Plan, as such schedule may be modified from time to time by the Administrator, that describes the Severance Benefits and Supplemental
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Examples of Severance Schedule in a sentence

  • In addition, an Eligible Employee shall be entitled to certain welfare benefits and enhanced retirement benefits in accordance with the Severance Schedule.

  • An Eligible Employee shall be entitled to severance benefit payments in accordance with the Severance Schedule attached hereto.

  • In exchange for the promises and/or covenants of Employee contained herein, subject to the provisions contained within this Agreement, Employer shall pay to Employee the severance benefits set forth on the Severance Schedule (the “Severance Benefits”).

  • The RIAs refer to “standard Severance in accordance to the severance schedule associated with the closure of this facility.” The Gimpel employees also assert that the only severance schedule of which they were aware, and the schedule upon which their claims for breach of contract damages are based, was the West Gulf Bank Severance Schedule.

  • If the employment of any employee of the Company or any of its Subsidiaries is terminated within twelve (12) months following the Closing, the Purchaser shall pay (or cause the Surviving Corporation to pay) such employee a severance benefit that shall in no event be less than, or paid later than, the severance benefit, if any, to which such employee would have been entitled pursuant to the severance practice set forth on the attached Severance Schedule.

  • In the event that any Continuing Employee is terminated by Buyer or its Affiliates (including the Company Group following the Closing) without cause on or within the twelve (12) month period immediately following the Closing, Buyer agrees that it shall cause the Company Group or its Affiliates to provide severance to such Continuing Employee as set forth on the Continuing Employee Severance Schedule attached hereto.

  • For the individuals identified in the Severance Schedule as "Group 3" through "Group 6" (the "Other Management"), and provided they agree to remain through the Interim Period, the severance rights they will be entitled to shall be those set forth in the Severance Schedule.

  • The amount of a scholarship under para- graph (1)(B) shall be based on the amount of need of the scholarship recipient for finan- cial assistance, as determined in accordance with part E of subchapter IV.

  • An Eligible Employee may elect to receive Severance Benefits in the form of a lump sum cash payment to be made as soon as practicable following Termination Based on Employer Action or in a specified number of periodic payments as provided in the Severance Schedule.

  • Thus, the employees argue that the severance payments promised in both types of agreements were to be paid according to the West Gulf Bank Severance Schedule, which, they contend, was an independent document not related to Tyco’s ERISA Severance Plan.Tyco, however, contests the Gimpel employees’ interpretation of the terms of their agreements, and it argues that the trial court’s findings of fact andconclusions of law on this point are not supported by legally and factually sufficient evidence.

Related to Severance Schedule

  • Severance means the complete separation and dismemberment of the part from the body.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Severance Agreement means the Amended and Restated Key Executive Severance Agreement, dated as of the date hereof, between the parties, as it may be amended from time to time, that provides for certain benefits related to termination of the Executive’s employment that are unrelated to a Change of Control.

  • Severance Term means the twenty-four (24) month period following Executive’s termination by the Company without Cause (other than by reason of death or Disability) or by Executive for Good Reason.

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 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.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Severance Benefit means the payment of severance compensation as provided in Article III.

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

  • Change in Control Benefits means the following benefits:

  • Employment benefits means all benefits provided or made

  • 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 Plan means any severance plan maintained by the Company that is applicable to the Participant.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • 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)

  • CIC Severance Plan means the Company’s Change in Control Severance Plan, as may be amended from time to time, or any successor plan, program or arrangement thereto.

  • Severance Amount means (A) for any Termination other than during a Covered Period, an amount equal to one hundred percent (100%) of Executive’s then-current Annual Base Salary as of the respective Termination; or (B) for a Termination during a Covered Period, an amount equal to two hundred percent (200%) of Executive’s Base Compensation as of the respective Termination.

  • Severance Costs means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of the early termination of any employment contract for service on the Vessel.

  • Employment Agreement means any employment, severance, retention, termination, indemnification, change in control or similar agreement between the Company or any of its Subsidiaries, on the one hand, and any current or former employee of the Company or any of its Subsidiaries, on the other hand.

  • Deferred Compensation Agreement means an agreement to participate and to defer compensation between a Participant and the Company in such form and consistent with terms of the Plan as the Company may prescribe from time to time.

  • CIC means the Construction Industry Council.

  • Severance Multiple has the meaning set forth on the first page of the Agreement.

  • Severance Multiplier means, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination occurs within the two (2) year period following a Change in Control, the Severance Multiplier shall instead equal 2.

  • Executive Severance Plan means the Company’s Senior Executive Employee Severance Pay Plan, as in effect from time to time.