Severed Employee definition

Severed Employee means an Eligible Employee who has incurred a Severance.
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Severed Employee means an Employee who has incurred a Qualifying Termination.
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Severed Employee means an Eligible Employee who incurs a Severance.
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Examples of Severed Employee in a sentence

  • When a payment is due under this Plan to a Severed Employee who is unable to care for his or her affairs, payment may be made directly to his or her legal guardian or personal representative.

  • A Severed Employee is not required to seek other employment or attempt in any way to reduce any amounts payable to the Severed Employee under the Plan.

  • Further, no payment or benefit provided for in this Plan shall be reduced by any compensation earned by the Severed Employee as a result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Severed Employee to the Company or its Affiliates, or otherwise.

  • Each Severed Employee shall be entitled, subject to Section 2.4, to receive the following payments and benefits from the Company.

  • Questions regarding this collection should be directed to: St. John’s Centre, 440 Water St., Peterborough, Ontario, K9H 7K6.Applicant Signature: _ Date: Co-Applicant Signature: Date: Please return completed application and all required documentation to St. John's Centre.

  • Except for the additional service and compensation credit during the Applicable Period, nothing herein is intended to provide the Severed Employee with benefits that exceed the benefits provided to other participants in the applicable post-retirement health care plans, as in effect from time to time.

  • Each Severed Employee shall be entitled, subject to Section 2.2, and subject to the Severed Employee executing a general release of claims in favor of the Company and its Affiliates in a form satisfactory to the Company and such release becoming effective and irrevocable no later than the date that is sixty (60) days following the Severance Date (the “Release Date”), to receive the following payments and benefits from the Company.

  • If the Severed Employee does not satisfy such release requirement, then the Severed Employee shall not be entitled to receive the payments described in Sections 2.1(a), (c) and (d) and the Company shall have no obligation to provide the benefits described in Section 2.1(b) after the end of the month in which the Release Date occurs.

  • The Severed Employee is not required to seek other employment or attempt in any way to reduce any amounts payable to him or her under the Plan.

  • For the purposes of this Section 2.1(a), the amount of the bonus payable to the Severed Employee shall be determined in good faith by the Plan Administrator, whose determination shall be final and binding on the Severed Employee, within 15 days following the end of the month in which the Severance Date occurs.


More Definitions of Severed Employee

Severed Employee means an Employee whose employment is involuntarily terminated by his Employing Company at any time during the two (2) year period following a Change in Control for any reason other than for Cause or who shall voluntarily terminate his employment with his Employing Company for Good Reason at any time during the two (2) year period following a Change in Control. Notwithstanding anything to the contrary herein, a "Severed Employee" shall not include an Employee who:
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Severed Employee means an Employee who has incurred a Severance.
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Severed Employee is any U.S. Continuing Employee (other than any Key Executives for which the Sellers have an obligation to make severance payments pursuant to section 10.2.6 hereof) who is terminated at any time within the one (1) year period commencing on the Closing Date, other than for death, disability or cause, and other than voluntarily, and who executes any release of claims reasonably required under the terms of the applicable severance arrangement in Section 10.2.5(b) and/or by the Buyer. Transfer of employment from one Company to another Company or to an affiliate of the Buyer (if the employee is transferred at substantially the same rate of pay and to a substantially equivalent position) shall not constitute termination for this purpose, unless the transfer presents a personal financial hardship to such employee.
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Severed Employee has the meaning specified in Section 12.2(a)(3).
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Severed Employee means employees who leave Unisys employ for any reason
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Related to Severed Employee

  • Covered Employee means an employee who is a “Covered Employee” within the meaning of Section 162(m) of the Code.

  • Covered employment means employment in a covered position.

  • Covered Employer means the City of Cambridge or a Beneficiary of Assistance.

  • Tipped employee means any employee engaged in an occupation in which s/he customarily and regularly receives more than $30 per month in tips. Tips include amounts designated as a tip by credit card customers on their charge slips. Nothing in this rule prevents an employer from requiring employees to share or allocate such tips or gratuities on a pre-established basis among other employees who customarily and regularly receive tips. Employer-required sharing of tips with employees who do not customarily and regularly receive tips, such as management or food preparers, or deduction of credit card processing fees from tipped employees, shall nullify allowable tip credits towards the minimum wage.

  • Covered Executive means any “executive officer” of the Company as defined under Rule 10D-1.

  • Eligible Executive means any employee of the Company or an Affiliate of the Company who (i) is designated by the Committee as an “Eligible Executive” who is eligible to participate in the Plan; (ii) has executed and returned a Participation Agreement to the Company; (iii) is not covered under any other severance plan, policy, program or arrangement sponsored or maintained by the Company or any of its Affiliates; and (iv) is not a party to an employment or severance agreement with the Company or any of its Affiliates pursuant to which such employee is eligible for severance payments or benefits. The Committee shall have the sole discretion to determine whether an employee is an Eligible Executive. Eligible Executives shall be limited to a select group of management or highly compensated employees within the meaning of Sections 201, 301 and 401 of ERISA.

  • Designated Employee means an employee who has been designated by the school to receive complaints of hazing, harassment and bullying pursuant to subdivision 16 V.S.A. 570a(a)(7). The designated employees for each school building are identified in Appendix A of this policy.

  • Key Employee means any executive-level employee (including, division director and vice president-level positions) as well as any employee who, either alone or in concert with others, develops, invents, programs, or designs any Company Intellectual Property (as defined in the Purchase Agreement).

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Aggrieved Employee means a person employed by Defendant in California and classified as a nonexempt employee who worked for Defendant during the PAGA Period.

  • Covered Employees means all employees and agents of the Company who are responsible for performing, supervising, overseeing, or managing activities related to the maintenance of online political files, as required by the Political Record- Keeping Statute and Rule.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Gainful employment means paid employment for not less than 30 hours in each week for a period of not less than 12 months;

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • Affected employee means an employee who would be affected by the grant or denial of a variance, or any one of the employee’s authorized representatives, such as the collective bargaining agent.

  • Qualified employee means an individual who:

  • Hired Employee has the meaning set forth in Section 6.1.6.

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Section 162(m) Participant means any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.

  • Retired employee means an employee of the state who retired after April 29, 1971,

  • Qualified employment position means a permanent full-time

  • Covered Executives means the Company’s current and former executive officers, as determined by the Administrator in accordance with the definition of executive officer set forth in Rule 10D-1 and the Listing Standards.

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

  • Severance from Employment means severance from employment with the Employer and any Related Entity. However, a Severance from Employment also occurs on any date on which an Employee ceases to be an employee of a public school, even though the Employee may continue to be employed by a Related Employer that is another unit of the State or local government that is not a public school or in a capacity that is not employment with a public school (e.g., ceasing to be an employee performing services for a public school but continuing to work for the same State or local government employer).

  • Non-Highly Compensated Employee means an Employee who is not a Highly Compensated Employee.