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.

Severed Employee means an Eligible Employee who incurs a Severance.

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.
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.
The Severed Employee shall be entitled to maintain coverage for himself or herself and his or her eligible dependents at the Severed Employee's own expense for the balance of the period that the Severed Employee is entitled to coverage under COBRA.
Furthermore, for purposes of Employer compensation plans, programs, and arrangements, each Severed Employee shall be considered to have been laid off by the Employer.
The Severed Employee is obligated to inform the Company when or if they become eligible to receive such benefits from another employer.
Nothing herein shall prevent a Severed Employee or eligible dependents of a Severed Employee from electing to receive COBRA continuation coverage of health benefits subject to COBRA, in accordance with the applicable provisions of the law and the applicable plans.
The Severed Employee will advise the Company promptly upon the Severed Employee becoming eligible for medical benefits from another source, and, if such occurs, the Company’s obligation to pay the Severed Employee’s COBRA premiums will cease.
The Severed Employee shall be entitled to maintain coverage for himself or herself and his or her eligible dependents at the Severed Employee’s own expense for the balance of the period that the Severed Employee is entitled to coverage under COBRA.
Severed employees may also continue Executive Life directly through the vendor to be paid for by the Severed Employee.
The Severed Employee will advise the Company promptly upon the Severed Employee becoming eligible for medical benefits from another source, and, if such occurs, the Company's obligation to pay the Severed Employee's COBRA premiums will cease.

More Definitions of Severed Employee

Severed Employee has the meaning specified in Section 12.2(a)(3).

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.

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:

Severed Employee means an Employee who has incurred a Severance.

Severed Employee means employees who leave Unisys employ for any reason