Special Severance Period definition

Special Severance Period means the period (i) beginning on April 1, 2015; and (ii) ending on the earlier of (A) the effective date of a Change of Control or (B) March 31, 2017.
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Special Severance Period means the period (i) beginning on the date (the “Commencement Date”) that a new Person (other than a Person who was employed by any EXCO Party as of the Effective Date of this Agreement) is hired as Chief Executive Officer of EXCO; and (ii) ending on the earlier of (A) the effective date of a Change of Control or (B) the date that is two years following the Commencement Date.
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Special Severance Period means a period of time, commencing on the Termination Date, equal to two months for each calendar year through which the Employee shall have been employed hereunder; provided however, that in no event shall such period have a total duration of less than one year from the Termination Date or more than two years from the Termination Date; and provided, further, that in no event shall such period have a total duration of less than the severance period applicable under Section 7.2(b) above.
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Examples of Special Severance Period in a sentence

  • Each Covered Employee whose employment is terminated after the Special Severance Period shall be eligible to participate in Purchaser’s regular separation and severance pay programs on the same terms and conditions as other similarly-situated employees of Purchaser.

  • The Special Severance Payments will cease on the date of the earlier of: (a) the date one year after the date of my termination of employment; or (b) the date on which I obtain new employment not in conflict with this Agreement (the "Special Severance Period").

  • For the avoidance of doubt, nothing in this letter agreement shall limit your rights under the Severance Policy in the event the Company were to terminate your employment for any reason other than for Cause on or at any time during the twelve (12)-month period following a Change in Control that occurs following completion of the Special Severance Period.

  • The Executive shall continue to vest in all unvested stock awards outstanding as of the date of termination of the Executive’s employment as if the Executive's employment had continued during the Special Severance Period and all stock options held by the Executive and outstanding as of the date of termination of Executive’s employment shall remain outstanding as if the Executive's employment had continued during the Special Severance Period.

  • Without limiting the generality of the foregoing, it is specifically provided that the Executive shall not accrue additional benefits under any pension plan of the Corporation (whether or not qualified under Section 401(a) of the Internal Revenue Code of 1986, as amended) during the Special Severance Period.

  • You will be eligible during the first ninety (90) calendar days of your employment with the Company (with employment commencing on the Closing) (the “Special Severance Period”) for a Special Severance Payment, payable only in the event that the Company terminates your employment during the Special Severance Period without “Cause” (as defined below) and not on account of your death, “Disability” (as defined below) or for Cause.


More Definitions of Special Severance Period

Special Severance Period means the period specified in Section 8(g) below.
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Special Severance Period means a period of time, commencing on the Termination Date, equal to six (6) months for each calendar year through which the Executive shall have been employed by the Employer; provided, however, that in no event shall such period have a total duration of less than the severance period applicable under Section 7.2(b) above. At the Executive’s option, any payment to which he is entitled under this section will be paid in a single lump sum within thirty (30) days after the Termination Date, or may be paid out in payments on a monthly, quarterly, annual, or other periodic basis as selected by the Executive. Any payments due or benefits owed to the Executive by the Employer under this Section 7.3(c) shall be paid or made available by the Employer to the Executive’s legal representative or heirs, as the case may be, upon the Executive’s death or Disability.
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