Severance Benefit

Example Definitions of "Severance Benefit"
Severance Benefit. (i) in the case of the Executive's Termination of Employment with the Control Group that does not occur within the 24 month period following a Change in Control and such termination is a Termination of Employment by the Company without Cause or by the Executive for Good Reason, 3.0 times the Executive's weekly Salary multiplied by the Executive's Years of Service; provided, however, that the Severance Benefit shall be no less than 52 weeks' Salary; or (ii) in the case of the Executive's... Termination of Employment with the Control Group that occurs within the 24 month period following a Change in Control and such termination is a Termination of Employment by the Company without Cause or by the Executive for Good Reason, 3.0 times the Executive's weekly Salary multiplied by the Executive's Years of Service; provided, however, that the Severance Benefit shall be no less than 3 times his annual Salary. View More
Found in FOOT LOCKER, INC. contract
Severance Benefit. (i) in the case of the Executive's Termination of Employment with the Control Group that does not occur within the 24 24- month period following a Change in Control and such termination is a Termination of Employment by the Company without Cause or by the Executive for Good Reason, 3.0 1.5 times the Executive's weekly Salary multiplied by the Executive's Years of Service; provided, however, that the Severance Benefit shall be no less than 52 weeks' annual Salary; or (ii) in the case of the... Executive's Termination of Employment with the Control Group that occurs within the 24 month 24-month period following a Change in Control and such termination is a Termination of Employment by the Company without Cause or by the Executive for Good Reason, 3.0 2.0 times the Executive's weekly annual Salary multiplied by plus annual bonus at target under the Executive's Years of Service; provided, however, that Annual Incentive Compensation Plan or other annual incentive plan applicable to the Severance Benefit shall be no less than 3 times his annual Salary. Executive. View More
Found in FOOT LOCKER, INC. contract
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Severance Benefit. Any post-termination benefit(s) to be paid by the Bank pursuant to Section 5(a)(ii), Section 5(b)(i), or Section 6 hereof.
Found in SMARTFINANCIAL INC. contract
Severance Benefit. Any post-termination benefit(s) to be paid by the Bank Employer pursuant to Section 5(a)(ii), Section 5(b)(i), or Section 6 hereof.
Found in SMARTFINANCIAL INC. contract
View Variation
Severance Benefit. Benefits payable under the Plan which could be a Basic Severance Benefit or a Supplemental Severance Benefit.
Found in Lockheed Martin Corp. contract
Severance Benefit. Shall mean and include, in addition to the standard rights and benefits described in this Agreement, any or all of the "Termination Severance Benefit" described in subsection 2.2, the "Authorized Retirement Severance Benefit" described in subsection 2.3, and the "Change in Control Severance Benefit" described in subsection 2.4, as the context may dictate.
Found in CareTrust REIT, Inc. contract
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