Severance Benefit

Severance Benefit. Shall mean all Compensation provided for under Section 7 through the remainder of the Executive's term of employment, it being the parties' intent that, except for a termination under Section 9(c), (f) or (g), the Executive shall receive all Compensation as if his term of employment continued as provided for under Section 4.

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

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.

Severance Benefit. Shall mean the benefits payable in accordance with Section 6 of this Plan. For purposes of this Plan, a "Qualifying Termination" shall occur only if a Change in Control occurs and (a)within twenty-four months after the Change in Control occurs, the Company terminates the Participant's employment other than for Cause; or (b)(i) within twenty-four months after the Change in Control occurs, Good Reason occurs, and (ii)the Participant terminates employment with the Company within six months... after the Good Reason occurs; provided, however, that a Qualifying Termination shall not occur if the Participant's employment with the Company terminates by reason of Cause, the Participant's death, or an Excluded Termination (as defined in Section 5.2). View More

Severance Benefit. Shall mean all Compensation provided for under Section 7 through the remainder of the Executive's term of employment, it being the parties' intent that, except for a termination under Section 9(c), (f) or (g) the Executive shall receive all Compensation as if his term of employment continued as provided for under Section 4. The term "Severance Benefit" shall also include $1,875,000.00. In the event the Board exercises its option to extend the term of this Agreement ... pursuant to Section 4 hereof, the $1,875,000 portion of the Severance Benefit shall be reduced 20% for each year the term is extended. View More

Severance Benefit. Shall mean the Salary Continuance Benefit, the Welfare Continuance Benefit, and the Outplacement Services Benefit.

Severance Benefit. The Employee shall continue to receive the Salary at the rate in effect hereunder on the date of such termination (the "Termination Date") periodically, in accordance with the Company's prevailing payroll practices, for a period of twelve (12) months following the Termination Date (the "Severance Benefit"); provided, however, that the payment of the Severance Benefit shall immediately terminate, and the Company shall have no further obligations to the Employee with respect thereto, in the event... that the Employee violates any of the provisions contained in Section 3 hereof. View More

Severance Benefit. Shall mean the Salary Continuance Benefit and the Welfare Continuance Benefit described in Section 2 of this agreement.

Severance Benefit. Benefits payable under the Plan which could be a Basic Severance Benefit or a Supplemental Severance Benefit.

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.