Severance Delay Period

Severance Delay Period. Shall mean the period beginning on the date of Employee's Qualifying Termination and ending on the thirtieth day thereafter. Notwithstanding the foregoing, in the event that Employee's termination of employment occurs in connection with an exit incentive program or other employment termination program offered to a group or class of employees, as defined under the Older Worker Benefit Protection Act, 29 U.S.C. Section 626, the Severance Delay Period shall mean the period beginning on the date of... Employee's Qualifying Termination and ending on the sixtieth day thereafter. 2 View More

Severance Delay Period. Means the period beginning on the Termination Date (as defined in Section 2 hereof) and ending on the sixtieth (60th) day thereafter.