Severance Pay

Example Definitions of "Severance Pay"
Severance Pay. (a) in the event of a Termination prior to or on December 11, 2009, the greater of two (2) weeks of the Executive's base salary as of the date of Termination for each completed twelve-month period of the Executive's service prior to the Termination or $50,000; (b) in the event of a Termination following December 11, 2009, the greater of two (2) weeks of the Executive's base salary as of the date of Termination for each completed twelve-month period of the Executive's service prior to the... Termination or $100,000; in all cases less applicable withholding and other taxes View More
Severance Pay. (a) in the event of a Termination prior to or on December 11, 2009, 2006, $50,000; (b) in the event of a Termination following December 11, 2006, the greater of $100,000 or two (2) weeks of the Executive's base salary as of the date of Termination for each completed twelve-month period of the Executive's service prior to the Termination or $50,000; (b) in the event of a Termination following December 11, 2009, the greater of two (2) weeks of the Executive's base salary as of the date of... Termination for each completed twelve-month period of the Executive's service prior to the Termination or $100,000; Termination, in all cases less applicable withholding and other taxes View More
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Severance Pay. Amounts payable as set forth in Sections 5(a) and (b).
Severance Pay. An amount equal to the sum of the Base Salary in effect on the date of termination of Executive's employment, plus the amount of the Target Bonus for the Executive for the year in which the Executive's employment is terminated, divided by twelve (12)
Severance Pay. An amount equal to the sum of the Base Salary in effect on the date of termination of Executive's employment, plus the amount of the Target Bonus for the Executive for the year in which the Executive's employment is terminated, divided by twelve (12) (each of the 12 shares to constitute a month's Severance Pay); provided, however, that in the event Executive terminates his employment for Good Reason based on a reduction in Base Salary, then the Base Salary to be used in calculating Severance... Pay shall be the Base Salary in effect immediately prior to such reduction in Base Salary View More
Severance Pay. Severance Allowance as provided in Section 3(a) and Exhibit A plus Alternate AIP Award or Alternate SIP Award, as applicable, as provided in Section 3(c) and (d)
Severance Pay. (a) prior to a Change of Control, six (6) months of the Executive's base salary as of the date of Termination; and (b) following a Change of Control, nine-twelfths (9/12th) of the Executive's average Compensation for the two completed calendar years prior to the date of Termination, in each case less applicable withholding and other taxes
Severance Pay. Severance Pay is an amount payable to a Participant under the terms of this Policy.
Severance Pay. The collective benefits provided under any agreement, policy, plan, program, or arrangement of the Company or a Subsidiary or any provision of any individual severance, employment, or other agreement between the Executive and the Company or a Subsidiary that are paid to the Executive solely because of the termination of the Executive's employment.
Severance Pay. An amount, if any, equivalent to Employee's Base Salary as of the effective date of the Qualifying Termination for the period from the effective date of the Qualifying Termination through the last day of the Term.
Severance Pay. 1) $21,000 total if the Executive's Termination occurs on or before December 31, 2015; 2) $42,000 total if the Executive's Termination occurs after December 31, 2015 and on or before December 31, 2016; or 3) $63,000 total if the Executive's Termination occurs after December 31, 2016. For the avoidance of doubt, these amounts are not incremental. For example, if the Executive were terminated on January 15, 2017, the Executive would receive a total severance payment of $63,000. In any event, such... amount shall be reduced by applicable withholding and other taxes View More
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