Severance Payment

Severance Payment. Means the compensation paid to you pursuant to Section 3 following termination of your employment with the Company.

Severance Payment. Means the compensation paid to a Participant pursuant to Section 3 following termination of his or her employment with the Company.

Severance Payment. Shall mean the benefit, if any, defined as a "Severance Payment" and paid to Executive as a lump sum under the Company's Executive Severance Plan or Severance Plan, as applicable. The receipt by Executive of any applicable Severance Payment shall reduce any amount paid, to be paid or payable under this Agreement, only to the extent of the Severance Payment.

Severance Payment. Means the aggregate gross amount of severance payments determined in accordance with Section 4 of this Plan to be paid to an Eligible Executive who is entitled to receive such severance benefits under this Plan. 2

Severance Payment. The aggregate gross amount of severance payments determined in accordance with Section 4 of this Plan to be paid to an Eligible Executive who is entitled to receive such severance benefits under this Plan. Under no circumstances shall and Eligible Executive be entitled to any benefits under this Plan if the Eligible Executive has already been provided with, or will be provided, benefits under a Change of Control Agreement between the Company and the Eligible Executive.

Severance Payment. Means a payment, in lieu of any other severance payment or benefit pursuant to any other plan or agreement of the Employer, the Company or any Affiliate to which the Executive is otherwise entitled, of an amount equal to the product of (i) the Severance Multiple multiplied by (ii) the sum of (A) the Executive's annual base salary immediately prior to the time of Severance and (B) the Executive's Target Bonus for the calendar year immediately prior to the calendar year in which the Severance... occurs. View More

Severance Payment. The cash payment, if any, that Employee may become entitled to receive pursuant to Section 6 of this Agreement

Severance Payment. The same meaning as the term 'parachute payment' defined in Section 280G(b)(2) of the Code

Severance Payment. An amount equal to 24 months of Employee's annual Base Salary, including any payments received or due under any other severance agreement.

Severance Payment. The Company will pay Executive up to an amount equal to one (1) year of Executive's salary at the time of termination ("Separation Pay"). Separation Pay shall be payable to Executive for six (6) months following Executive's termination of employment ("Initial Severance Period") and up to an additional six (6) months thereafter so long as Executive has not accepted new employment ("Subsequent Severance Period" and together with the Initial Severance Period, the "Severance Period"). Executive... shall certify to the Company on the first day of each month during the Subsequent Severance Period that he has not accepted new employment. If Executive fails to provide such certification or obtains new employment during the Subsequent Severance Period, no further severance payments will be made, and the Severance Period shall end. Payment of Separation Pay will be made at the same time as wages are paid to active employees in Executive's job classification in equal payments over a period of up to 12 months as described above, beginning on the first practicable regular pay day following Executive's execution of Exhibit A to this Agreement and expiration of the seven (7) day revocation period described therein. View More