Severance

Severance. Means, with respect to a Participant, the termination of the Participant's provision of services to the Company as an employee or independent contractor, whether by reason of death, disability, or any other reason. For purposes of determining the exercisability of an Incentive Stock Option, a Participant who is on a leave of absence that exceeds ninety (90) days will be considered to have incurred a Severance on the ninety-first (91st) day of the leave of absence, unless the Participant's... rights to reemployment are guaranteed by statute or contract. However, a Participant will not be considered to have incurred a Severance because of a transfer of employment between the Company and a Subsidiary (or vice versa). View More

Severance. Cash payments equal to six (6) months of Base Salary, payable monthly

Severance. Shall mean (a) at the sole discretion of the Company, either (1) a lump sum cash severance payment in an amount equal to 75% of your annual base compensation then in effect, payable as soon as practicable by the Company, and in no event later than 30 days after termination of your employment or (2) the continuation of your base compensation then in effect for the term of the Severance Period.

Severance. Means the termination of an Eligible --------- Employee's employment with the Company on or within two (2) years following the date of the Change in Control, (i) by the Company other than for Cause, or (ii) by the Eligible Employee for Good Reason.

Severance. Means, individually or collectively (as the context requires), the CIC Severance and the Non-CIC Severance.

Severance. Means either or both of the Cash Payment or the COBRA Coverage.

Severance. Means (i) the involuntary termination of a Participant's employment by the Company or any subsidiary thereof, other than for Cause, death or Disability or (ii) a termination of a Participant's employment by the Participant for Good Reason.

Severance. Shall mean Executive's "separation from service" (within the meaning of Section 409A) by reason of resignation for "Good Reason" or discharge from employment by the Company for any reason other than "Cause," "Disability" or death. Executive's Severance shall be deemed to be "in connection with a Change of Control" only if such occurs (i) upon or after a Change of Control and prior to the second anniversary of a Change of Control, (ii) after the Company enters into an agreement for a... transaction, the consummation of which would result in a Change of Control, and before termination or expiration of such agreement, or (iii) after a third party announces a tender or exchange offer or proxy contest that, if completed, would result in a Change of Control and before expiration or termination of such offer or contest. View More

Severance. Means (A) for any Eligible Employee, the involuntary termination of the Eligible Employee's employment by the Employer without Cause (other than due to death or Disability), (B) for any Eligible Employee, a voluntary termination of the Eligible Employee's employment for Good Reason, or (C) for only the CEO serving as of the Effective Date, the termination of that CEO's employment due to death or Disability; provided, however, that a Severance shall not occur by reason of the divestiture of a... facility, sale of a business or business unit, or the outsourcing of a business activity with which an Eligible Employee is affiliated if (X) the Eligible Employee is provided comparable employment (e.g., with a Base Salary and Annual Bonus at least equal to that in effect immediately prior to such transfer of employment) by the entity which acquires such facility, business or business unit or which succeeds to such outsourced business activity; and (Y) such entity continues to cover the Eligible Employee under a severance program which provides severance benefits no less favorable than this Plan for at least 12 months. View More

Severance. Means an Involuntary Termination.