Additional Severance Pay. Premier shall pay you a semi-monthly amount of $608.17 for a twelve (12) month period following your Separation Date and this Agreement’s Effective Date, whichever occurs later, less applicable withholdings as required by law, for use in paying COBRA premium expenses or as you otherwise deem appropriate, in your sole discretion (the “Additional Severance Pay”). The total pre-withholding amount payable under this provision is equal to $14,596 and is generally equivalent to the amount Premier would have otherwise paid for continued health insurance coverage for you and your dependents if you had remained an active employee during this payment period.
Additional Severance Pay. (a) This clause applies to employees aged over 45 years with 10 years or more continuous service.
Additional Severance Pay. If the Company terminates the employment of Xx. Xxxxxx without Cause on or prior to the end of the agreed upon Transition Period, the Company will also pay to Xx. Xxxxxx, together with the first payment made pursuant to Section 2(a) above, an additional separation payment equal to the amount of base salary he would have received had he remained employed by the Company during the remainder of the agreed upon Transition Period, plus an amount equal to what the Company would have paid on his behalf for group health and dental coverage had he remained employed during the remainder of the agreed upon Transition Period, less all applicable taxes and withholdings.
Additional Severance Pay. Xx. Xxxxx shall be entitled to receive the sum of $171,000.00 less any regular salary earned and paid to him by LP in 2017, as Additional Severance Pay. The additional severance paid will be paid as a lump sum at the same time and in accordance with the payments in Section 3a. of this agreement, and will be subject to all required withholdings.
Additional Severance Pay. As an additional benefit, the Company will pay you an additional five (5) weeks of your base salary in effect as of the Separation Date (the "Additional Severance Payment"). The Additional Severance Payment will be paid in the form of salary continuation, subject to standard payroll deductions and withholdings, and will Certain identified information has been excluded from this exhibit because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed. begin immediately following the completion of the salary continuation payments described in Section 4(a) above and continue on the Company's regularly scheduled payroll dates.
Additional Severance Pay. Except as set forth in Section 1(b) above, if the Company terminates the employment of Xx. Xxxxxxx without Cause prior to August 31, 2015, the Company will also (i) pay to Xx. Xxxxxxx additional separation pay equal to the amount of base salary she would have received had she remained employed by the Company between the Separation Date and August 31, 2015 (the “Additional Severance Period”), which amount will be paid to Xx. Xxxxxxx in equal installments in accordance with the Company’s regular payroll practices following the end of the severance payments provided for in Section 2(a) above, and (ii) if Xx. Xxxxxxx has not become eligible for group health coverage through a new employer on or before the date that is six (6) months following the Separation Date, continue to pay on Xx. Xxxxxxx’x behalf, for an additional period of time equal to the Additional Severance Period, the share of the premium for group health insurance as provided for in Section 2(b) above, in each case, less all applicable taxes and withholdings.
Additional Severance Pay. On Dell’s first payroll date that occurs immediately after the one-year anniversary of the Separation Date, Dell will pay Executive the amount of $850,000 (less applicable withholding for taxes) as severance, assuming full compliance with Executive’s obligations under Section 4 of the Executive’s Noncompetition Agreement.
Additional Severance Pay. Mr. Wagnxx xxxxx xe entitled to receive the sum of $177,500 as additional severance pay. The additional severance paid will be paid as a lump sum at the same time and in accordance with the payments in Section 3a. of this agreement, and will be subject to all required withholdings.
Additional Severance Pay. Provided that Executive signs and returns this Agreement to the Company without revoking it, and complies with the material terms of this Agreement, the Company will provide twelve (12) months of salary continuation payments (“Severance Pay”) at his current Base Salary (as defined the Employment Agreement). The salary continuation payments will commence as set forth in this Subsection 2(c) and continue for twelve (12) months following the initial payment. These payments will be made on the same dates as Company’s payroll is issued to its other employees. Executive acknowledges that he is not otherwise entitled to receive the Severance Pay from the Company, which payment of constitutes valid consideration in exchange for your release of all claims and the other obligations as set forth in this Agreement. In addition to the other considerations in this Agreement, this Severance Pay is being provided to the extent Company requires Executive to assist with transitioning of his position through December 31, 2017.
Additional Severance Pay. See Appendix B, “Memorandum of Understanding” dated August 24, 2009 between USU and AFSCME.
