Amount of Severance. Eligible employees, upon retirement, shall receive as severance pay unused sick leave days, not to exceed thirty-five (35) days.
Amount of Severance. To the extent severance is payable to Employee pursuant to subsection (a) of this Section, Employee shall be entitled to receive the severance payments provided for in subparts (1), (2) and (3) of this subsection:
Amount of Severance. Eligible employees, upon retirement, shall receive as severance pay unused sick leave days, not to exceed thirty-five (35) days. The amount of severance payment under this Article shall be reduced by the amount of the School District matching 403b contributions made under Article XVI, Section 2, effective July 6, 2004.
Amount of Severance. If you qualify for severance, ECCA Management Services, LTD. (ECCA Services) will pay you an amount equal to 150% of your base annual salary at the time of termination, in equal installments over eighteen (18) months.
Amount of Severance. If you qualify for severance, the Company will pay you an amount equal to one hundred fifty percent (150%) of your base annual salary at the time of termination, in equal monthly installments over eighteen (18) months.
Amount of Severance. The amount of the severance pay shall equal l0% of the employee’s annual salary at the time of retirement, plus $l0 per day for unused sick leave.
Amount of Severance. The amount of the severance payment shall be ------------------- three (3) months' salary. Zhone may elect to pay severance in a lump sum or on a regular payroll schedule, provided that no payment shall be made until all rights to revoke the general release have expired.
Amount of Severance. Benefit --------------------------- If the Employee becomes entitled to collect severance benefits pursuant to Section 2 hereof, the Bank shall pay the Employee a severance benefit equal to two times the Employee's base annual salary in effect when the Protected Period begins. In no event, however, will this amount exceed the difference between (i) the Code Section 280G Maximum and (ii) the sum of any other "parachute payments" (as defined under Code Section 280G(b)(2)) that the Employee receives on account of the Change in Control. Said sum shall be paid in one lump sum within ten (10) days of the later of the date of the Change in Control and the Employee's last day of employment with the Bank or the Company. In the event that the Employee and the Bank agree that the Employee has collected an amount exceeding the Code Section 280G Maximum, the parties may jointly agree in writing that such excess shall be treated as a loan ab initio -- ------ which the Employee shall repay to the Bank, on terms and conditions mutually agreeable to the parties, together with interest at the applicable federal rate provided for in Section 7872(f)(2)(B) of the Code.
Amount of Severance. The amount of the severance payment shall be two (2) weeks’ salary for each year of employment at CAG, with the benefits prorated for partial years of employment. However, the maximum benefit shall be thirteen (13) weeks salary. Xx Xxxxxxx shall be entitled to the full 13 weeks’ benefit given his CFO position with CAG. Zhone may elect to pay severance in a lump sum or on a regular payroll schedule, provided that no payment shall be made until all rights to revoke the general release have expired.
Amount of Severance. In exchange for Xx. XxXxx'x agreement to Sections 6, 7, 8 and 9 of this Agreement, Xx. XxXxx is entitled to severance in equal payments, each in an amount equal to the most recent, regular monthly rate of pay received by Xx. XxXxx during the Employment Period ("SEVERANCE PAYMENTS"). Severance Payments will be less all applicable federal, state and local income, social security and other payroll deductions.
