Common use of Calculation of Termination Compensation Clause in Contracts

Calculation of Termination Compensation. For the purpose of calculating termination compensation for Voluntary Resignation Before Retirement, Retirement and Death, "continuous service" will include all periods of full-time continuing and regular part-time employment with the Company (including periods of authorized leave without pay) and its predecessors, provided that: - service began no later than May 31, 1996 (for Theratronics employees service began no later than March 31, 1999), and - such service has not been separated by more than three (3) calendar months.

Appears in 5 contracts

Samples: Agreement, Agreement, Agreement

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Calculation of Termination Compensation. For the purpose of calculating termination compensation for Voluntary Resignation Before Retirement, Retirement and Death, "continuous service" will include all periods of full-time continuing and regular part-time employment with the Company (including periods of authorized leave without pay) and its predecessors, provided that: - that service began no later than May 31, 1996 (for Theratronics employees service began no later than March 31, 1999), and - such service has not been separated by more than three (3) calendar months.than:

Appears in 1 contract

Samples: Agreement

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