PARTIAL SEVERANCE Sample Clauses

PARTIAL SEVERANCE. 31.1 If any part of this Agreement is rendered invalid by reason of any existing or subsequently enacted legislation, valid regulation or order or by final action of a tribunal of competent jurisdiction, invalidation of such part or portion of this Agreement shall not invalidate the remaining portions hereof, and all said portions shall remain in full force and effect.
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PARTIAL SEVERANCE. As partial consideration for Employee’s agreement to be bound by the terms of this Agreement as of the Effective Date, the Company hereby agrees to pay to Employee the sum of $42,500.00 on the Termination Date, which amount, together with any amount to be paid pursuant to Section 4(a) below, shall be the exclusive severance benefits to which Employee is entitled.
Sample 1
PARTIAL SEVERANCE. If any part of this Agreement is rendered invalid by reason of any existing or subsequently enacted legislation, valid regulations or order or by final action of a tribunal of competent jurisdiction, invalidation of such part or portion of this Agreement shall not invalidate the remaining portions hereof and all said portions shall remain in full force and effect. It is agreed that this Agreement shall be construed according to its written provisions without regard to any discussions or negotiations, written or oral, which the parties have and leading to or resulting in the execution and delivery of this Agreement or any amendment thereof and that anything not written and executed portion of this Agreement shall be referred to the connection with its construction.
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PARTIAL SEVERANCE. Both Parties agree that they have had the unlimited right to discuss all matters subject to collective bargaining and that no new subject matter may be presented for discussion or negotiation during the life of this agreement, and each party unqualified waives any negotiation- over effects or other matters not set forth herein. If any part of this agreement is rendered invalid by reason of any existing or subsequently enacted legislation, valid State or Government regulations or order, or by final decree of a Court of competent jurisdiction, invalidation of such part or portion of this agreement shall not invalidate the remaining portions hereof; and all such portions shall remain in full force and effect. THIS AGREEMENT is complete in itself and may be added to or amended only on those issues or matters included herein and by instrument in writing, duly executed by parties hereto. LABORERS VILLAGE of RIVERTON, WATER, INTERNATIONAL UNION SEWER, STREET and GAS of NORTH AMERICA, DEPARTMENT, and LOCAL 477 OFFICE STAFF Title Village President DOWNATATE ILLINOIS LABORERS DISTRICT COUNCIL Village Clerk Title Village of Riverton's Rules of Personal Conduct In the common interest of the VILLAGE and its employees, the VILLAGE will strictly and fairly enforce the following rules and apply disciplinary measures whenever necessary to ensure the rules are complied with. These rules apply to all employees in the VILLAGE'S Street, Water and Sewer, Departments, as well as any other employees represented by Local 477 Laborers' International Union Any employee who falls to maintain at all times proper standards of conduct or who violates any of the following rules may be subject to disciplinary action up to and including discharge.
Sample 1

Related to PARTIAL SEVERANCE

  • Cash Severance The Company shall make a single lump sum severance payment to Executive in an amount equal to Executive’s Base Annual Salary in effect as of the Termination Date plus an amount equal to Executive’s Annual Bonus target in effect as of the Termination Date, less required tax withholdings and deductions (the “Change in Control Payment”). The Change in Control Payment will be paid within sixty (60) days after the Termination Date, but in no event later than March 15 of the year following the year of termination.

  • Termination Severance Either party may terminate the employment relationship as evidenced by this Agreement at any time and for any reason upon ninety days written notice to the other.

  • Cash Severance Benefits Severance equal to the amount set forth in the Participant’s Participation Agreement and payable in cash in a lump sum in accordance with the terms and conditions of this Plan, including without limitation Section 7 hereof.

  • Salary Severance A single, lump sum payment equal to twelve (12) months of the Executive’s Salary, less applicable withholdings.

  • Lump Sum Severance Payment Payment of a lump sum amount equal to twelve (12) months of Executive’s then-current Base Salary plus the Pro Rated Bonus, less all customary and required taxes and employment-related deductions, paid on the first payroll date following the date on which the Release required by Paragraph 4(g) becomes effective and non-revocable, but not after seventy (70) days following the effective date of termination from employment.

  • Change of Control Severance Benefits A Covered Termination of Executive’s employment on or within twelve (12) months following the effective date of a Change of Control entitles Executive to receive the benefits set forth in this Section 3.2.

  • Other Severance Benefits The severance pay and benefits provided for in Section 6.1(b) shall be in lieu of any other severance or termination pay to which the Executive may be entitled under any Company severance or termination plan, program, practice or arrangement. The Executive’s entitlement to any other compensation or benefits shall be determined in accordance with the Company’s employee benefit plans and other applicable programs, policies and practices then in effect.

  • Change in Control Severance Benefits If there is a Change in Control, and within one (1) year of such Change in Control, the Executive’s employment is terminated under the circumstances described in Sections 4(a) through 4(f) above, the Executive shall be entitled to the following: (I) if such termination is a termination by the Company without Cause pursuant to Section 4(a) or the Executive resigns for Good Reason pursuant to Section 4(b), the Company shall pay the Executive the Accrued Obligations and the Pro Rata Bonus and, in addition, subject to the provisions of Section 19, (A) an amount equal to twenty-four (24) months of the Executive’s Base Salary at the rate in effect on the date of termination or resignation, payable in a lump sum within sixty (60) calendar days of the date of termination or resignation; and (B) provided the Executive timely elects continuation coverage under COBRA, the Company shall also pay, on the Executive’s behalf, the portion of monthly premiums for the Executive’s group health insurance, including coverage for the Executive’s dependents, that the Company paid immediately prior to the date of termination or resignation, during the eighteen (18) month period following the date of termination or resignation, subject to the Executive’s continued eligibility for COBRA coverage. The Company will pay for such COBRA coverage for eligible dependents only for those dependents who were enrolled immediately prior to the date of termination or resignation. The Executive will continue to be required to pay that portion of the premium for the Executive’s health coverage, including coverage for the Executive’s eligible dependents, that the Executive was required to pay as an active employee immediately prior to the date of termination or resignation. Notwithstanding the foregoing, in the event that under applicable guidance the reimbursement of COBRA premiums causes the Company’s group health plan to violate any applicable nondiscrimination rule, the parties agree to negotiate in good faith a mutually agreeable alternative arrangement; and (II) if such termination is a termination or resignation under the circumstances described in Sections 4(c), 4(d), 4(e) or 4(f), the Executive shall be entitled to the compensation and benefits for which the Executive is eligible under such sections.

  • Cash Severance Payment Executive shall receive a lump sum payment in an amount equal to twelve (12) months of Executive's base salary (less applicable withholding), paid within five (5) business days after the conclusion of the transition period (or after the termination date if there is no transition period requested by the Company).

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