Severance Bonus. Employee will be paid a bonus, within seven (7) days following the effective date of termination, equal to 50% of the average of (A) the annual bonus he was paid for the year immediately preceding the termination and (B) his Target Bonus under the Company’s then-current bonus plan, if any, less standard payroll deductions and withholdings.
Severance Bonus. 21.01 For the purpose of this Article, an eligible employee is an employee who has worked for more than 10,000 hours in the continuous service of the Employer.
Severance Bonus. A. The Board shall provide each cafeteria employee with a severance bonus which shall be paid in full within ten (10) days following the actual retirement of the cafeteria employee. The amount of the severance bonus shall be computed in the following fashion:
Severance Bonus. In the event that between the date hereof and December 31, 2003, Employee's employment with the Company is terminated other than due to death, "Disability," "Voluntary Termination" or "Cause," Employee shall be entitled to a Severance Bonus of $50,000, payable at the rate of $10,000 per month on or before the 10th day of each month following the month in which Employee's employment is terminated. In the event Employee's employment is not terminated by the Company on or before December 31, 2003, or Employee's employment is terminated prior to such date due to death, Disability, Voluntary Termination or Cause, then Employee shall not be entitled to a Severance Bonus. For purposes of this Section 2, the following definitions shall apply:
Severance Bonus. A. The Board shall grant each employee a severance bonus which shall be paid in full within sixty (60) days following actual retirement. The severance bonus shall be computed as follows:
Severance Bonus. A. For severance purposes, years of experience for retirement purposes will be in accordance with STRS retirement rules. An individual who retires with twenty-seven
Severance Bonus. A. For severance purposes, years of experience for retirement purposes will be in accordance with STRS retirement rules. An individual who retires with twenty- seven (27) to thirty (30) years of experience is eligible for a severance bonus of fifteen thousand dollars ($15,000). An individual retiring with thirty-one (31) years of experience is eligible for a severance bonus of fourteen thousand dollars ($14,000). An individual retiring with thirty-two (32) years of experience is eligible for a severance bonus of thirteen thousand dollars ($13,000). An individual retiring with thirty-three (33) years of experience is eligible for a severance bonus of twelve thousand dollars ($12,000). An individual retiring with thirty-four (34) years of experience is eligible for a severance bonus of eleven thousand dollars ($11,000).
Severance Bonus. An amount calculated as follows: (i) the number of months in the Severance Period, multiplied by (ii) one-twelfth of the Average Bonus. “Average Bonus” means the average of those cash bonuses awarded to Executive, if any, (including, if applicable, any completed calendar year for which the bonus has been earned but has not yet been paid), for each of the two calendar years completed immediately preceding the year in which such termination occurs. If Executive has been employed for less than two completed calendar year cycles, the Average Bonus will be calculated at 50% of the then Base Salary amount.
Severance Bonus. Notwithstanding anything to the contrary set forth in the Employment Agreement, the Bonus Plan, or any Option Agreement (as defined below), provided that Employee signs and does not revoke this Agreement and complies with its terms, including but not limited to, Sections 5, 6, 7, 10 and 11 below, and the terms of the Confidentiality Agreement (as defined below), Employee will receive an amount equal to the bonus that Employee would have earned pursuant to the Liquidia Corporation Annual Cash Bonus Plan, as amended by the Company from time to time (the “Bonus Plan”) with respect to the 2021 Performance Period (as defined in the Bonus Plan), notwithstanding the employment requirement set forth in Section 6.3 of the Bonus Plan (the “Severance Bonus”). Subject to the terms and conditions hereof, the Severance Bonus will be paid at the same time and in the same manner that bonus awards are paid to the Company’s other participants in the Bonus Plan, subject to payroll withholding taxes to the extent required under applicable law. Employee understands and agrees that the Severance Bonus exceeds what Employee otherwise is entitled to receive and is in lieu of any other severance compensation or severance benefits to which Employee otherwise may be entitled, and payment of these Severance Bonus is conditioned upon Employee’s compliance with the terms of this Agreement, including but not limited to, Sections 5, 6, 7, 10 and 11 below, and the terms of the Confidentiality Agreement.
Severance Bonus. 1.1 In the event that your employment is terminated by the Company for any reason other than for Cause (as defined in sub-clause 1.2 below) or you resign for Good Reason (as defined in sub-clause 1.2 below) you will be entitled to receive a Severance Bonus in the amount of six (6) months’ base salary (the level of which being that in effect on the date of termination of your employment (“the Termination Date”)) less such statutory deductions as the Company is obliged to make, payable in regular instalments for the applicable period in accordance with the Company’s normal payroll practices. This severance bonus is in addition to your notice period as defined in your original contract of employment.
