Severance Eligibility. Only employees who (a) where hired prior to July 1, 1999, and (b) who did not elect to participate in the Deferred Compensation Matching Program (see Section 13.6) will be eligible to participate in the District’s Severance Pay Program Subject to M.S. 465.72. Full-time School Nutrition personnel who have completed at least twenty (20) years of continuous service with the District who are at least fifty-five (55) years of age shall be eligible for severance pay, pursuant to the provisions of this Article upon submission of a written resignation accepted by the School Board. Severance pay shall not be granted to any employee who is discharged for cause by the District.
Severance Eligibility. The job sharing agreement shall contain a statement regarding severance eligibility.
Severance Eligibility. The employee/bargaining unit member will in no event qualify for severance pay and/or early retirement incentive upon leaving the employ of the District.
Severance Eligibility. To be eligible for the severance package outlined below, employees must meet all the conditions listed below:
Severance Eligibility. Subject to the other provisions of this Agreement, upon termination of your employment, the Company shall pay your base salary and accrued and unused vacation benefits earned through the date of termination at the rate in effect at the time of termination, less standard deductions and withholdings (the “Accrued Obligations”). In addition, you will be eligible for the following severance benefits if your employment is terminated under the circumstances described below. If the Company terminates your employment without Cause (as defined below) or if you terminate your employment for Good Reason (as defined below) and provided such termination constitutes a “Separation from Service” (as defined under U.S. Treasury Regulation Section 1.409A-1(h), without regard to any alternative definition thereunder) and such termination is not as a result of your death or Disability, then in addition to the Accrued Obligations, you will be eligible to receive the following benefits:
Severance Eligibility. An employee who has completed five (5) or more years of continuous service with the Board shall be eligible to receive, at the time of retirement or separation from the Board, a cash payment for accumulated but unused sick leave.
Severance Eligibility. Any current Employees (a) who are not entitled to severance, change in control, or other payments at or in connection with Closing under the Compensation Plans set forth in Schedule 3.1.16(c) or otherwise, and (b) are not offered a position by GBCI or continued to be employed by Glacier Bank on the date that is one year following the Effective Date will receive severance payments in accordance with Glacier Bank's severance policy in effect at the Closing on the basis of the number of years of prior service with AB and the Bank, at the expense of GBCI. 6.3
Severance Eligibility. Associate shall be eligible to receive Severance if within THREE HUNDRED SIXTY FIVE (365) days following a Change of Control (i) Associate’s position is eliminated, (ii) Associate is terminated without Cause, or (iii) Associate resigns for Good Reason, and Associate signs and does not revoke a standard Separation and Release Agreement.
Severance Eligibility. The Company is pleased to announce that you are eligible to participate in the Severance Plan recently adopted, which has been designed to enhance your severance eligibility as compared to what is set forth in your [Employment Agreement {OR} Offer Letter] dated [date]. In order to participate in the Plan, you will be required to (i) promptly execute the Participation Agreement, and (ii) promptly execute the Company’s updated Employee Confidential Information, Inventions, Non-Solicitation and Non-Competition Agreement (the “CIIA”), enclosed. As an additional benefit to you, the Company is also pleased to further increase your severance eligibility in the event of a Qualifying Termination (i.e., your resignation with Good Reason or the Company’s termination of your employment without Cause, in either case on or before December 15, 2022). If a Qualifying Termination occurs outside of the Change in Control Period (as defined in the Plan), then the severance multiple applicable to your severance benefit will increase from what is set forth in the Plan and related Participation Agreement to a total of twelve (12) months. All other provisions of the Plan and Participation Agreement, including all eligibility criteria, will continue to apply.
Severance Eligibility. Employees terminated as a direct result of a Processing Department closure will be eligible for 1½ weeks of pay at their regular hourly wage rate of pay for each year of service to a maximum of 30 years of service as of the closure date. Severance will be prorated to include full months of completed employment up to the time of closure.
