Common use of Severances Clause in Contracts

Severances. If an Employee’s Entry Date determined under Section 3.1, falls within a period of Severance of 12 months or less taken into account as Service under Section 2.28, then, provided the individual is an Employee, the individual shall become a Participant on the date on which such period of Severance ends.

Appears in 5 contracts

Samples: Lsi Industries Inc, Lsi Industries Inc, Lsi Industries Inc

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Severances. If an Employee’s 's Entry Date determined under Section 3.1, 2.1 falls within a period of Severance of 12 months or less taken into account as Service under Section 2.281.50, then, provided the individual he is an Eligible Employee, the individual he shall become a Participant on the date on which such period of Severance ends.

Appears in 1 contract

Samples: Meridian Bioscience Inc

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