CEO Severance definition

CEO Severance means $1,050,000, being the amount of severance payable to the Company’s Chief Executive Officer in a termination of employment pursuant to that certain Employment Agreement, dated October 5, 2009, between the Company and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, as amended January 20, 2010, February 14, 2011 and August 24, 2011.
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Examples of CEO Severance in a sentence

  • In addition, you will be eligible to enter into the Change of Control Severance Agreement with Harmonic in substantially the form attached hereto as Exhibit A (the “CEO Severance Agreement”), which will replace and supersede your Current Severance Agreement, upon effectiveness of the CEO Severance Agreement as of the Effective Date.

  • Any payment due to you under your Employment Agreement will reduce the payment due under the CEO Severance Agreement.

  • The CEO Severance Payment shall be equal to 300% of the sum of (A) the Executive’s Annual Base Salary and (B) his Deemed Annual Bonus for the Contract Year in which the termination occurs.

  • Except as specifically set forth herein, nothing in this Agreement is intended to adversely affect any rights the Executive or the Company may have under the Severance Agreements, including, but not limited to Sections 3 and 5 of the CEO Severance Agreement or Sections 1, 2.3 and 2.4 of the Executive Severance Agreement.

  • Any capitalized term used herein and not otherwise defined herein shall have the meaning assigned to such term in the Plan or the DIRECTV CEO Severance Plan (the “Severance Plan”), (as such plans may be amended from time to time).

  • The Severance Benefits described herein shall serve as the Executive’s sole recourse with respect to termination of employment by the Company other than a CEO Severance termination that entitles the Executive to severance benefits under the terms of the CIC Agreement.

  • OPTION ARRANGEMENTS: Except as otherwise set forth on the Disclosure Schedule attached hereto, to ▇▇▇▇▇ & ▇▇▇▇▇' knowledge, there are no Special CEO Severance or Stock Option Arrangements.

  • CEO Severance For the avoidance of doubt, the Executive’s equity incentive awards shall be treated in accordance with the terms of the applicable LTIP and the applicable award agreement.

  • Executive will be a “Specified Employee” for purposes of this Agreement if, on the date of Executive’s separation from service, Executive CEO Severance is an individual who is, under the method of determination adopted by the Company designated as, or within the category of executives deemed to be, a “Specified Employee” within the meaning and in accordance with Treasury Regulation Section 1.409A-1(i).

  • Accordingly, if the Executive CEO Severance receives severance benefits under the CIC Agreement, he shall not receive Severance Benefits hereunder.

Related to CEO Severance

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • CIC Severance Plan means the Company’s Change in Control Severance Plan, as may be amended from time to time, or any successor plan, program or arrangement thereto.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.