Company Severance Payments definition

Company Severance Payments has the meaning set forth in clause (h) of the definition of Excluded Liabilities.
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Company Severance Payments means any payments to employees for agreed severance in connection with the Merger listed on Schedule 3.1(a)(xvi) of the Disclosure Schedule (not including any amounts included in the Company Sale Bonus Amount).
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Company Severance Payments shall have the meaning specified in Section 3.1(a) of the Agreement.
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Examples of Company Severance Payments in a sentence

  • An assignment of more than three and three- fourths (3¾) hours per day shall constitute a full-day assignment.

  • At and following the Closing, Parent shall cause the Surviving Corporation (or, if applicable, another Acquired Corporation) to pay (a) the Bonus Plan Participants the cash payments required to be made pursuant to the terms of the Bonus Plan as provided by this Agreement, subject to delivery by a Bonus Plan Participant of an executed release of claims in the form provided in the Bonus Plan to Parent, (b) the Contingent 2010 Bonuses and (c) the Company Severance Payments.

  • Company shall have paid and satisfied in full, and shall have had sufficient cash to pay and satisfy in full, all Company Severance Payments and all Merger Expenses.

  • In the event of the consummation of a sale of the Company, Severance Payments shall be accelerated and become immediately payable in full to Executive within ten (10) days.


More Definitions of Company Severance Payments

Company Severance Payments means the aggregate amount of cash severance and the dollar value of benefits Company (or any affiliate of or successor to Company) is obligated to pay under the Contracts set forth on Part 1.1-CSP of the Company Disclosure Letter, which is $1,395,382 as of the date of this Agreement (“Current Aggregate Severance Amount”).
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Company Severance Payments shall have the meaning as set forth in Section 4.6(b).
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