Employee Severance Program definition

Employee Severance Program means the Employee Severance Program as set forth in Schedule 7.5(a)(i).

Examples of Employee Severance Program in a sentence

  • Participant has been selected to participate in the STMG Key Employee Severance Program (“KESP”) by the Compensation Committee of the STMG Board of Directors, by the full Board, or by the Chief Executive Officer of STMG.

  • Code sections 8322(g) and 8330.) PG&E’s request for the retraining program, the new two-way expense-only subaccount, and associated rate recovery through the NDNBC is approved.PG&E has in place an Employee Severance Program, which provides payments of specified amounts to employees whose jobs will be eliminated upon the closure of Diablo Canyon.

  • Whether the Commission should approve the Employee Severance Program described in Chapter 7 and authorize PG&E to continue to forecast and recover the cost of the Employee Severance Program in each subsequent NDCTP.

  • The Contractor shall be required to provide whatever assistance may be required to accomplish the flow meter survey.

  • Implement the Employee Severance Program described in Chapter 7 and authorize PG&E to continue to forecast and recover the cost of the Employee Severance Program in each subsequent NDCTP.

  • Notwithstanding the foregoing, if you Terminate employment after a Change in Control and are eligible for a severance pay benefit under the Chevron Corporation Change in Control Surplus Employee Severance Program for LTIP Eligible Participants in Salary Grades 43 and Below, as may be amended, then one hundred percent (100%) of the Restricted Stock Unit Award will vest on [DATE] following the fifth (5th) anniversary of the Grant Date.

  • Voluntary Employee Separation Agreement (VESP) -- 2016 VOLUNTARY EMPLOYEE SEVERANCE PROGRAM The parties agree to implement a Voluntary Employee Severance Program (“VESP”) as described as follows: Objective Xxxxx Xxxx College ("HFC") has adopted the Voluntary Employee Severance Program ("VESP") to afford eligible employees the opportunity to resign voluntarily in exchange for the payment of benefits.

  • The Bankruptcy Court found that the reaffirmation of the Debtors’ existing Employee Severance Program as defined in the Debtors’ underlying motion was necessary to the Debtors reorganization efforts and specifically authorized the Debtors to provide severance benefits to their employees in accordance with the Employee Severance Program and in accordance with certain employment contracts identified in Exhibit D thereto.

  • The Debtors also have a separate severance benefit program for store managers and full-time and part-time associates in the event of a store closing (the “Store Closing EmployeeSeverance Program” and together with the Non-Insider Employee Severance Program, the “Non- Insider Severance Programs”).

  • The parties agree to implement a Voluntary Employee Severance Program (“VESP”) as described as follows: Objective Xxxxx Xxxx College ("HFC") has adopted the Voluntary Employee Severance Program ("VESP") to afford eligible employees the opportunity to leave voluntarily in exchange for the payment of benefits.

Related to Employee Severance Program

  • Executive Severance Plan means the Company’s Senior Executive Employee Severance Pay Plan, as in effect from time to time.

  • Severance Plan means any severance plan maintained by the Company that is applicable to the Participant.

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

  • Compensation and Benefits Programs means all compensation and benefit plans, policies, and programs of the Debtors, and all amendments and modifications thereto, applicable to the Debtors’ employees, former employees, retirees, and non-employee directors and the employees, former employees and retirees of their subsidiaries, including all savings plans, retirement plans, health care plans, disability plans, and incentive plans, deferred compensation plans, and life, accidental death, and dismemberment insurance plans.

  • 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.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Change in Control Benefits means the following benefits:

  • Nonqualifying Termination means a termination of the Executive’s employment (1) by the Company for Cause, (2) by the Executive for any reason other than a Good Reason, (3) as a result of the Executive’s death or (4) by the Company due to the Executive’s absence from his duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Executive’s incapacity due to physical or mental illness.

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • Health benefits plan means a benefits plan which pays or

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

  • Compensation and Benefit Plans has the meaning set forth in Section 5.03(m)(i).

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Separation Plan means the Company’s Separation Plan Amended and Restated Effective August 13, 2006, as may be amended from time to time or any successor plan, program, arrangement or agreement thereto.

  • Severance Term means the six (6) month period following Employee’s termination by the Company without Just Cause (other than by reason of death or Disability) or by Employee for Good Reason; provided, that if such termination occurs within twelve (12) months following a Change in Control, the Severance Term shall be the twelve (12) month period following such termination.

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

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

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Employee Assistance Program means an established program capable of providing expert assessment of employee personal concerns; confidential and timely identification services with regard to employee drug abuse; referrals of employees for appropriate diagnosis, treatment, and assistance; and follow-up services for employees who participate in the program or require monitoring after returning to work. If, in addition to the above activities, an employee assistance program provides diagnostic and treatment services, these services shall in all cases be provided by the program.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Managing Member for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Salaried Employee means an employee who is not covered by the Fair Labor Standards Act who regularly receives each pay period a predetermined amount constituting all or part of compensation. This base salary cannot be reduced because of variations in the quality or quantity of work performed.

  • Public employees retirement system means the retirement plan and program

  • New Employer means, after a Change in Control, a Participant’s employer, or any direct or indirect parent or any direct or indirect majority-owned subsidiary of such employer.

  • Compensation Plans shall have the meaning set forth in Section 3.8(b).