Enhanced Severance Plan definition

Enhanced Severance Plan means the Xxxxxx-Xxxxxxx Company Enhanced Severance Plan, as amended to February 6, 2000.
Sample 1

Examples of Enhanced Severance Plan in a sentence

  • In lieu of the above severance or any other severance as may be offered by the Company, Employee shall be eligible for an "Enhanced Severance Plan" for a period commencing on the date hereof and continuing for a period of two (2) years following the election by the Board of Directors of a successor for Rolf A.

  • For a period of at least one year following the Closing Date, Buyer will continue in effect, in accordance with their terms on the date hereof, the severance plans included on Schedule 5.10(f) (including the Enhanced Severance Plan and the Severance Policy), or provide substantially comparable benefits under a severance plan maintained by Buyer.

  • Xxxxxx-Xxxxxxx'x Board of Directors has not declared an "other circumstance" to have occurred within the meaning of Section 4.2(y) of Xxxxxx-Xxxxxxx'x Enhanced Severance Plan.

  • During the period from the date of this Agreement and continuing until the Effective Time, Xxxxxx-Xxxxxxx agrees as to itself and its Subsidiaries that neither Xxxxxx-Xxxxxxx nor any of its Subsidiaries shall take or cause to be taken any action that would constitute an "Activation Event" (as defined in Section 4.2 of Xxxxxx-Xxxxxxx'x Enhanced Severance Plan), other than in the ordinary course of business.

  • Section 18.4 (l) of the ICPA and Section 1-30 (g) of the CICAA require an association provide the owner with an opportunity to be heard.

  • Xxxxxx-Xxxxxxx'x board of directors will not declare an "other circumstance" to have occurred within the meaning of Section 4.2(y) of Xxxxxx-Xxxxxxx'x Enhanced Severance Plan.

  • Notwithstanding anything contained herein to the contrary, Alpha shall cause the Surviving Corporation and each of its Subsidiaries, for the period commencing at the Effective Time and ending on December 31, 2010, to provide to each Current Employee the severance benefits set forth in the Foundation Enhanced Severance Plan.

  • To the extent that implementation of the Warner-Lambert Enhanced Severance Plan and the Warner-Lambert Executive Severance Plan requires the accrual of amounts hereunder, this Plan is hereby amended to include such amounts under Article 4 or Article 5 hereof, as appropriate.

  • Such reimbursement shall be made by Pfizer solely in the event Purchaser makes such “gross-up” payment subsequent to the IRS’s determination that a 280G excise tax is due as a result of such Enhanced Severance Plan benefits by Purchaser.

  • In lieu of the above severance or any other severance as may be offered by the Company, Employee shall be eligible for an "Enhanced Severance Plan" for a period commencing on 5 the date hereof and continuing for a period of two (2) years following the election by the Board of Directors of a successor for Rolf A.

Related to Enhanced Severance Plan

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

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

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

  • Change in Control Benefits means the following benefits:

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

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

  • 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.

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

  • 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.

  • 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.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Severance Agreement means the Amended and Restated Key Executive Severance Agreement, dated as of the date hereof, between the parties, as it may be amended from time to time, that provides for certain benefits related to termination of the Executive’s employment that are unrelated to a Change of Control.

  • Non-Exempt Severance Arrangement means a severance arrangement or other agreement between the Participant and the Company that provides for acceleration of vesting of an Award and issuance of the shares in respect of such Award upon the Participant’s termination of employment or separation from service (as such term is defined in Section 409A(a)(2)(A)(i) of the Code (and without regard to any alternative definition thereunder) (“Separation from Service”) and such severance benefit does not satisfy the requirements for an exemption from application of Section 409A provided under Treasury Regulations Section 1.409A-1(b)(4), 1.409A-1(b)(9) or otherwise.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

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

  • 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 Manager 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.

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

  • 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.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Change in Control Period means the period beginning three (3) months prior to a Change in Control and ending twelve (12) months following a Change in Control.

  • superannuation benefits means pensions, gratuities and other allowances payable on resignation, retirement or death;

  • Potential Change in Control Period shall commence upon the occurrence of a Potential Change in Control and shall lapse upon the occurrence of a Change in Control or, if earlier (i) with respect to a Potential Change in Control occurring pursuant to Section 16.20(A), immediately upon the abandonment or termination of the applicable agreement, (ii) with respect to a Potential Change in Control occurring pursuant to Section 16.20(B), immediately upon a public announcement by the applicable party that such party has abandoned its intention to take or consider taking actions which if consummated would result in a Change in Control, or (iii) with respect to a Potential Change in Control occurring pursuant to Section 16.20(C) or (D), upon the one year anniversary of the occurrence of a Potential Change in Control (or such earlier date as may be determined by the Board).

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Long-Term Incentive Plan or “LTIP” means a plan providing compensation intended to motivate performance over a period greater than one financial year. LTIPs do not include option or SAR plans or plans for compensation through shares or units that are subject to restrictions on resale;