Key Employee Severance Agreement definition

Key Employee Severance Agreement means an individual severance agreement maintained between a Forest Entity and an employee that was deemed to be a vice president or higher within the organization, or an individual severance agreement maintained between a Forest Entity and an employee that provided the employee with the same level of benefits and severance benefits as other employees that are vice presidents or higher within the organization.
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Key Employee Severance Agreement means the proposed form of key employment severance agreement between Slippery Rock and certain Slippery Rock employees.
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Examples of Key Employee Severance Agreement in a sentence

  • Senior Management and Key Employee Severance Agreement dated August 11, 2003, with Michael W.

  • In the event of a rights issue, paragraphs 17 and 18 above shall apply mutatis mutandis to unvested conditional shares.

  • This Amended and Restated Key Employee Severance Agreement (“Agreement) is entered into as of the date set forth above between Lancaster Colony Corporation (“LCC”) and the undersigned key employee of LCC named above (“Key Employee”).

  • This Agreement does not supersede or affect in any way, nor is it affected in any way by, any other existing agreement, written or oral, between LCC and the Key Employee; provided, however, this Agreement supersedes and replaces the Key Employee Severance Agreement between LCC and the Key Employee.

  • This Agreement replaces and supersedes all prior agreements or understandings of the parties hereto with respect to the subject matter hereof, including, without limitation, that certain First Amended and Restated Key Employee Severance Agreement dated November 6, 2013.

  • This Agreement constitutes the entire Key Employee Severance Agreement between the Executive and the Company and supersedes any prior severance agreement.

  • This Amendment No. 1 (the "Amendment") is entered into as of September 14, 1995, with reference to that certain Key Employee Severance Agreement, dated May 9, 1995 (the "Severance Agreement"), by and between S.

  • This Severance Plan (the "Plan") shall become effective with respect to any particular Designated Employee (as defined below) as of the date a Senior Management and Key Employee Severance Agreement, incorporating all or any portion of the terms hereof, is executed between such Designated Employee and Computer Sciences Corporation (the "Company").

  • This Amendment No. 1 (the "Amendment") is entered into as of September 14, 1995, with reference to that certain Key Employee Severance Agreement, dated May 9, 1995 (the "Severance Agreement"), by and between Xxxxx X.

  • De Hont, incorporated by reference to the Company’s Annual Report on Form 10-K filed on May 4, 2001.* (10)(i) Amendment to Key Employee Severance Agreement between Met-Pro Corporation and Gary J.

Related to Key Employee Severance Agreement

  • Severance Agreement means the 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.

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

  • Deferred Compensation Agreement means an agreement to participate and to defer compensation between a Participant and the Company in such form and consistent with terms of the Plan as the Company may prescribe 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.

  • Employment Agreement has the meaning specified in the recitals to this Agreement.

  • Prior Employment Agreement has the meaning set forth in the recitals hereto.

  • Change in Control Benefits means the following benefits:

  • 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.

  • 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).

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

  • 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 Date means the date on which an Executive incurs a Severance, which shall be the date of termination as determined under Section 5.2.

  • Change in Control Agreement means a written Change in Control Agreement between an employee and the Company or an Affiliate.

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

  • 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.

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

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

  • Master Separation Agreement has the meaning set forth in the recitals.

  • 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.

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

  • Company Employee Agreement means each management, employment, severance, consulting, relocation, repatriation or expatriation agreement or other Contract between the Company or any Company Affiliate and any Company Employee, other than any such management, employment, severance, consulting, relocation, repatriation or expatriation agreement or other Contract with a Company Employee which is terminable “at will” without any obligation on the part of the Company or any Company Affiliate to make any payments or provide any benefits in connection with such termination.

  • Incentive agreement means the contract between the business

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

  • Employment Agreements shall have the meaning provided in Section 5.05.

  • 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.