Monthly Severance Amount definition

Monthly Severance Amount means an amount equal to one-twelfth of Executive’s Annual Compensation.
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Monthly Severance Amount means an amount equal to one-twelfth of Executive's Annual Compensation.
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Monthly Severance Amount means an amount equal to one-twelfth of Executive’s Annual Base Salary.
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Examples of Monthly Severance Amount in a sentence

  • The provisions of this Section 5.7 shall also apply, to the extent required under Section 409A of the Code, to any payment of the Monthly Severance Amount to Executive pursuant to Section 7.1(b).

  • Company may set off any amounts owed by Executive to Company or any of its affiliates against any obligation to pay the Monthly Severance Amount.

  • Any change to the technical and other information set out in the CSDs will follow the change process as set out in CSD 0501 (Change Management).

  • Provided Executive elects to continue health coverage under COBRA following the date of termination, the Company will pay a portion of the premiums to continue Executive’s medical, vision and dental insurance for the period during which Executive is entitled to receive the Monthly Severance Amount, regardless of whether Executive is legally entitled to COBRA benefits during such period (the “Health Benefits Continuation”).

  • Company may set off any amounts owed by Employee to Company or any of its affiliates against any obligation to pay the Monthly Severance Amount.


More Definitions of Monthly Severance Amount

Monthly Severance Amount means an amount equal to one-twelfth of Executive's annual base salary pursuant to paragraph 3.1 in effect immediately prior to Executive's Involuntary Termination; and
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Monthly Severance Amount means an amount equal to the quotient of (i) the Base Salary as of the date of termination divided by (ii) 12.
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Monthly Severance Amount means the sum of (i) Participant’s Monthly Base Salary plus (ii) one-twelfth (1/12) of Participant’s Annual Bonus.
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Monthly Severance Amount means an amount equal to one-twelfth of Employee’s annual base salary pursuant to paragraph 3.1 in effect immediately prior to the termination of Employee’s employment;
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Monthly Severance Amount shall equal (x) one times (1x) the sum of (A) Employee’s Base Salary in effect immediately before the termination of Employee, plus (B) Employee’s Target Bonus for the applicable calendar year at the time of Employee’s termination, divided by (y) eighteen (18).
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Monthly Severance Amount means Participant’s Monthly Base Salary.Except with respect to the amendments described herein, all terms of the Plan and your Participation and Restrictive Covenant Agreement shall continue to apply without modification.To confirm your understanding of and agreement to the foregoing, please sign below and return one duplicate original of this letter to Christina Flint. You should keep the other duplicate original for your records.Sincerely, Diplomat Pharmacy, Inc. By: /s/ Brian Griffin Name: Brian Griffin Title: Chairman & CEO
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Monthly Severance Amount means, as specified in the Participation and Restrictive Covenant Agreement for a Participant, either (i) the Participant’s Monthly Base Salary or (ii) the 3sum of (x) Participant’s Monthly Base Salary plus (y) one-twelfth (1/12) of Participant’s Annual Bonus.
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