Examples of No Severance Benefits Event in a sentence
For example, if the Executive's employment is terminated (other than due to a No Severance Benefits Event or his Disability) nine months after the end of the Term of Employment due to the Company's nonrenewal, he shall be entitled to an Additional Payment pursuant to Section 6(b)(1) that is computed based on 15 months (24 9 = 15) instead of 24 months.
For example, if the Employee’s employment is terminated (other than due to a No Severance Benefits Event or his Disability) nine months after the end of the Term of Employment due to the Company’s nonrenewal, he shall be entitled to an Additional Payment pursuant to Section 6(b)(1) that is computed based on 15 months (24 – 9 = 15) instead of 24 months.
For example, if the Executive’s employment is terminated (other than due to a No Severance Benefits Event or his Disability) nine months after the end of the Term of Employment due to the Company’s nonrenewal, he shall be entitled to an Additional Payment pursuant to Section 6(b)(1) that is computed based on 15 months (24 – 9 = 15) instead of 24 months.
For example, if the Executive’s employment is terminated (other than due to a No Severance Benefits Event or his Disability) nine months after the end of the Term of Employment due to the Company’s nonrenewal, he shall be entitled to an Additional Payment pursuant to Section 6(b)(1) that is computed based on 15 months (24 - 9 = 15) instead of 24 months.
For example, if the Executive's employment is terminated (other than due to a No Severance Benefits Event or his Disability) nine months after the end of the Term of Employment due to the Company's nonrenewal, he shall be entitled to an Additional Payment pursuant to Section 6(b)(1) that is computed based on 15 months (24 - 9 = 15) instead of 24 months.
In the event that Executive’s employment is terminated due to a No Severance Benefits Event, then the Company shall have no obligation to provide the subsidized COBRA coverage described in Section 0.
For purposes of clarity, in the event that (i) Executive voluntarily resigns or otherwise voluntarily terminates his own employment during the Term of Employment, except for (A) Good Reason or (B) due to his death or Disability, or (ii) Executive’s employment is terminated due to a No Severance Benefits Event, then, in either such event under clause (i) or (ii), the Company shall have no obligation to provide the severance benefits described in Sections 4.1(b) or 4.1(c).
For example, if Executive's employment is terminated (other than due to a No Severance Benefits Event) nine months after the end of the Term of Employment due to the Company's nonrenewal, he shall be entitled to an Additional Payment pursuant to Section 6(b) that is computed based on fifteen (15) months (twenty four (24) months - nine (9) months = fifteen (15) months) instead of twenty four (24) months.
For example, if the Employee’s employment is terminated (other than due to a No Severance Benefits Event or his Disability) nine months after the end of the Term of Employment due to the Company’s nonrenewal, he shall be entitled to an Additional Payment pursuant to Section 6(b)(1) that is computed based on 15 months (24 - 9 = 15) instead of 24 months.
More complex models, as the ones defined by queuing theory led to seminal results such as Little’s Law, widely used in distributed systems, networking and scheduling.