Definition of Pre-Closing Severance Obligations

Pre-Closing Severance Obligations means the severance payment obligations (other than amounts attributable to accrued vacation) and costs incurred but not paid in connection and associated with the termination prior to Closing of the employment by the Company of Designated Employees pursuant to Section 5.10) upon consultation with Acquirer and pursuant to the Company's severance plan, as in effect as of the Agreement Date.
Sample 1