Separation Benefit definition

Separation Benefit means the benefit provided for under this Plan as determined under Article III.

Separation Benefit means the benefit payable in accordance with Section 2(a)(1) of this Plan.

Separation Benefit means the amount, if any, pursuant to section

Examples of Separation Benefit in a sentence

• A Participant entitled to payment of a Separation Benefit or any other amounts under the Plan shall remain a Participant in the Plan until the full amount of the Separation Benefit and any other amounts payable under the Plan have been paid to the Participant.

• Executive acknowledges that Executive would not be entitled to the Separation Benefit provided for in paragraph 3 above in the absence of Executive’s signing of this Agreement, that the Separation Benefit constitutes a substantial economic benefit to Executive, and that it constitutes good and valuable consideration for the various commitments undertaken by Executive in this Agreement.

• Any severance payment or portion thereof that qualifies as a payment made as a result of an involuntary separation from service pursuant to Section 1.409A-1(b)(9)(iii) of the Treasury Regulations that does not exceed the Section 409A Limit shall not constitute a Deferred Compensation Separation Benefit.

• The Separation Benefit will be payable to Employee over time in accordance with the Company’s payroll practices and procedures beginning on the sixtieth (60th) day following the termination of Employee’s employment with the Company, provided that the Company, in its sole discretion, may begin the payments earlier.

• This Release and the Separation Benefit are not intended to be, shall not be construed as, and are not an admission or concession by any Releasee of any wrongdoing or illegal or actionable acts or omissions.

More Definitions of Separation Benefit

Separation Benefit means the benefits payable in accordance with Section 2(a)(ii)-(iv) of this Plan.

Separation Benefit means the benefit set forth in Article 5.

Separation Benefit means, for any Participant, the amount of Benefits payable to such Participant pursuant to Section 3.3(a).

Separation Benefit means the amount, if any, payable upon or sub- sequent to separation from service.

Separation Benefit means a special benefit determined in accordance with Section 7.1.

Separation Benefit means the amount, if any, pursuant to section 59-1359, Idaho Code.

Separation Benefit means the severance benefit payable pursuant to Section 3.1, provided all conditions for eligibility are satisfied. Notwithstanding the foregoing, with respect to an Eligible Employee eligible for the benefits provided in Appendix E, for purposes of Article III, Separation Benefit shall mean the Basic Benefit and, if applicable, the Additional Benefit described in Appendix E. Notwithstanding the foregoing, (1) with respect to an Eligible Executive Employee (as defined in Appendix C), for purposes of Article III, Separation Benefit shall mean the Executive Benefit described in Appendix C and (2) with respect to an Offer Letter Employee (as defined in Appendix F), for purposes of Article III, Separation Benefit shall mean the Offer Letter Benefit described in Appendix F.