Separation Pay Period definition

Separation Pay Period means the period equal to the total number of weeks represented by your Separation Pay.
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Separation Pay Period means the period beginning on the date the Covered Employee incurs a Separation From Service during which Separation Pay described on Schedule B is payable in periodic installments in accordance with the Employer’s normal payroll periods. Payment of Separation Pay in a lump sum under the Plan does not shorten the Separation Pay Period.
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Separation Pay Period means, for any Participant, the period equal to the number of weeks of Base Pay to be received by the Participant as Separation Pay; provided that a Participant's Separation Pay Period shall end earlier upon the Participant's failure to continue satisfying all Eligibility Conditions.
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Examples of Separation Pay Period in a sentence

  • If you become employed by a new employer at any time during the Separation Pay Period, continued coverages under this Paragraph 4 shall become secondary to any such coverages provided to you by the new employer.

  • This duty to cooperate will include, but not be limited to, meeting with representatives of Aramark at times and places reasonably designated by Aramark, and shall continue beyond the Separation Pay Period.

  • Meredith will cease its contributions toward any COBRA premiums at the earlier of: (1) the end of the Separation Pay Period; (2) when You cease making Your contributions toward the premiums; or (3) You are no longer eligible for, or are no longer receiving, Separation Pay or COBRA insurance coverage (“Subsidy Period”).

  • Each Separation Pay payment is a “separate payment” for Section 409A purposes, and if Your Separation Pay and/or the aforementioned Separation Pay Period exceed the limits for separation pay under Section 409A of the Internal Revenue Code, then Meredith may accelerate any payment as necessary, in the discretion of Meredith, to avoid such payments constituting deferred compensation under Section 409A.

  • In addition, if You are otherwise eligible for COBRA benefits and You elect to receive those benefits, and if this Agreement becomes effective under Paragraph 15, then provided You continue to pay the amounts that active Meredith employees pay toward applicable medical, dental and vision insurance coverage, Meredith will pay the remainder of Your medical, dental and vision COBRA premiums during the Separation Pay Period.

  • The medical, dental and Basic Life insurance coverages shall end on the last day of the month in which the Separation Pay Period ends or, if the Separation Pay Period is less than 6 months, then at the end of the 6-month period during which medical and dental coverages are provided.

  • The remaining installments will be paid until the end of the Separation Pay Period at the same rate as the Base Salary in accordance with the Company’s normal payroll practices for its employees.

  • If the Covered Employee’s dependents were covered under the medical and dental coverages (other than coverages applicable to retirees and their dependents) at the time of the Covered Employee’s death, and, prior to payment of the balance of the Separation Pay, they choose to continue to be covered under the medical and dental coverages, they will continue to do so for the balance of the Separation Pay Period.

  • A Covered Employee shall continue medical, dental and Basic Life Insurance coverage during the Separation Pay Period.

  • Eligibility for COBRA continuation coverage for medical and/or dental plan coverage shall begin at the first day of the month following the expiration of the Separation Pay Period, or, if the Separation Pay Period is less than 6 months, then at the end of the 6 month period during which medical and dental coverages are provided.


More Definitions of Separation Pay Period

Separation Pay Period means the period with respect to which Separation pay is paid to a Participant under Section 3.3 or Section 3.4 of the Plan.
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Related to Separation Pay Period

  • Pay Period means a two (2) calendar week period beginning on a Sunday and ending on the second Saturday thereafter.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

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

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

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

  • Change in Control Benefits means the following benefits:

  • Severance Benefit means the payment of severance compensation as provided in Article III.

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

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • CIC means the Construction Industry Council.

  • Severance Amount means:

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

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Severance Plan means any severance plan maintained by the Company that is applicable to the Participant.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

  • Post-Employment Period shall have the meaning set forth in Article 8.

  • 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.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • 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.

  • Separation means a “separation from service,” as defined in the regulations under Section 409A of the Code.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Severance Term means the six (6) month period following Employee’s termination by the Company without Just Cause (other than by reason of death or Disability) or by Employee for Good Reason; provided, that if such termination occurs within twelve (12) months following a Change in Control, the Severance Term shall be the twelve (12) month period following such termination.

  • 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).

  • SERP has the meaning assigned thereto in Section 5(c) hereof.