Separation Program definition

Separation Program means the Air Products & Chemicals, Inc., Corporate Executive Committee Separation Program, as amended as of December 1, 2013.

Separation Program means a special program offering financial incentives that are introduced to meet downsizing or reorganizing objectives.

Separation Program means the (i) Separation Pay applicable to Rebadged Employees under the Separation Benefits Plan, (ii) provisions described in this Brochure applicable to (A) eligibility for retiree healthcare benefits for those who are Retiree Healthcare Bridge Eligible, (B) eligibility for the Pension Bridge for those who are Pension Bridge Eligible, (C) eligibility for the Rule of 85 Transition Benefit under the Retirement Plan for those who are Pension Retirement Eligible but not eligible for the benefit on their Separation Dates or Pension Bridge Eligible and, in each case, who would have attained it within two years of their Separation Dates (D) treatment under Merck’s options, RSUs and PSUs (i) as retired for those who are Pension Bridge Eligible, (ii) as retired for those who are

Examples of Separation Program in a sentence

• If an employee is hired or rehired prior to the one-year period, the employee may be required to pay back, to the contractor who provided the severance payment, all or a pro-rata amount of the severance received under the Voluntary Separation Program.

• The Contractor shall ensure it does not hire or rehire individuals who volunteered for termination during a Self-Select Voluntary Separation Program, at any DOE or NNSA site, during the one-year period following the separation.

• Materials Source Separation Program: consists of a series of ongoing activities to separate reusable and recyclable waste into categories from other types of waste at point of generation.

• If an individual who volunteered and was approved for the SSVSP is hired or rehired prior to the one-year period, the employee may-will be required to pay back, to the contractor who provided the severance payment, all or a pro-rata amount of the severance received under the Self-Select Voluntary Separation Program.

• Executive Separation Program (the “Program”) and the Administrator of the Program determines you are entitled to the benefits of the Program, your outstanding Awards under this Agreement shall be treated in accordance with the Program.

More Definitions of Separation Program

Separation Program means the program referred to in Schedule 1 Part 2 (d) to this Agreement and as described in the Borrower’s Private Sector Policy Statement;

Separation Program means the (i) Separation Benefits Plan, and (ii) provisions described in this Brochure applicable to (A) eligibility for retiree medical benefits at subsidized rates for Separated Retirement Eligible Employees who are Retiree Healthcare Bridge Eligible, (B) deferred commencement of retiree medical benefits for Separated Retirement Eligible Employees who are Retiree Healthcare Eligible, and (C) payment in lieu of AIP/EIP.

Separation Program means the (i) Separation Benefits Plan, (ii) provisions described in this Brochure applicable to (A) eligibility for retiree healthcare benefits for Bridged Employees who are Retiree Healthcare Bridge Eligible, (B) eligibility for the Pension Bridge, (C) treatment as a retiree under Merck’s options, RSUs and PSUs, and (D) payment in lieu of AIP/EIP.

Separation Program means the (i) Separation Pay applicable to Rebadged Employees under the Separation Benefits Plan, (ii) provisions described in this Brochure applicable to (A) eligibility for retiree medical benefits at subsidized rates for those who are Retiree Healthcare Bridge Eligible, (B) treatment under Merck’s options, RSUs and PSUs (i) as retired for those who are Pension Retirement Eligible, and (ii) as involuntarily terminated, and (C) payment in lieu of AIP/EIP. A signed Separation Letter is not required for the benefits described in clause ((B).

Separation Program means the (i) Separation Benefits Plan, and (ii) provisions described in this Brochure applicable to (A) eligibility for retiree healthcare benefits for Separated Retirement Eligible Employees who are Retiree Healthcare Bridge Eligible, (B) deferred commencement of retiree healthcare benefits for Separated Retirement Eligible Employees who are Retiree Healthcare Eligible, (C) eligibility for the Rule of 85 Transition Benefit under the Retirement Plan (for those who are not eligible on their Separation Dates would have attained it within 2 years of their Separation Dates), and (D) payment in lieu of AIP/EIP.

Separation Program means the Air Products & Chemicals, Inc., Corporate Executive Committee Separation Program, as amended as of October 1, 2022 (and, for the avoidance of doubt, for purposes of this Agreement, no amendment or termination of the Separation Program shall adversely impact Executive’s benefits or rights under this Agreement).

Separation Program means the (i) Separation Benefits Plan, (ii) provisions described in this Brochure applicable to Merck’s options, RSUs and PSUs, and (iii) provisions described in this Brochure applicable to payment in lieu of AIP/EIP. A signed Separation Letter is not required for the benefits described in clause (ii).