Severance Agreement definition

Severance Agreement means the Amended and Restated Key Executive Severance Agreement, dated as of the date hereof, between the parties, as it may be amended from time to time, that provides for certain benefits related to termination of the Executive’s employment that are unrelated to a Change of Control.

Severance Agreement means any Severance Agreement solely between the Employee and the Company in effect as of the date of this Agreement, as such may be amended or superseded from time to time.

Severance Agreement means a severance or other similar agreement, in form acceptable to the Company and containing such terms as may be specified by the Company in the exercise of its discretion (which discretion may include, but shall not be limited to, requiring restrictive covenants in favor of the Company).

Examples of Severance Agreement in a sentence

• Amended and Restated Severance Agreement between Acuity Brands, Inc.

• You will be eligible to enter into a Change in Control and Severance Agreement (the “Severance Agreement”) applicable to you based on your position within the Company.

• The Severance Agreement will specify the severance payments and benefits you may become entitled to receive in connection with certain qualifying terminations of your employment with the Company.

• Notwithstanding the due date of any post-employment payments, any amounts due under this Paragraph 8 shall not be due until after the expiration of any revocation period applicable to the Release and Severance Agreement.

• If the Grantee has a Change in Control Severance Agreement with the Company (“Change in Control Agreement”), on and after a Change in Control, the term “Involuntary Termination” shall have the meaning given a termination by the Company without Cause as defined in the Change in Control Agreement, and shall include without limitation a termination for Good Reason as defined in the Change in Control Agreement.

More Definitions of Severance Agreement

Severance Agreement means that certain Officer Severance Agreement, dated as of the date hereof, between the Executive and the Company.

Severance Agreement has the meaning set forth in Section 5.2(f).

Severance Agreement means that certain Amended and Restated Change of Control Severance Agreement, dated as of May 5, 2023, by and between the Company, Invacare Corporation, and the Executive.

Severance Agreement means a written agreement in a form satisfactory to the Administrator in exchange for payment of Severance Benefits as provided in Article 6. In the sole discretion of the Administrator, such agreement may include without limitation, but is not limited to, provisions relating to (i) non-disparagement and non-disclosure; (ii) non-solicitation of customers, clients and employees; (iii) use of confidential and proprietary information; (iv) return of company property; (v) cooperation with investigations, arbitrations, and litigation; (vi) release and waiver of all legal claims; and (vii) authorized deductions (if any). To be effective, a Severance Agreement must be signed and returned by the Return Date (and not revoked during any applicable Revocation Period). Severance Agreements are not required to be identical among Participants.

Severance Agreement shall have the meaning set forth in Section 2.3.

Severance Agreement means the Severance Agreement entered into by and between SPI and Executive, as amended and restated effective August 3, 2000.

Severance Agreement means a written change in control and severance agreement between the Optionee and the Company.