Severance Award definition

Severance Award means any Award referred to as a Severance Award in the Award Statement.
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Severance Award means any Award referred to as a Severance Award in the Award Statement. The definition of “Award” in Rule 2 is replaced with the following provision:
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Severance Award means the amount Early Date" means the date In
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Examples of Severance Award in a sentence

  • Group Life Insurance (but not Accidental Death and Dismemberment Insurance and Survivor Income Benefits) will be provided for an Employee who retires on a Normal, Early or Disability Pension, or an Employee who receives a Severance Award.

  • Severance Award Any bargaining unit member who is at least sixty (60) years of age and retires from the District with at least 15 continuous years of service will receive a severance bonus equal to $80 for each year of continuous service in the District.

  • Any such employee who has fifteen or more years of credited service will be awarded a Severance Award of two week’s average pay for each year of service.

  • In accordance with the Ontario Labour Relations Act, Appendix Interim Increase, Life Insurance and Welfare Benefit Plan, Supple- mental Unemployment Benefit Plan, Pension and Severance Award Plan and numbered Letters of Understanding No. 1 through No. shall form part of the Collective Labour Agreement.

  • The Frances Severance Award recognizes SMSP graduates for scholarship that is well above the standards set for passing dissertations or theses.Eligible students are those who have received degrees at the prior June, August and December graduations.

  • Employees retired on Severance Award will have life insurance of two thousand dollars paid by the Company and carried in effect until death.

  • The insurance in respect of a pensioner shall automatically terminate upon the date he/she becomes ineligible for the payment of a pension pursuant to the terms of the Pension Plan and Severance Award Agreement entered into by the parties hereto on the 23rd day of July, 2006.

  • Pursuant to the Severance Award Agreement and following the termination of Mr. Alexander's employment, he will be entitled to receive (at the Company's option) 25,000 shares of the Company's common stock or the then-fair market value of the shares.

  • The accrued retirement obligations are determined by independent actuaries and includes both the Severance Award Program and the Supplemental Retirement Plan.

  • Any such employee who has ten years of credited service but less than fifteen will be awarded a Severance Award of one and one half week’s average pay for each year of service.

Related to Severance Award

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

  • 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.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

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

  • Change in Control Benefits means the following benefits:

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 12 of the Plan.

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • Performance Award Agreement means a written agreement between the Company and a Holder with respect to a Performance Award.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Severance means the complete separation and dismemberment of the part from the body.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Retention Bonus means the amount equal to:

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Service Award means any award approved by the Court that is payable to the Class Representatives from the Settlement Fund.