Severance Benefit definition
Severance Benefit means the payment of severance compensation as provided in Article III.
Severance Benefit shall have the meaning set forth in Section 4.7(a)(i) herein.
Severance Benefit means a Salary Continuance Benefit and/or a Welfare Continuance Benefit.
Examples of Severance Benefit in a sentence
In addition, if any termination payments made to a Participant by Bank are related to an actual or potential liability under the Worker Adjustment and Retraining Notification Act (WARN) or similar law, such amounts shall reduce (offset) the Participant’s Severance Benefit under this Plan.
More Definitions of Severance Benefit
Severance Benefit means the compensation and other benefits the Covered Employee will be provided pursuant to Section 4.
Severance Benefit means the payment of severance compensation as provided in Article 3 herein.
Severance Benefit means the compensation and other benefits the Covered Executive will be provided pursuant to Section 3.
Severance Benefit means any amount (other than a lump sum benefit or an amount contemplated in paragraph (d)(ii) or (iii) of the definition of “gross income” received by or accrued to a person by way of a lump sum from or by arrangement with the person’s employer or an associated institution in relation to that employer in respect of the relinquishment, termination, loss, repudiation, cancellation or variation of the person’s office or employment or of the person’s appointment (or right or claim to be appointed) to any office or employment, if—
Severance Benefit means any post-termination benefit(s) to be paid by the Employer pursuant to Section 5(a)(ii), Section 5(b)(i), or Section 6 hereof.
Severance Benefit means two years Base Salary based upon the Executive's Base Salary on the date the Executive's employment terminates.
Severance Benefit is defined as 50% of the Executive's annual salary for the calendar year in which this Agreement is terminated, together with continuation of Benefits as defined in Sections 3.1.2 and 6.3.5 herein, at the level the Executive is receiving at the time of Termination for six months immediately following the Date of Termination.