Examples of Severance Compensation in a sentence
In exchange for the promises you make in this Agreement, the Company covenants and agrees to provide you with Severance Compensation and Severance Benefits (defined below).
This Agreement constitutes our entire agreement regarding the termination of your employment with the Company and the payment of the Severance Compensation and Severance Benefits.
This element of Severance Compensation shall be payable in equal installments on the normal pay dates following Executive’s separation from service with the Company within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the Treasury Regulations promulgated thereunder (such Section and regulations are sometimes referred to in this Agreement as “Section 409A”).
I also acknowledge that the consideration given under the Letter Agreement for the waiver and release in the preceding paragraph hereof is in addition to anything of value to which I was already entitled, and that I am entitled to the Severance Compensation under the Letter Agreement only if I sign and do not revoke this Release.
You acknowledge that the Severance Compensation and Severance Benefits are in addition to any monies or benefits to which you were already entitled.