Severance Continuation Period definition

Severance Continuation Period means the 24-month period following the Termination Date.
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Severance Continuation Period means, unless otherwise provided in the Employee’s effective employment agreement with the Company as of the Date of Termination, a period of a number of months following the Date of Termination for each Employee during which certain Severance Payments and Benefits will be provided pursuant to this Policy, as set forth in Annex I hereto.
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Severance Continuation Period means (i) the 24-month period following the Participant’s Termination Date, if he or she is the CEO as of such Termination Date, and (ii) the 12-month period following the Participant’s Termination Date, if he or she is not the CEO as of such Termination Date.
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Examples of Severance Continuation Period in a sentence

  • KRATON may provide such medical benefits by paying Executive’s COBRA continuation coverage through such Severance Continuation Period.

  • KRATON may provide such medical benefits by paying the Executive’s COBRA continuation coverage through such Severance Continuation Period.

  • The Company may provide such medical and dental benefits by paying the Company’s COBRA continuation coverage through such Severance Continuation Period.

  • For a period commencing on the Employee’s Date of Termination until the earlier of (i) the expiration of the Employee’s Severance Continuation Period, (ii) the date of the Employee’s commencement of eligibility for benefits under a new employer's welfare benefit plans, and (iii) the Employee attaining age 65 (such period, the “ Benefit Continuation Period”), the Employee shall be eligible for Benefit Continuation.

  • For a period commencing on the Employee’s Date of Termination until the earlier of (i) the expiration of the Employee’s Severance Continuation Period, (ii) the date of the Employee’s commencement of eligibility for benefits under a new employer's welfare benefit plans, and (iii) the Employee attaining age 65 (such period, the “ CIC Benefit Continuation Period”), the Employee shall be eligible for Benefit Continuation.

  • The Company may provide such medical, vision and dental benefits by reimbursing Executive for his cost for COBRA (or, if the Company determines it is possible, by making other arrangements to relieve Executive of such cost) in an amount equal to what the Company was previously paying on behalf of Executive for such benefits through such Severance Continuation Period and comparable amounts if the COBRA continuation period expires prior to the expiration of the Severance Continuation Period.

  • If Executive’s employment is terminated by KRATON other than for Cause following KRATON’s election not to extend the Employment Term, Executive shall be entitled to (1) at the times set forth in Section 7(a)(iii) hereof, the Accrued Obligations and (2) continuation of Executive’s annual Base Salary during Severance Continuation Period at the same time and in the same manner as if Executive had remained employed by KRATON during such period.

  • If Executive’s employment is terminated by KRA TON other than for Cause following KRATON’s election not to extend the Employment Term Executive shall be entitled to (1) at the times set forth in Section 7(a)(iii) hereof, the Accrued Obligations and (2) continuation of Executive’s annual Base Salary during Severance Continuation Period at the same time and in the same manner as if Executive had remained employed by KRA TON during such period.

  • The Company may provide such medical and dental benefits by paying the Company’s COBRA continuation coverage through such Change in Control Severance Continuation Period.

  • If an Affected Employee is a participant in the Transocean International Retirement Plan on his Termination Date and does not receive a lump-sum distribution of his Severance Benefit, the Affected Employee will continue to be eligible to receive defined contribution plan employer contributions throughout the Severance Continuation Period.


More Definitions of Severance Continuation Period

Severance Continuation Period means the total number of weeks over which Salary Continuation is payable, and is also used to determine the period of Benefits Continuation. . The Severance Continuation Period will begin: (a) for Salary Continuation, the day following the Eligible Termination; and (b) for Benefits Continuation, the first day of the month following the month in which the Eligible Termination occurs, in both cases subject to the Eligible Employee’s timely execution and return of the release and agreement required by the Plan Administrator.
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Severance Continuation Period means, unless otherwise provided in the Employee’s effective employment agreement with the Company as of the Date of Termination, a period of a number of months following the Date of
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Severance Continuation Period means the period from the Closing through the nine-month anniversary of the Closing Date.
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Severance Continuation Period means the period from Closing through the first anniversary of the Closing Date. Transferred Employees whose terms and conditions of employment are governed under a collective agreement will only be entitled to all severance entitlements provided under that agreement in accordance with applicable Law.
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Severance Continuation Period means, for an Eligible Employee, the Eligible Employee’s Severance Factor multiplied by 12 months.
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Severance Continuation Period means the total number of weeks over which Salary Continuation is payable (for circumstances other than Lump Sum payments) or Benefits Continuation is available. The Severance Continuation Period will begin following the Eligible Termination, subject to the Eligible Employee’s execution and return of the release and agreement required by the Plan Administrator.
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Related to Severance Continuation Period

  • Continuation Period shall have the meaning set forth in Section 6.9(a).

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • Qualifying Termination means a termination of the Executive’s employment either (i) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of the Change in Control Period (a “Qualifying Non-CIC Termination”).

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Date of Termination means the date of receipt of the Notice of Termination or any later date specified therein, as the case may be; provided, however, that (i) if the Executive's employment is terminated by the Company other than for Cause or Disability, the Date of Termination shall be the date on which the Company notifies the Executive of such termination and (ii) if the Executive's employment is terminated by reason of death or Disability, the Date of Termination shall be the date of death of the Executive or the Disability Effective Date, as the case may be.