Severance Letter definition

Severance Letter means that certain letter agreement, dated as of December 16, 2020, by and between WSI and the Designated Executive.
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Examples of Severance Letter in a sentence

  • Reference is made to the Severance Letter and additional stock acceleration provisions and extended exercise provisions.

  • Upon expiration, Employee shall have no further rights under the Options except as may be set forth in the stock plan, option documents and the Severance Letter.

  • Notwithstanding anything to the contrary herein, the following provisions apply to the extent severance benefits provided in Executive’s CiC Severance Letter are subject to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and the regulations and other guidance thereunder and any state law of similar effect (collectively “Section 409A”).

  • In consideration of the performance by Employee of [his or her] obligations pursuant to this Release, the Company agrees, subject to this Release becoming effective, to pay Employee in full as outlined in the Severance Letter Agreement dated [Date] (“Severance Agreement”).

  • This letter agreement replaces and supersedes any prior agreement or letter with respect to severance between you and ▇▇ ▇▇▇▇▇▇, including the Prior Severance Letter, which shall no longer have any force or effect.

  • No other agreement (other than awards made in accordance with the terms of one of the Company's applicable compensatory plans, programs or arrangements) relating to the terms of Executive's employment by the Company, oral or otherwise, including, without limitation, the Severance Letter dated March 14, 2000 and the Change in Control Agreement dated March 15, 2000, between the Executive and the Company, shall be binding between the parties.

  • Employee further acknowledges that, other than the Option Agreements and the Non-Competition Agreement, this Agreement shall supersede each agreement entered into between Employee and the Company regarding Employee’s employment, including, without limitation, the Offer Letter and the Severance Letter, and each such agreement shall be deemed terminated and of no further effect as of the Separation Date.

  • In consideration of Employee’s execution of and abiding by this Agreement, Employee will be eligible to participate in the Tier I Severance Plan, consistent with the terms of the Severance Letter, and the Company has agreed to continue Employee’s employment on an at-will basis.

  • This Agreement constitutes the entire agreement between you and the Company, and replaces all prior and contemporaneous agreements, whether written or oral, with respect to the subject matter of this Agreement and all related matters; it being understood that the Severance Letter and all other agreements incorporated herein by reference shall remain in effect in accordance with their terms.

  • You will be eligible to receive your 2025 Bonus and 2026 Bonus unless you voluntarily resign your employment without Good Reason, or your employment is terminated by the Company for Cause under your Severance Letter, prior to the earlier of the applicable bonus payment date or the Separation Date.

Related to Severance Letter

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

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Severance Plan means any severance plan maintained by the Company that is applicable to the Participant.

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