Severance Package definition

Severance Package means:

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Severance Package means your right to receive, and the Company’s obligation to pay and/or perform the following:

Severance Package means your right to receive, and the Company's obligation to pay and/or perform on, the following:

Examples of Severance Package in a sentence

If you, or anyone acting on your behalf, breaches any representation or any obligation under this Release or any of the Covenants, the Company may, in addition to any other legal or equitable remedies it may have, terminate all portion of the Severance Package not yet paid or provided to you and recover all portions of the Severance Package previously paid or provided to you.
If you timely execute and do not revoke this Release, then this Release, and your entitlement to the Severance Package, will become effective on the eighth day after you execute this Release.
You agree to and hereby accept the Severance Package in full compromise and settlement of all claims, demands, causes of action of whatsoever nature accrued or unaccrued, federal or state, equitable or legal occurring during, arising out of or related to your employment and/or termination of employment with the Company, including but not limited to the claims referenced in Section 1.
You and the Company also acknowledge that money damages would not be sufficient remedy for any breach of this Exhibit B by you, and the Company shall be entitled to enforce the provisions of this Exhibit B by terminating any portion of the Severance Package then owing to you under the Agreement or otherwise and to specific performance and injunctive relief as remedies for such breach or any threatened breach.
However, if it is determined that you have not committed a breach of this Exhibit B, then the Company shall resume payment of the Severance Package due under the Agreement and pay to you all portions of the Severance Package that had been suspended pending such determination.

More Definitions of Severance Package

Severance Package means your right to receive, and the Company’s obligation to pay and/or perform on, the following:

Severance Package has the meaning ascribed to it in each of sections "3.2", "3.3", "3.5", "3.7" and "3.8" hereinbelow;

Severance Package is defined as follows: (a) Continuation of Executive’s ending Base Salary for a twelve (12) month period following the Termination Date, payable pursuant to ParkerVision’s customary payroll schedule. (b) Payment of the bonus described in subparagraph 8(c) above, prorated by the number of weeks Executive worked in the fiscal year divided by fifty two (52), determined and payable when bonuses for those Similarly Situated Executives who worked through the fiscal year are determined and paid. (c) If Executive timely elects group health insurance continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA), payment of the premiums for such coverage for the period of time during which the Executive would be entitled (or would, but for such plan, be entitled) to continuation coverage under a group health plan of ParkerVision under section 4980B of the Internal Revenue Code if Executive elected such coverage and paid the applicable premiums. (d) If the Termination Date occurs within two (2) years after a Change in Control (as defined below) while this Agreement is in effect, in lieu of the severance component in subparagraph 14(a) above, 300% of his greatest final annual Base Salary over the term of this Agreement, plus an amount equal to the greater of: (i) the bonus or annual incentive compensation earned by Executive during the prior full fiscal year before a Change in Control, (ii) the average of the bonus or annual incentive compensation earned by Executive during the three (3) full fiscal years, or that number of full fiscal years Executive was employed by ParkerVision if less, before a Change in Control based on the years in which Executive was eligible to receive such compensation; or (iii) if not entitled to any bonus or annual incentive compensation during any of the three (3) years before the Change in Control, the amount set forth in subparagraph 14(b) above as if no Change in Control had occurred. (e) If Executive qualifies as a “specified employee” under regulations pursuant to Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), and the Executive experiences a “separation from service”, as defined in the regulations under Section 409A the foregoing provisions shall be subject to the following modifications: (i) Payments due within six (6) months of the Termination Date shall not exceed two times the lesser of: (1) the sum of Executive's annualized compensation based upon the annual rate of p...

Severance Package has the meaning ascribed to it in section "3.2" hereinbelow;

Severance Package means the benefits to be received by Executive pursuant to Sections 8.3(b), 8.3(c), 8.3(d) and 8.3(e).

Severance Package means: (i) The Company shall provide the Consultant with a payment equal to one times his annual compensation (based on the Consultant's annual compensation at the time of his termination of employment), structured and paid in accordance with the Consultant's instructions, subject to the Company's statutory obligations;

Severance Package has the meaning set forth in Section 5.14.