Severance Pay definition
Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.
Severance Pay means the payment determined pursuant to Section 2.1 hereof.
Severance Pay means the amount, if any, payable under Section 4 of the Plan to an Eligible Employee.
Examples of Severance Pay in a sentence
Severance Pay will not begin until the first regular payroll date following the end of the revocation period (assuming Executive does not revoke the general release of all claims).
Failure to timely execute and return such general release, without revocation, shall be a waiver of Executive’s right to Severance Pay.
Severance Pay shall become payable only if, and Severance Pay is expressly conditioned upon, the Executive delivering to the Company and not revoking within the revocation period (as defined therein) a general release of all claims in a form to be provided by and acceptable to the Company.
More Definitions of Severance Pay
Severance Pay means compensation in addition to regular salaries and wages that is paid by a school to an employee whose employment is being terminated.
Severance Pay means the amounts payable as set forth in Section 5(a).
Severance Pay refers to the cashing out a combination of accrued but unused sick leave, vacation and paid time off (PTO) under certain conditions and subject to the limitations stated in this article herein titled “Severance Pay”.
Severance Pay has the meaning set forth in Section 6(b)(i).
Severance Pay means the sum payable to a Covered Employee upon Termination of Employment as set forth in Section 3.1 of the Plan.
Severance Pay means the sum payable as set forth in Section 3.1 of the Plan.
Severance Pay shall only mean the Executive's base salary at the Severance Rate.