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 compensation in addition to regular salaries and wages that is paid by a school to an employee whose employment is being terminated.
Examples of Severance Pay in a sentence
Severance pay shall be calculated at the HPSOR\HH¶V EDVH KRXUO\ UDWH 7R UHFHLYH W VLJQ D UHOHDVH RI DQ\ DQG DOO FODLPV DULVL employment (including claims arising under this Agreement) that the employee or Union may have against the City, including any City officer or employee.
Severance pay for all administrators hired on or after July 1, 1999 shall be compensated at the rate of $100.00 per day for one hundred percent (100%) of accumulated unused sick leave payable upon retirement.
More Definitions of Severance Pay
Severance Pay means the amount, if any, payable under Section 4 of the Plan to an Eligible Employee.
Severance Pay means the amounts payable as set forth in Section 5(a).
Severance Pay has the meaning set forth in Section 6(b)(i).
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 means the sum payable to a Covered Employee upon Termination of Employment as set forth in Section 3.1 of the Plan.