Severance Payment Period definition

Severance Payment Period means the period of twenty-four (24) consecutive calendar months immediately following the Employment Termination Date.

Severance Payment Period is any month in which the Executive receives a Severance Payment or in the event of a termination under Paragraph 13(f), the Severance Payment Period is 12 months.

Severance Payment Period means twenty-four (24) months for a Tier 1 Executive, eighteen (18) months for a Tier 2 Executive, and such period as may be specified by the Committee for a Tier 3 Executive.

Examples of Severance Payment Period in a sentence

• In such event, an amount equal to the aggregate installment payments that would have been payable during the Extended Severance Payment Period, and the amounts described in the preceding sentence, shall be deducted from the amount otherwise payable in a lump sum in accordance with the first sentence hereof.

• Executive will receive Company-paid coverage during the Severance Payment Period for Executive and Executive’s eligible dependents under the Company’s Benefit Plans; provided, however, that if during the Severance Payment Period Executive engages in Competition or breaches the covenants in Section 6 or in the Release Agreement, all Company-paid coverage pursuant to this subsection will immediately cease.

• Executive will receive Company-paid coverage during the Severance Payment Period for Executive and Executive’s eligible dependents under the Company’s Benefit Plans; provided, however, that if during the Severance Payment Period Executive engages in Competition or breaches the covenants in Section 12 or in the separation agreement, all Company-paid coverage pursuant to this subsection will immediately cease.

• If the Employee's employment is terminated by the Employee for Good Reason during the term of this Agreement, then the Company shall continue to pay to Employee his current base salary provided for under this Agreement in periodic payments in accordance with its customary payroll practices for a period of until the second (2nd) anniversary date of this Agreement (the "Severance Payment Period").

• The Initial Payment shall include payment for any payroll periods which occur during the Severance Delay Period and the remaining Severance Pay shall continue until the expiration of the Severance Payment Period subject to the provisions of this Agreement.

More Definitions of Severance Payment Period

Severance Payment Period has the meaning given to it in Section 5.2.

Severance Payment Period means, as to any Participant, the Severance Payment Period set forth in Exhibit B applicable to the Participant’s position as of the date of Termination with respect to a Qualifying Termination or a Qualifying Change in Control Termination (but disregarding any diminution in position that has given rise to a Constructive Termination), unless otherwise set forth in the Participation Notice and Agreement.

Severance Payment Period means, as to any Participant, the Severance Payment Period set forth in Exhibit B applicable to the Participant’s position as of the date of Termination (but disregarding any diminution in position that has given rise to a Constructive Termination), unless otherwise set forth in the Participant’s Participation Notice and Agreement.

Severance Payment Period means twelve (12) months, commencing on the Date of Termination.

Severance Payment Period means the period of time during which an Eligible Employee receives Severance Pay pursuant to this Plan and as specified in the Schedule of Benefits.

Severance Payment Period means in respect of a Qualified Termination before or more than twenty-four (24) months following a Change in Control, twelve (12) months and, in respect of a Qualified Termination upon or after but not more than twenty-four (24) months following a Change in Control, eighteen (18) months, in each case, commencing on the Date of Termination.

Severance Payment Period means three years starting from the earlier to occur of: (i) the three month anniversary of the Effective Date of this Agreement and (ii) the Transition Commencement Date.