{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "amount-paid", "type": "definition", "offset": [10, 21]}, {"key": "termination-of-the", "type": "clause", "offset": [78, 96]}, {"key": "amount-earned", "type": "definition", "offset": [142, 155]}, {"key": "the-contract", "type": "definition", "offset": [186, 198]}, {"key": "date-of-termination", "type": "definition", "offset": [209, 228]}, {"key": "salary-and-benefits", "type": "definition", "offset": [294, 313]}, {"key": "condition-of", "type": "clause", "offset": [332, 344]}, {"key": "payments-to", "type": "clause", "offset": [382, 393]}, {"key": "employed-by", "type": "definition", "offset": [430, 441]}, {"key": "contracts-with", "type": "clause", "offset": [476, 490]}, {"key": "district-services", "type": "clause", "offset": [519, 536]}, {"key": "payments-in", "type": "clause", "offset": [554, 565]}, {"key": "compensation-for-the", "type": "clause", "offset": [603, 623]}, {"key": "termination-of-a", "type": "clause", "offset": [630, 646]}, {"key": "prior-employment-agreement", "type": "definition", "offset": [647, 673]}, {"key": "payment-for", "type": "clause", "offset": [706, 717]}, {"key": "threatened-litigation", "type": "clause", "offset": [728, 749]}, {"key": "related-to", "type": "definition", "offset": [763, 773]}, {"key": "the-employment-contract", "type": "clause", "offset": [774, 797]}, {"key": "education-code", "type": "clause", "offset": [799, 813]}], "size": 117, "samples": [{"hash": "eF6sq48eyYT", "uri": "https://pol.tasb.org/Policy/Download/1265?filename=BJCE(LEGAL).pdf", "label": "Contract", "score": 13.0616016388, "published": false}, {"hash": "172YqjGjXPQ", "uri": "https://pol.tasb.org/Policy/Download/480?filename=BJCE(LEGAL).pdf", "label": "Contract", "score": 13.0506505966, "published": false}, {"hash": "aaStFQv7xAN", "uri": "https://pol.tasb.org/Policy/Download/643?filename=BJCE(LEGAL).pdf", "label": "Contract", "score": 13.0424365997, "published": false}], "snippet": "means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent\u2019s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. 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"snippet": "shall have the same meaning as the term \"parachute payment\" defined in Section 280G(b)(2) of the Code.", "hash": "ade53e8d38d5979a2fd8672ff1d9baa2", "id": 2}, {"snippet_links": [], "size": 81, "samples": [{"hash": "jwWM8EM0c6", "uri": "/contracts/jwWM8EM0c6#severance-payment", "label": "Employment Agreement (Summit Midstream Corp)", "score": 35.5817947388, "published": true}, {"hash": "dD6VunSkWRt", "uri": "/contracts/dD6VunSkWRt#severance-payment", "label": "Employment Agreement (Summit Midstream Corp)", "score": 35.5817947388, "published": true}, {"hash": "93b4dZQHxcj", "uri": "/contracts/93b4dZQHxcj#severance-payment", "label": "Employment Agreement (Summit Midstream Corp)", "score": 35.5817947388, "published": true}], "snippet": "shall have the meaning set forth in Section 5(b)(i).", "hash": "1face85a81f5cc013ad2dbdd8ddcfe20", "id": 3}, {"snippet_links": [{"key": "amount-paid", "type": "definition", "offset": [10, 21]}, {"key": "termination-of-the", "type": "clause", 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paid by a board to or in behalf of a superintendent on early termination of the superinten- dent\u2019s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)", "title": "Severance Payment", "id": "severance-payment", "examples": ["On the first payroll date following the effectiveness of the Separation Agreement, the Company will make the first payment to the insurer under this clause (and, in the case of the Special <strong>Severance Payment</strong>, such payment will be to you, in a lump sum) equal to the aggregate amount of payments that the Company would have paid through such date had such payments instead commenced on the Separation Date, with the balance of the payments paid thereafter on the schedule described above.", "Except as expressly provided in Sections 4(a) and 4(b), upon the Employment Termination Date (i) all of Executive\u2019s rights to Base Salary and Benefits (except as mandated by applicable law) hereunder (if any) shall cease and (ii) no other severance, compensation, or retirement benefits shall be payable by the Ladder Companies to Executive other than the Elective <strong>Severance Payment</strong> (as defined in Section 9(a)) if the Company has made a Non-Competition Extension Election.", "The <strong>Severance Payment</strong> shall be paid in twelve (12) equal monthly installments commencing after Executive\u2019s termination of employment, subject to all legally required payroll deductions and withholdings.", "Provided Employee has not breached any of the provisions of this Agreement, and provided Employee has signed and not rescinded this Agreement within the Rescission Periods, as hereinafter defined, Company agrees to pay to Employee a <strong>Severance Payment</strong> of _________________ Dollars ($__________) (\u201c<strong>Severance Payment</strong>\u201d), which is equal to _____ (__) [week/months] of Employee\u2019s annual base salary calculated at Employee\u2019s regular rate of pay as of the date of this Agreement.", "If Vision Marine US terminate Executive\u2019s employment without Cause or Executive terminates his employment for Good Reason within two (2) years following a Change in Control, the termination shall be treated as a termination pursuant to Section 6(c) above; provided, however, that the <strong>Severance Payment</strong> shall be increased to two times (2X) Executive\u2019s Base Salary.", "Employee acknowledges and agrees that the <strong>Severance Payment</strong> constitutes full and complete satisfaction of the amounts payable under Section 3.a. of the Retention Agreement.", "Employee will receive the <strong>Severance Payment</strong>, less applicable deductions and withholdings, on the first business day after the sixtieth (60th) day following the Termination Date.", "Any such entitlement shall be deemed to be included in the <strong>Severance Payment</strong>, or may be deducted therefrom should it need to be paid separately to the Employee.", "In no event shall payment of the Additional Amount to Executive extend beyond the <strong>Severance Payment</strong> Period.", "Any salary paid to Executive by Vision Marine US in lieu of notice shall not be offset against any entitlement Executive may have to the <strong>Severance Payment</strong> pursuant to Section 6(c)(i) below."], "related": [["severance-payments", "Severance Payments", "<strong>Severance Payments</strong>"], ["severance-pay", "Severance Pay", "Severance Pay"], ["severance-benefit", "Severance Benefit", "Severance Benefit"], ["severance-amount", "Severance Amount", "Severance Amount"], ["severance-benefits", "Severance Benefits", "Severance Benefits"]], "related_snippets": [], "updated": "2026-05-03T04:25:59+00:00"}, "json": true, "cursor": ""}}