Severance Payments definition

Severance Payments shall have the meaning set forth in Section 6.1 hereof.
Severance Payments means those payments and benefits described in Section 6.1 hereof.
Severance Payments means the payments provided for in Articles 2 and 3 hereof;

Examples of Severance Payments in a sentence

  • In the event that Executive’s employment hereunder is terminated by the Company without Cause or by Executive for Good Reason within two years following or six months prior to a Change in Control, Executive shall receive the benefits described in Section 5(c), except that Executive shall receive the Change-in-Control Severance Payments in lieu of the Severance Payments.

  • In the event that Executive’s employment hereunder is terminated by the Company without Cause or by Executive for Good Reason, Executive shall be entitled to receive the Accrued Benefits and the Severance Payments, except as otherwise provided pursuant to Section 5(d).


More Definitions of Severance Payments

Severance Payments means those payments described in Section 3.2 hereof.
Severance Payments means those payments described in Section 10.1 hereof.
Severance Payments shall have the meaning set forth in Section 3(b)(ii).
Severance Payments is defined in Section 8.4 above.
Severance Payments means the portion of payment, which is awarded for the (premature, initiated by employer) termination of the employment or service agreement. Rules or the use of Severance Payments applies as set out for the respective locations and/or categories of employees as applicable from time to time, e.g. legal entitlements, internal guidelines or works council agreements.
Severance Payments means the payments set forth in Section 2.2(a) below.
Severance Payments means those payments described in Section 5 --------- -------- of this Agreement.