Severance Period definition

Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.
Severance Period shall have the meaning set forth in Section 5(b).
Severance Period means the period beginning on the date Executive's employment with Employer terminates under circumstances described in subsection 3(a) and ending on the date 36 months thereafter.

Examples of Severance Period in a sentence

  • After the Severance Period, Employee will no longer be covered by API’s Medical Plans.

  • After the Severance Period, Employee will have any conversion rights available under the Insurance Plans.

  • The period during which Employee will be entitled to continuation coverage under COBRA shall begin on the day after the Severance Period.

  • Notwithstanding the foregoing, in no event will API pay for or continue Employee’s coverage under the Medical Plans during the Severance Period if Employee becomes eligible for coverage under another group health plan.


More Definitions of Severance Period

Severance Period means the period commencing on the date of Involuntary Termination and continuing for 24 months thereafter.
Severance Period means the period of 18 months following the termination of Executive's employment with the Company.
Severance Period means if the Executive’s employment shall be terminated by the Company without Cause or by the Executive’s resignation for Good Reason, the period beginning on the Date of Termination and ending on the first (1st) anniversary of the Date of Termination.
Severance Period means the period of time commencing on the Change of Control Date or the Termination Date, as the case may be, and ending on the first anniversary thereof.
Severance Period means the period from the date of termination through the remaining current Term of Employment, or, in the event that Executive receives notification of an Additional Term, the period from the date of termination to the end of the Additional Term; and
Severance Period means the period following a termination of Employment during which a Grantee is entitled to receive both salary continuation payments and continued participation under the health benefit plans of the Company or any of its Affiliates, whether pursuant to a separation agreement or an employment contract with, or a severance plan or other arrangement maintained by, the Company or any Affiliate.
Severance Period means the period of 12 months immediately following the Date of Termination (as defined in Section 3.2(a) below).