Severance Term definition
Severance Term means the twenty-four (24) month period following Executive’s termination by the Company without Cause (other than by reason of death or Disability) or by Executive for Good Reason.
Severance Term means the six (6) month period following Employee’s termination by the Company without Just Cause (other than by reason of death or Disability) or by Employee for Good Reason; provided, that if such termination occurs within twelve (12) months following a Change in Control, the Severance Term shall be the twelve (12) month period following such termination.
Severance Term means the twelve (12) month period following Executive’s termination of employment.
Examples of Severance Term in a sentence
In the event that the Employee’s employment is terminated by the Company without Cause (other than due to death or Disability), the Employee shall be entitled to (i) the Accrued Obligations and (ii) continued payment of Base Salary during the Severance Term, payable in accordance with the customary payroll practices of the Company.
More Definitions of Severance Term
Severance Term means the period specified in Section 8(d)(iii) below.
Severance Term means the twelve (12) month period, which commences on the first pay day that is at least thirty-five (35) days after the Date of Termination following termination of Executive’s employment by the Company without Cause or by Executive for Good Reason.
Severance Term means, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, the period commencing on the date of such termination and extending through a number of months thereafter determined by multiplying (x) the Severance Multiplier by (y) twelve (12) months.
Severance Term means the nine (9) month period following Employee’s termination by the Company without Cause (other than by reason of death or Disability) or by Employee for Good Reason.
Severance Term means the six month period following the date on which the Term of Employment ends.
Severance Term means the one (1) year period following the date on which the Term of Employment ends.
Severance Term means:
(i) During the Pre-IPO Period, the six (6) months following Executive’s termination by the Company without Cause (other than by reason of death or Disability) or by Executive for Good Reason, assuming no such termination had occurred.
(ii) During the Post-IPO Period, the twelve (12) months following the Executive’s termination by the Company without Cause (other than by reason of death or Disability) or by Executive for Good Reason, assuming no such termination had occurred.