Special Severance Bonus definition

Special Severance Bonus means: an amount equal to the aggregate bonus under the Executive Bonus Plan for the year in which the Executive incurs a Termination of employment to which the Executive would otherwise have been entitled had his employment not terminated.
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Special Severance Bonus means: an amount equal to the aggregate annual bonus under the Executive Bonus Plan for the year in which the Executive incurs a Termination of employment to which the Executive would otherwise have been entitled had her employment not been terminated, provided, however, for any bonus (or portion thereof) under the Executive Bonus Plan based on the individual attainment of goals and objectives, “Special Severance Bonus” shall mean, subject to the achievement of any metric or threshold as a precondition for eligibility to receive such bonus, an amount equal to the annual target bonus for the year in which the Executive incurs a Termination of employment, regardless of whether the Executive would otherwise have achieved such bonus had her employment not been terminated.
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Special Severance Bonus means: an amount equal to the aggregate annual bonus under the Executive Bonus Plan for the year in which the Executive incurs a Termination of employment to which the Executive would otherwise have been entitled had his employment not been terminated, provided, however, for any bonus (or portion thereof) under the Executive Bonus Plan based on the individual attainment of goals and objectives, “Special Severance Bonus” shall mean, subject to the achievement of any EBITDA threshold as a precondition for eligibility to receive such bonus, an amount equal to the annual target bonus for the year in which the Executive incurs a Termination of employment, regardless of whether the Executive would otherwise have achieved such bonus had his employment not been terminated.
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Examples of Special Severance Bonus in a sentence

  • The Special Severance Bonus shall be paid to the Executive in a single lump sum cash payment on the date that bonuses are paid under the Executive Bonus Plan, but in no event later than March 15th of the calendar year following the calendar year in which the Executive’s employment terminates.

  • Subject to the Release Requirement being met and the Executive’s compliance with the provisions of Section 3 of this Agreement, in the event that the Executive incurs a Termination of employment pursuant to this Section 2.2, the Employer (or any successor thereto) shall pay to the Executive a single lump sum cash payment equal to the Special Severance Payment and the Special Severance Bonus.

  • Subject to the provisions of this Agreement and the Executive’s compliance with Section 4 of this Agreement, in the event that the Executive incurs a Termination of employment pursuant to this Section 2.2, the Employer (or any successor thereto) shall pay to the Executive a single lump sum cash payment equal to the Special Severance Payment and the Special Severance Bonus.

  • The amount of the Special Severance Bonus will correspond to the duration of your employment with the Company prior to Involuntary Termination, as determined according to the table below, provided that the Amount of the Special Severance Bonus will, in any case, be reduced by the total of all Longevity Bonus amounts paid or payable.

  • The amount determined as set forth under the heading "Special Severance Bonus; Stay Incentive Bonus - Special Severance Bonus" below.

  • AMOUNT OF SPECIAL DATE OF INVOLUNTARY TERMINATION SEVERANCE BONUS Before 1 January 2001 75,000 Pounds Sterling On or after 1 Jan 01 but before 1 July 01 152,000 Pounds Sterling On or after 1 July 01 but before 1 Jan 02 232,000 Pounds Sterling On or after 1 Jan 02 but before 1 July 02 314,000 Pounds Sterling On or after 1 July 02 400,000 Pounds Sterling [EXULT LOGO] If at the time for payment of any Longevity Bonus or Special Severance Bonus, you are indebted to the Company or Exult, Inc.

  • Shortly after our engagement, we worked with the University to identify current employees who may have relevant information on their computer systems and to issue a broad document preservation order to those employees.

  • Again cakes were mixed with aloevera juice and buttermilk and kept in electric muffie furnace at 7000C.

  • Special Severance Bonus; Stay Incentive Bonus --------------------------------------------- Special Severance Bonus.

  • In addition, if your employment is terminated by the Company without cause or misconduct, as such terms are defined in your employment agreement or the Company's Employment Handbook ("INVOLUNTARY TERMINATION"), and you continue to comply with all post-employment obligations to the Company and its affiliates until the first anniversary of the date of Involuntary Termination, then on such first anniversary the Company will pay you a Special Severance Bonus.


More Definitions of Special Severance Bonus

Special Severance Bonus means: an amount equal to the aggregate annual bonus under the Executive Bonus Plan for the year in which the Executive incurs a
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Related to Special Severance Bonus

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s 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)