Examples of Special Severance Payment in a sentence
Such Special Severance Payment shall end upon expiration of the COBRA Payment Period.
Management's Discussion and Analysis of Financial Condition and Results of Operations Liquidity and Capital Resources, page 54 Jeffrey Tarr FirstName LastNameJeffrey Tarr Skillsoft Corp.
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 Severance Payment, 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.
On the first payroll date following the effectiveness of the Release, the Company will make the first payment to the insurer under this clause (and, in the case of the Special Severance Payment, 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 date of your Involuntary Termination, with the balance of the payments paid thereafter on the schedule described above.
Executive is not obligated to use such Special Severance Payment for COBRA premiums.