Standard Severance definition

Standard Severance means the applicable severance amount that would apply for the Executive as set forth on Exhibit A attached hereto, as such Exhibit may be updated by the Company from time to time to reflect the Company’s then-prevailing severance practices, provided that Exhibit A may not be modified in a manner adverse to the Executive during the 90 day period preceding or at any time after the occurrence of a Change in Control.
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Standard Severance means the applicable severance amount that would apply for the Executive as set forth on E xhibit A attached hereto, as such Exhibit may be updated by the Company from time to time to reflect the Company’s then-prevailing severance practices, provided that Exhibit A may not be modified in a manner adverse to the Executive during the 90 day period preceding or at any time after the occurrence of a Change in Control.
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Examples of Standard Severance in a sentence

  • In addition, the Company may terminate the payment of any remaining Change of Control Severance Benefits or Standard Severance Benefits in the event of a breach or threatened breach of any of the covenants set forth in this Section 7.

  • If the Executive's employment with the Company is terminated (i) by the Company without Cause or (ii) by the Executive for Good Reason, in each case other than during the Post Change of Control Period, the Executive shall be eligible for the benefits described in Section 4.2 (the "Standard Severance Benefits").

  • Notwithstanding anything in this Agreement to the contrary, neither the Retention Bonus, the Change of Control Severance Benefits nor the Standard Severance Benefits shall be payable to the Executive pursuant to this Agreement unless and until the eighth (8th) day after the Executive executes, in each case, a general release in the form of Exhibit A attached hereto (the "Release").

  • The Standard Severance Amount will equal one and one-half times Executive’s highest annual base salary in effect during the 12 months preceding the termination of Executive’s employment.

  • Standard Severance Benefits" shall mean the benefits described in Section 3(A) of the Officer Agreement.

  • One-half (1/2) of the Standard Severance Payment shall be paid to Executive in twelve (12) equal monthly installments, with the first such payment due on the last day of the first full calendar month following the date of termination.

  • One-half (1/2) of the Standard Severance Payment shall be paid to Executive in a lump sum on the sixtieth (60) day following the date of termination.

  • Except under circumstances described in subparagraph 3.b(2) below, if Company terminates Executive's employment without Cause, and Executive signs a complete waiver and release of claims against Qwest acceptable to Company in the form attached hereto as Attachment A ("Waiver"), then Company shall pay Executive the "Standard Severance Amount" defined below.

  • Subsections (i), (ii), (iii) and (iv) are referred to as the “Standard Severance.” The Standard Severance is expressly subject to the conditions described in Section 4(d) below, and any payment or benefit made as part of such Standard Severance shall be paid less all customary and required taxes and employment-related deductions.

  • As stated in Company’s Non-Competition, Non-Solicitation, Non-Disclosure, and Intellectual Property Agreement, in the event Executive is eligible for garden leave or analogous payments in support of non-competition obligations, then Company reserves the right to offset the Standard Severance or Change in Control Severance with such garden leave or analogous payments to the extent permitted by applicable law.