Termination and Severance Costs definition

Termination and Severance Costs means, with respect to an employee or group of employees, any payments due in respect of the termination of their employment and includes, but is not limited to, the cost of pay in lieu of notice, termination pay, severance pay, any bonus payment any person may be entitled to on termination, or any other similar payment legally required to be made to the employees or group of employees, whether by contract, by statute or the common or civil law, upon the termination of their employment, and the costs of any and all employee Claims related to such termination of employment and any costs of defending such Claims.
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Termination and Severance Costs means the costs of pay in lieu of notice, termination pay, severance pay, or any other similar payment legally required to be made by the Company to any employee or former employee of the Company, whether by Contract (including any severance policy), by statute or the common law, upon the termination of their employment (including constructive dismissal or any layoff deemed by Employment Laws to be a termination) and the costs of any and all employee and former employee demands, claims, complaints and Proceedings related to such termination of employment (including any damage awards) and any costs of defending such demands, claims, complaints and proceedings (including all attorneys' fees).
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Examples of Termination and Severance Costs in a sentence

  • ABSENCES OR TARDINESS/ABSENTEE LINEAbsentee Line:Cedar Creek Community School (CCCS) 763-213-8831East Bethel Community School (EBCS) 763-213-8931St. Francis Elementary School (SFES) 763-213-8731Parents are expected to contact the school by telephone for all student absences.

  • Seller shall be responsible only for those Employment Costs and Termination and Severance Costs with respect to any Union Employee or Former Union Employee that do not relate to matters that arose in connection with the transactions contemplated herein and arose prior to the Closing Date.

  • With respect to those Employment Costs and Termination and Severance Costs with respect to any Union Employees or Former Union Employees that Seller is responsible for, (1) Seller shall have an opportunity to participate in any grievance proceedings, arbitrations, labour board, court, or other proceedings connected with such costs; and (2) Seller shall indemnify Purchaser for same provided that such costs are consistent with the Union Contracts or otherwise approved by Seller in writing.

  • In addition and irrespective of whether the Closing occurs, Purchaser shall promptly reimburse Seller for all Termination and Severance Costs as provided in Section 5.2(f)(ii) hereof.

  • Purchaser shall be responsible for all Employment Costs and Termination and Severance Costs with respect to any Union Employees that are claimed after the Closing Date, provided they relate to matters that arose in connection with the transactions contemplated herein or arose on or after the Closing Date.

Related to Termination and Severance Costs

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Accrued Obligations means (i) all accrued but unpaid Base Salary through the date of termination of Executive’s employment, (ii) any unpaid or unreimbursed expenses incurred in accordance with Section 7 hereof, and (iii) any benefits provided under the Company’s employee benefit plans upon a termination of employment, in accordance with the terms contained therein.

  • Reimbursable Expenses means, for any Shared-Loss Quarter, the amount of actual, reasonable and necessary out-of-pocket expenses (other than Capitalized Expenditures), paid to third parties (other than Affiliates of the Assuming Institution) by or on behalf of the Assuming Institution, as limited by Sections 3.2(c) and (d) of Article III of this Commercial Shared-Loss Agreement, to: