Examples of Tier 3 Employee in a sentence
A cash payment equal to the annual base salary as in effect immediately prior to the Severance Date, multiplied by (A) in the case of a Tier 1 Employee, 2.0, (B) in the case of a Tier 2 Employee, 1.0, and (C) in the case of a Tier 3 Employee, 0.5. For purposes of this Section 2.1(a)(i), annual base salary shall be the amount in effect immediately prior to the Severance Date without regard to any voluntary salary reductions that may be in effect immediately prior to the Severance Date.
As a condition to participation in the Plan, a Tier 3 Employee shall be obligated to notify the Company’s HR Service Center in writing within 30 days after such Tier 3 Employee first becomes eligible for any health benefit coverage through any subsequent employer(s).
Ms. Hadden noted that Chief Tiernan’s memo said the City had been awarded the money from the Edward Byrne Memorial Justice Assistance grant.
For purposes of this Section, annual base salary shall be determined immediately prior to the Severance (without regard to any reductions therein which constitute Good Reason for termination by a Tier 3 Employee).
Each Tier 3 Employee who incurs a Severance shall be entitled, subject to Section 2.12, to receive Severance Pay equal to the sum of his or her annual base salary, his or her highest annual bonus received in the three years immediately preceding the year in which the Change in Control occurs, and the value of matching contributions made by the Company to the Savings Plan on his or her behalf with respect to the calendar year immediately preceding the calendar year of the Change in Control.