Examples of Tier I Employees in a sentence
Subject to Sections 2.14, 2.15, 2.16 and Section 4 hereof, each Eligible Employee who incurs a Severance during the Change in Control Protection Period shall be provided with appropriate outplacement services as selected by the Company for a period of 1 month with respect to Tier I Employees, 6 months with respect to Tier II Employees, 3 months with respect to Tier III Employees and 1 month with respect to Tier IV Employees.
Tier I Employees include senior executives, support center directors and regional vice presidents and receive severance equal to 12 weeks salary for service up to two years, 16 weeks salary for service between two and five years, and 24 weeks for service five years and beyond.
You agree that, with respect to the definition of "Covered Termination" for Tier I Employees as set forth in Section 6.A.1. of the CIC Severance Pay Plan, clause (ii) thereof shall not apply.
Tier I Employees: Subject to the Conditions and as otherwise set forth herein, an Eligible Employee who is a Tier I Employee will be entitled to cash severance pay in an amount equal to 150% of his or her Base Salary.
The employees of the Company listed on the Eligible Employee Schedule as Tier I Employees or Tier II Employees are eligible to receive the benefits described in this Plan subject to the terms and conditions contained herein.
This Plan shall be construed and enforced according to the laws of the Commonwealth of Virginia.GEOEYE, INC.By: Date:[NAME][TITLE] Exhibit A Tier I Employees • Matthew M.
Tier I Employees shall not be eligible for severance payments pursuant to the Plan, it being understood that this Plan shall not be construed to limit any severance entitlement of a Tier I Employee pursuant to any agreement, plan or program of the Company.