For the avoidance of doubt, the taxable payment in lieu of COBRA reimbursements may be used for any purpose, including, but not limited to continuation coverage under COBRA, and will be subject to all applicable tax withholdings.(b) Timing of Severance Payments.
Severance Payments shall have the meaning set forth in Section 6.1 hereof.
Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)
Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.
Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.
Severance Benefit means the payment of severance compensation as provided in Article III.
Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.
Termination Benefits means the benefits described in Section 4.1(b).
Period of Severance means a continuous period of time during which an Employee is not employed by the Employer. Such period begins on the date the Employee retires, quits or is discharged, or if earlier, the twelve (12) month anniversary of the date on which the Employee was otherwise first absent from service.
Termination Benefit means the benefit set forth in Article 7.
Regular benefits ’ means benefits payable to an individual under this act or under any other state law, including benefits payable to federal civilian employees and to ex-servicemen pursuant to 5 U.S.C. chapter 85, other than extended benefits.
Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.
Change in Control Benefit means the benefit described in Section 2.4.
Compensation Accrued at Termination means the following:
Severance Amount means:
Change in Control Benefits means the following benefits:
Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;
Retention Bonus means the amount equal to:
Retirement Benefit means the benefit set forth in Article 5.
Separation Benefits has the meaning accorded such term in Section 3.04.
Employment benefits means all benefits provided or made
Severance from Employment means severance from employment with the Employer and any Related Entity. However, a Severance from Employment also occurs on any date on which an Employee ceases to be an employee of a public school, even though the Employee may continue to be employed by a Related Employer that is another unit of the State or local government that is not a public school or in a capacity that is not employment with a public school (e.g., ceasing to be an employee performing services for a public school but continuing to work for the same State or local government employer).
Final compensation of a member means:
Severance from Service Date means the earlier of:
Bonus Payments means that portion of the bonus payments received by the
Bonus Compensation shall have the meaning set forth in Section 3(b).
Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.