Severance Entitlement. If the Executive's employment is terminated during the Term under the circumstances described in Section 11(c) hereof, in consideration of the Executive's agreements and covenant set forth in this Agreement including the covenant not to compete set forth in Section 15 hereof, the Company shall pay the Executive the amounts, and provide the Executive the benefits, described in this Section 12(a) (the "Severance Payments"), in addition to the Accrued Obligations to which the Executive is entitled under Section 11(a) hereof.
Severance Entitlement. In the event Executive breaches any provision of this Article IV while he is entitled to receive severance pay pursuant to Section 5.1.2 of the Employment Agreement, he shall thereafter cease to have any further right to receive severance pay pursuant to said Section.
Severance Entitlement. In the event HUNTER terminates this Agreement after the introductory period defined in subsection (a) for any reason other than EMPLOYEE's termination for cause as defined in subsection (b), EMPLOYEE shall be entitled to two (2) weeks of base salary as severance for each six (6) months of completed service. In no event shall the severance entitlement exceed four (4) weeks of base salary.
Severance Entitlement. (a) The Executive’s employment with the Company shall be at-will, meaning that both the Executive and the Company will retain the right to terminate the Executive’s employment at any time, with or without Cause or notice.
Severance Entitlement. If the Executive's employment is terminated during the Term under the circumstances described in Section 11(c) hereof, in consideration of the Executive's covenants set forth in this Agreement, including the covenant not to compete set forth in Section 15 hereof, the Company shall pay the Executive the amounts, and provide the Executive the benefits, described in this Section 12(a) (the "Severance Payments"), in addition to the Accrued Obligations to which the Executive is entitled under Section 11(c) hereof. The payments provided in subsections (i) and (iii) of this Section 12(a) shall be paid not later than the fifth day following the Date of Termination.
Severance Entitlement. EMPLOYEE's employment with HUNTER is at-will and can be terminated for any reason, with or without cause, at any time. In the event HUNTER terminates this Agreement for any reason other than EMPLOYEE's termination for cause as defined in subsection (b), EMPLOYEE shall be entitled to advance notice, a severance payment in lieu thereof, or a combination of notice and severance payment solely determined by HUNTER, according to Hunter's policies then in effect.
Severance Entitlement. Except to the extent otherwise required by applicable Law or Order or an Acquired Company Labor Agreement, for the twelve (12) month period immediately following the Closing Date, Buyer shall, or shall cause the Acquired Companies to provide each Transferred Employee whose employment terminates in such period with cash severance no less favorable than the cash severance such employee would have received upon any such Transferred Employee’s termination of employment under the same or similar circumstances immediately prior to the Closing Date under the applicable severance plans, policies or customs and practices of Seller, and for purposes of any severance formula, factoring in his or her additional length of service and changes in his or her eligible pay between the Closing Date and the date of his or her termination.
Severance Entitlement. Employer acknowledges and agrees that, upon the termination of Employee’s employment with Employer on the Termination Date (as defined below), and except as provided in Sections 5.3 and 5.4 below, Employee will be entitled to receive severance compensation and benefits in accordance with Employer’s Officer Severance Plan (As Amended and Restated Effective January 1, 2009), as amended (the “2009 OSP”), as contemplated by Section 4 (Amount and Payment of Severance Benefits) thereof. Employee’s receipt of such severance compensation and benefits will be subject to Employee’s compliance with the terms of the 0000 XXX, including Employee’s timely execution and delivery of, and compliance with, a written employment separation agreement in the form of the agreement attached to the 0000 XXX. Employee’s Severance Allowance (as defined in the 0000 XXX) will be determined based on Employee’s Annual Compensation (as defined in the 0000 XXX) on the Termination Date. For purposes of calculating Annual Compensation in accordance with Section 2(c) of the 2009 OSP and specifically the average of the annual aggregate amounts of the bonus payments earned by Employee for services rendered during the three calendar years immediately preceding termination, if Employee’s bonus for the immediately preceding calendar year is not earned and determinable on the Termination Date, then the three-year average will be based on the amounts of the bonus payments earned for services rendered during the three calendar years immediately preceding such immediately preceding calendar year.
Severance Entitlement. 28.1 In the event that the Company must initiate layoffs, all affected permanent employees with a minimum of twelve (12) months continuous service will be entitled to severance pay as follows: • more than one year and less than 5 years of service: 7.5 days per year of service • more than 5 years of service: 10 days per year of service
Severance Entitlement. (a) Laid off Regular Employees who are not successful in bumping into another position within the bargaining unit are entitled to receive severance based upon their Company seniority.
