Employment and Severance. (a) Subject to Section 3(c) below, if the Employee is terminated by the Company for reasons other than "for Cause" or due to the Employee's "Disability" (as those terms, respectively, are defined in Sections 3(d)(ii) and (i) hereof), such Employee shall receive a continuation of his Base Salary (as defined in Section 3(d)(iii) hereof) and certain other benefits as hereinafter provided ("Other Benefits", and collectively with such Base Salary, "Severance Benefits") for a period of twelve (12) months from and after the Date of Termination (as defined in Section 3(d)(iv)) ("Extension Period"); provided, however, that from and after the Date of Termination the Employee shall not receive or be entitled to any continuation of any bonus, incentive or profit sharing participation or eligibility for any part or all of the Company's fiscal year in which the Date of Termination occurs or for any part of the Extension Period. Except as provided below, such Base Salary during the Extension Period shall be paid in accordance with the Company's normal payroll schedule. If, however, during the Extension Period the Employee commences regular full-time employment elsewhere, the ongoing Severance Benefits shall cease as of the date of commencement of such employment; provided, however, that as of such date a calculation shall be made to determine the aggregate amount of Base Salary (excluding Other Benefits) that remains unpaid and which the Employee would have otherwise been entitled to receive during the remaining portion of the Extension Period, and the Company shall promptly pay the Employee a lump sum (minus withholdings and other required deductions) of an amount equal to one-half (1/2) of such unpaid amount.
Employment and Severance. A. The parties to this Agreement herewith impose a mandatory duty on all employers to conform with the approved Apprenticeship Committee standards in the ratio of apprentices to journeymen, provided the Apprenticeship Committee approves the shop as an appropriate training shop for apprentices.
Employment and Severance. A. The parties to this Agreement herewith impose a mandatory duty on all Employers to abide by the apprenticeship standards adopted by the Joint Apprenticeship Committee and approved under the provisions of the Xxxxxx-Xxxxxx Act of the State of California.
Employment and Severance. SiRF shall use its best efforts to provide employment for the Hired Employees and Transferred Employee for a period of one (1) year following the Closing Date. However, should business conditions require staffing reductions during this one year period, SiRF agrees to provide severance packages in accordance with Motorola’s policy or practice relating to severance then in effect at time of employee separation, (but not to exceed policy or practice in effect at time of Closing) a copy of which shall be provided to SiRF. Following this one (1) year period, in the event SiRF decides to terminate the employment of any Hired Employee or the Transferred Employee, SiRF agrees to provide a severance package pursuant to its established severance program or applicable law. Motorola acknowledges that this provision in no way restricts SiRF’s right to terminate Hired Employees or the Transferred Employees with or without cause, nor does it relieve SiRF of its obligation to pay severance to the Transferred Employee in accordance with applicable law, regardless of the time at which SiRF undertakes any staffing reductions.
Employment and Severance
