SEVERANCE AND LAY Sample Clauses

SEVERANCE AND LAY. OFF PAY 9
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SEVERANCE AND LAY. OFF PAY 7 ARTICLE 16.00 - LEAVE OF ABSENCE. 7
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SEVERANCE AND LAY. OFF PAY - Severance and lay-off pay as per Company Policy.
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SEVERANCE AND LAY. OFF PAY 10 20.01 SEVERANCE AND LAYOFF PAY 10 ARTICLE 21.0 - JURY DUTY 10 21.01 A. JURY DUTY 10 ARTICLE 22.0 - DISMISSED OR IMPROPER CHARGES 10 22.01 DISMISSED OR IMPROPER CHARGES 10 ARTICLE 23.0 - EDUCATION AND UPGRADING 10 23.01 EDUCATION AND UPGRADING - REIMBURSEMENT 10 23.02 TRAINING AND UPGRADING - SELECTION 10 23.03 TRAINING TIME 11 23.04 SAFETY TRAINING 11 ARTICLE 24.0 - JOB POSTING 11 24.01 NEW JOB 11 24.02 EMPLOYEES APPLYING 11 24.03 JOB POSTING - OUTSIDE XXXX 00 24.04 JOB POSTING - WITHIN UNIT 11 ARTICLE 25.0 - SICK LEAVE 11 25.01 SICK LEAVE 11 ARTICLE 26.0 - HEALTH & W ELLNESS and PENSION 11 26.01 HEALTH BENEFITS 11 26.02 PENSION CONTRIBUTION 11 ARTICLE 27.0 - DISMISSAL 12 27.01 Disciplinary Procedures 12 27.02 WARNING 12 27.03 WARNING NOTICE 12 27.04 DISCHARGE NOTICE 12 27.05 INVESTIGATION 12 27.06 INVESTIGATION COMMITTEE 12 27.07 INVESTIGATION COMMITTEE REPORT 12 27.08 INVESTIGATION TIME LIMIT 12 27.09 INVESTIGATION COMMITTEE - NO DECISION 12 27.10 DISCIPLINARY ITEM REMOVED 12 ARTICLE 27.0 - SAVINGS CLAUSE 13 27.01 EMPLOYED 13 27.02 HIGHER WAGES 13 27.03 INVALID ARTICLE 13 27.04 INVALID ARTICLE REMEDY 13 ARTICLE 28.0 - DURATION AND AMENDMENT OF AGREEMENT 13 28.01 EFFECTIVE 13 28.02 AGREEMENT COMPLETE 13 SIGNATURE PAGE 14 APPENDIX A 15 Index AGREEMENT COMPLETE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 ANY MATTER RELATING TO OR INVOLVING. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 ARBITRATOR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 ARBITRATORS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 XX XXX. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Sample 1
SEVERANCE AND LAY. Off. For a period beginning on the Closing Date and ending twelve (12) months following the Closing Date, Buyer may terminate the employment of, or lay off, any Transferred Employee, provided that any such Transferred Employee terminated or laid-off without Cause and any Business Employee who does not accept Buyer's offer of employment shall be entitled to receive severance payments and severance benefits no less favorable than the greater of the payments and benefits provided by Seller, as set forth on Schedule 2.3.1(G)(1), or by Buyer, as set forth on Schedule 2.3.1(G)(2) ("Buyer's Severance Policy"). For purposes of this subparagraph, "Cause" shall mean as determined in the good-faith discretion of Buyer. With respect to not more than (i) 100 full-time and (ii) 100 part-time, Business Employees or Transferred Employees who are eligible for benefits pursuant to this Section 2.3.1(G), Buyer shall be reimbursed by Seller for any amount associated with severance payments and benefits in excess of the amount that would be paid under Buyer' Severance Policy in accordance with the provisions of Section 2.3.5 hereof.
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Related to SEVERANCE AND LAY

  • Severance and Change in Control Benefits The Committee has designated you a participant in the Company’s Executive Change in Control and Severance Plan (the “Policy”), attached as Exhibit A to this Agreement. As a participant in the Policy, you will be eligible to receive severance payments and benefits upon certain qualifying terminations of your Employment as set forth in Exhibit B to this Agreement (the “Participation Terms”), subject to the terms and conditions of the Policy. By signing this Agreement, you agree that this Agreement, the Policy, and the Participation Terms constitute the entire agreement between you and the Company regarding the subject matter of this paragraph and supersede in their entirety all prior representations, understandings, undertakings or agreements (whether oral or written and whether expressed or implied), and specifically supersede any severance and/or change of control provisions of any offer letter, employment agreement, or equity award agreement entered into between you and the Company. For the avoidance of doubt, all other terms of any equity awards granted to you by the Company will remain in effect.

  • Severance Agreement Any payments of compensation made pursuant to Articles 4 and 5 are contingent on Executive executing the Company’s standard severance agreement, including a general release of the Company, its owners, partners, stockholders, directors, officers, employees, independent contractors, agents, attorneys, representatives, predecessors, successors and assigns, parents, subsidiaries, affiliated entities and related entities, and on Executive’s continued compliance with Section 6. Executive must execute the standard severance agreement and release within 45 days of being provided with the document to sign or the severance agreement offer will expire.

  • Severance and Validity The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect.

  • Exclusive Severance Benefits The Severance Benefits payable under Section 6.4(a) or the Change of Control Benefits payable under Section 6.4(b), if they become applicable under the terms of this Agreement, will be in lieu of any other severance or similar benefits that would otherwise be payable under any other agreement, plan, program or policy of the Company.

  • Severance Compensation In the event (i) Employee terminates this Agreement for Good Reason in accordance with Paragraph 11.3 hereof; (ii) Employee is terminated for any reason (except death or disability) upon, or within six months following, a "Change in Management or Control (as such term is defined in Paragraph 11.5 hereof);" or (iii) Employee is terminated without Cause, the Company shall be obligated to pay severance compensation to Employee in an amount equal to his salary compensation (at the rate payable at the time of such termination) for a period of six (6) months from the date of termination. Notwithstanding the foregoing, if Employee is employed by a new employer, or as a consultant after the termination of this Agreement, the severance compensation payable to Employee hereunder shall be reduced by the amount of compensation that Employee actually receives from the new employer, or as a consultant. However, Employee shall have a duty to inform the Company that he has obtained such new employment, and the failure to do so is a material breach of this Agreement. In such event, the Company shall be entitled to (i) cease all payments to Employee under this Paragraph 11.4; and (ii) recover any unauthorized payments to Employee in an action for breach of contract. Notwithstanding anything else in this Agreement to the contrary, solely in the event of a termination upon or following a Change in Management or Control, the amount of severance compensation paid to Employee hereunder shall not include any amount that the Company is prohibited from deducting for federal income tax purposes by virtue of Section 280G of the Internal Revenue Code of 1986, as amended, or any successor provision. In addition to the foregoing severance compensation, the Company shall pay Employee (i) all compensation for services rendered hereunder and not previously paid; (ii) accrued vacation pay; and (iii) any appropriate business expenses incurred by Employee in connection with his duties hereunder and approved pursuant to Section 4 hereof, all through the date of termination. Employee shall not be entitled to any bonus compensation, whether vested or unvested; or any other compensation, benefits or reimbursement of any kind.

  • Severance Plan The term “Severance Plan” shall mean the Assured Guaranty Ltd. Executive Severance Plan.

  • Right to Severance Benefits The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 4.3, if the Executive has incurred a Qualifying Termination. The Executive shall not be entitled to receive Severance Benefits if his employment terminates (regardless of the reason) before the Protected Period (as such term is defined in Section 4.2(c)) corresponding to a Change in Control of the Company or more than twenty-four (24) months after the date of a Change in Control of the Company.

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Severance Pay and Benefits Upon Termination by the Company without Cause or by the Executive for

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