Executive Severance definition

Executive Severance means the obligations of the Company or any of its Subsidiaries to the Executives for severance or termination payments on the change of control of the Company pursuant to any agreements or severance or retention policy (excluding for greater certainty pursuant to any Incentive Awards).
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Executive Severance means the charges and expenses set forth on Schedule 1.1 to this Agreement and all other charges related thereto.
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Executive Severance means, in the case of a Participant’s Qualifying Termination, the Participant’s applicable Severance Multiple times the sum of (i) twelve months of the Participant’s Base Salary, plus (ii) the Participant’s Target Bonus.
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Examples of Executive Severance in a sentence

  • Senior Executive Severance Plan, as amended, such plan also constitutes an “Employee Arrangement” for purposes of this section.

  • The mPRSUs are being issued subject to the terms of the Company’s Executive Severance Policy and Executive Change in Control Policy, as in effect at any time and from time to time (each, a “Policy”).

  • The RSUs are being issued subject to the terms of the Company’s Executive Severance Policy and Executive Change in Control Policy, as in effect at any time and from time to time (each, a “Policy”).

  • Except as provided above, the terms and conditions of the Executive Severance Agreement will remain in full force and effect, including, but not limited to, the requirement that you execute the Release described in Section 3(c) as amended by this Amendment.

  • Any termination payments made and benefits provided to Executive under this Agreement shall be in lieu of any other severance payments or benefits for which Executive may be eligible under the IPG Photonics Corporation Executive Severance Plan, as amended, or any similar or successor plan or under the Worker Adjustment Retraining Notification Act of 1988 or any similar state statute or regulation.

  • A lump sum amount equal to the Executive's unpaid Base Salary (as such term is defined in the Executive Severance Agreement), accrued vacation pay (if any), unreimbursed business expenses, and all other items earned by and owed to the Executive through and including the Separation Date, to be paid no later than ten (10) business days following the Separation Date.

  • In the event of a conflict between the Executive Severance Agreement and this Agreement or any other agreement, the provisions of this Agreement shall prevail.

  • Executive hereby acknowledges and agrees that, during the Term, Executive shall have no rights or benefits under the IPG Photonics Corporation Executive Severance Plan, as amended, or any similar or successor plan.

  • For avoidance of doubt, the rights and obligations of the Company and of an Eligible Executive who does not execute a Revised Participation Agreement, but who had previously executed a participation agreement under a prior Executive Severance Plan, shall be governed by such prior participation agreement and Executive Severance Plan.

  • Revised Executive Severance Plan (as amended and in effect from time to time, the “Plan”), is to enhance the Company’s ability to retain designated key executives.


More Definitions of Executive Severance

Executive Severance means the greater of (A) $1,000,000 or (B) the sum of:
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Executive Severance. Activant has a severance plan in place for senior executives. We will provide you a copy of that Executive Severance Plan.
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Executive Severance means the obligations of Hammerhead or any of its Subsidiaries to the Executives for severance or termination payments on the change of control of Hammerhead pursuant to any agreements or severance or retention policy (excluding for greater certainty pursuant to any Incentive);
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Related to Executive Severance

  • Executive session means all or part of a meeting that is closed or confidential.

  • 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.

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • Severance Term means the six (6) month period following Employee’s termination by the Company without Just Cause (other than by reason of death or Disability) or by Employee for Good Reason; provided, that if such termination occurs within twelve (12) months following a Change in Control, the Severance Term shall be the twelve (12) month period following such termination.

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Employment benefits means all benefits provided or made

  • 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 Benefits means the payment of severance compensation as provided in Section 3.3 herein.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Severance Period means the period of time commencing on the date of an occurrence of a Change of Control and continuing until the earlier of (i) the date which is one and one-half years following the occurrence of the Change of Control, and (ii) the Executive's death.

  • Change in Control Benefits means the following benefits:

  • Executive Chairman means the Executive Chairman of the Board.

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Retention Bonus means the amount equal to:

  • Severance Plan means any severance plan maintained by the Company that is applicable to the Participant.

  • Leave Salary means the monthly amount paid by the University to an employee who is on leave.

  • Severance means the complete separation and dismemberment of the part from the body.

  • Nonqualifying Termination means a termination of the Executive’s employment (1) by the Company for Cause, (2) by the Executive for any reason other than a Good Reason, (3) as a result of the Executive’s death or (4) by the Company due to the Executive’s absence from his duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Executive’s incapacity due to physical or mental illness.