Salary Severance definition

Salary Severance means the severance payments set forth in Section 3.
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Salary Severance means the severance payments set forth in Sections 3.a. and 3.b.
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Salary Severance means a Participant’s severance determined in accordance with Section 9.3 or 10.3.
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Examples of Salary Severance in a sentence

  • Other Financial Gains include the value of any additional compensation other than Salary, Severance Payments or Stock Offerings such items as automobiles, trips, jewelry, homes and home furnishings, etc.

  • An amount not to exceed $259,510, which is equal to Employee’s target bonus opportunity representing 50% of the Employee’s annual base salary (the “ Bonus Severance,” and collectively with the Salary Severance, the “Severance Payments”), with the amount of the Bonus Severance to be determined based on the Company’s actual results against the Company’s financial and other corporate goals of the Company’s bonus plan for fiscal year 2019 and provided that bonuses are awarded to other Company executives.

  • Except for any rights which the Senior Officer may have to all of the above including unpaid Accrued Salary, Severance Salary, Vested Incentive Compensation, Vested Options, Expense Reimbursement, the Car Allowance and the Bonus, the Company shall have no further obligations hereunder following such termination.

  • Potential Payments Upon Termination in Connection with a Change in Control Value of Accelerated Equity Awards Salary Severance Bonus Severance Restricted Stock Units Options (1) These amounts reflect the aggregate market value of the unvested shares of our common stock underlying outstanding restricted stock unit awards.

  • Name former member Year Salary Severance STI1 LTI2 PensionCost3Social securityand othercompensation4 TotalJ.C. de Jager (until February 2020)2020112,500-57,92984,11422,0975,813282,4531 Actual STI relates to performance in the current year but paid out in the following financial year.

  • Courtney Lilly, Wayne Prescott, Matthew Prichard, Joseph Roach and Brenda Young shall receive all benefits as stipulated in thecontract of employment and in Board of Education Policy 1415 (Salary, Severance Pay, Fringe Benefits).

  • The student, if in high school, shall be removed from school-sponsored extracurricular activities for the re- mainder of his or her high school eligibility.

  • The Salary Severance shall be an amount equal to the sum of (1) twelve months of Executive’s Base Salary and (2) the Target Bonus.

  • TWO: In return for Executive’s releases under this Release, the Company shall provide the following “Consideration” to Executive:a) The Base Salary Severance defined in the Employment Agreement, which shall be an amount equal to ($xxx, xxx.xx)b) The Prorated Bonus defined in the Employment Agreement, which shall be an amount equal to ($xxx, xxx.xx)c) Company payment of COBRA medical insurance coverage for a period of time as specified in the Employment Agreement.

  • Payments Upon a Change in Control and a Qualifying Termination Name Base Salary Severance ($) Bonus Severance ($) COBRA Continuation ($) Total ($) Brandon C.

Related to Salary Severance

  • 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.

  • 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)

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

  • 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 Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Salary as defined in Section 3.1(a).

  • Normal salary means the salary that would be paid to a participating employee if that person was not participating in a Plan and includes salary expressed as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate. It includes all allowances that are paid as an annual rate, fortnightly rate, weekly rate, daily rate or hourly rate but not overtime payments and shift work penalty rates unless they are paid as a component of an annualised rate.

  • 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)).

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Retention Bonus means the amount equal to:

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Severance Amount means:

  • 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.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Annual Salary means the salary given under this Part.

  • Change in Control Benefits means the following benefits:

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

  • Final compensation of a member means:

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Annual Compensation means an amount equal to the greater of:

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

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