Severance and Release Agreement definition

Severance and Release Agreement means an agreement signed by the Eligible Employee substantially in the form attached hereto as Exhibit 1. Notwithstanding the foregoing, a Participating Company may, by action of its chief human resources officer or chief legal counsel, modify the form of Severance and Release Agreement to be signed by any Eligible Employee in a manner approved by the Committee (or its delegee).
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Severance and Release Agreement means an agreement provided by the Participating Company to an Eligible Employee in connection with his or her termination of employment, which, if executed by the Eligible Employee (and not timely revoked), will acknowledge his or her termination of employment with the Participating Company and release the Participating Company and all of its affiliates and any other applicable persons from liability for any and all claims.
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Severance and Release Agreement means an agreement, in a form to be approved by the Company, signed by the Eligible Employee prior to the Eligible Employee becoming entitled to any benefits pursuant to this Plan. The form of Severance and Release Agreement shall include a general release of claims which will be as inclusive as the release included in the form attached hereto as Exhibit 1. Notwithstanding the foregoing, a Participating Company may, by action of its chief human resources officer or chief legal counsel, modify the form of Severance and Release Agreement to be signed by any Eligible Employee.
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Examples of Severance and Release Agreement in a sentence

  • If the Severance and Release Agreement does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to the Severance Payments.

  • I have entered into that certain Severance and Release Agreement (“Agreement”) effective as of [INSERT DATE].

  • With respect to and in connection with a Non-CIC Severance only, the Eligible Associate has, after the Eligible Associate’s termination of employment, properly executed and delivered to Cerner a Severance and Release Agreement with Cerner that provides for an irrevocable and complete release of all present and future claims by Eligible Associate.

  • You will not be penalized in any way for using the full, allotted period to review the Severance and Release Agreement.

  • Severance shall be paid only after the Severance and Release Agreement has been signed and the time for the Eligible Employee to revoke the Severance and Release Agreement, if any, has expired and the Severance and Release Agreement has become effective in accordance with its terms.

  • THIS IS A RELEASE OF CLAIMS - READ CAREFULLY BEFORE SIGNING I have read this Severance and Release Agreement.

  • In addition, subject to and at the discretion of the Board of Directors at the time of and in connection with your termination, the Company may pay you severance in an amount equal to three (3) months of your Base Salary in effect as of the effective date of termination (the “Severance Amount”), provided that you have executed a Severance and Release Agreement in a form acceptable to the Company.

  • Xxxxxxx Xxxxxx SIGNATURE PAGE TO EMPLOYMENT AGREEMENT EXHIBIT A LIST OF PRIOR INVENTIONS AND ORIGINAL WORKS OF AUTHORSHIP Title Date Identifying Number or Brief Description EXHIBIT B CONFIDENTIAL SEVERANCE AND RELEASE AGREEMENT This Confidential Severance and Release Agreement (“Agreement”) is entered into on [date], by and between [name] (the “Employee”) and Flotek Industries, Inc.

  • Thus, once your Severance and Release Agreement becomes irrevocable, any benefits you would have been entitled to receive as part of this Plan will be reinstated retroactively to the Termination Date.

  • If an Eligible Employee does not deliver an original, signed Severance and Release Agreement to the Company within forty-five (45) business days after receipt of the same from the Company, (i) the Eligible Employee shall have no rights to severance benefits pursuant to Section 2.1, and (ii) the Company shall have no obligation to pay or provide to the Eligible Employee any such severance benefits.


More Definitions of Severance and Release Agreement

Severance and Release Agreement means an agreement signed by the Eligible Employee substantially in the form attached hereto as Exhibit 1. Notwithstanding the foregoing, the Company may, at any time other than during the Change in Control Period, by action of its chief human resources officer or chief legal counsel, modify the form of Severance and Release Agreement to be signed by any Eligible Employee in a manner approved by the Employee Benefits Committee.
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Severance and Release Agreement means the severance and release agreement Employee will receive on or before the date of Employee’s Qualifying Termination, which will include customary separation terms, including, but not limited to, confidentiality, non-disparagement and, in some instances, restrictive covenant obligations. Any Severance and Release Agreement prescribed by the Company shall be required to be timely signed and returned to the Employer as a condition of receiving severance benefits under this Plan. A Severance and Release Agreement shall be considered timely only to the extent that it is returned to the Company within the time period specified by the Company.
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Severance and Release Agreement means an agreement, in a form to be approved on behalf of the Company by its Chief Human Resources Officer, its General Counsel, a Senior Company Employment attorney, a Global Human Resources Leader, or another authorized officer, signed by the Eligible Employee prior to the
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Severance and Release Agreement means an agreement, in a form to be approved on behalf of the Company by an authorized officer or senior leader, signed by the Eligible Employee prior to the Eligible Employee becoming entitled to any benefits pursuant to this Plan. Notwithstanding the foregoing, a Participating Company may, by action of its Chief Human Resources Officer or General Counsel, modify the form of Severance and Release Agreement to be signed by an Eligible Employee. However, in all cases, each Severance and Release Agreement shall include a general release of claims from the Eligible Employee.
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Severance and Release Agreement means the severance and release agreement Employee will receive on or before the date of Employee’s Qualifying Termination, which will include customary separation terms, including, but not limited to,
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Related to Severance and Release Agreement

  • Waiver and Release means the Waiver and Release attached hereto as Exhibit A.

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • Severance Agreement means the Key Executive Severance Agreement, dated as of the date hereof, between the parties, as it may be amended from time to time, that provides for certain benefits related to termination of the Executive’s employment that are unrelated to a Change of Control.

  • General Release has the meaning stated in Section 6.03.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit B (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Employment Agreement means each management, employment, severance, consulting, relocation, repatriation, expatriation, visas, work permit or other agreement, or contract between the Company or any Affiliate and any Employee.

  • Separation Agreement has the meaning set forth in the recitals to this Agreement.

  • Earned release means earned release from confinement as

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

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

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

  • Conditional release means a revocable modification of a

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

  • Executive Severance Plan means the Company’s Senior Executive Employee Severance Pay Plan, as in effect from time to time.

  • Consulting Agreement means any written or oral agreement to retain the services, for a fee, of a consultant for the purposes of (A) providing counsel to a contractor, vendor, consultant or other entity seeking to conduct, or conducting, business with the State, (B) contracting, whether in writing or orally, any executive, judicial, or administrative office of the State, including any department, institution, bureau, board, commission, authority, official or employee for the purpose of solicitation, dispute resolution, introduction or requests for information or (C) any other similar activity related to such contracts.

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

  • Prior Employment Agreement has the meaning set forth in the recitals hereto.

  • 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 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)

  • Pre-Release shall have the meaning set forth in Section 2.09.

  • Mutual Release means a mutual release in the form set forth in Exhibit 9 hereto.

  • Noncompetition Agreement has the meaning stated in Section 2.1.

  • 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.

  • Non-Competition Agreement has the meaning set forth in Section 2.1 of this Agreement.

  • Proof of Claim and Release means the Proof of Claim and Release form for submitting a Claim, which, subject to approval of the Court, shall be substantially in the form attached hereto as Exhibit A-2, that a Class Member must complete and submit should that Class Member seek to share in a distribution of the Net Settlement Fund.

  • Employment Agreements shall have the meaning provided in Section 5.05.