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

Severance Compensation means Severance Pay and other benefits provided by Section 5(a).

Severance Compensation shall be:

Examples of Severance Compensation in a sentence

Notwithstanding any contrary provisions contained herein, the Board and Association may agree to allow all teachers who have retired during the 2001-2002 or 2002-2003 school year to participate in the Target Benefit buyout, in addition to maintaining their Retirement Severance Compensation benefits under the Prior Agreement.
Limited severance compensation shall be paid in one lump sum by December 31st of the year of retirement to the employee as agreed and determined by the Severance Compensation chart (Appendix C) in the custody of the Corporation Treasurer with one copy provided to the CTA.
The superintendent shall may have no personalliability for any release of any such deposit or part thereof so made by him the superintendent in good faith.Sec.
All of the above shall hereinafter be referred to as the Severance Compensation.
Said payment of Severance Compensation shall be conditioned upon Employee executing a waiver and release agreement forever releasing and waiving any and all claims against the District in a form acceptable to the District.

More Definitions of Severance Compensation

Severance Compensation means two times Base Compensation.

Severance Compensation means the severance pay and other benefits provided by Sections 4(a) and (b).

Severance Compensation means three times Base Compensation.

Severance Compensation. 50% of the annual variable bonus amount established by the Compensation Committee of the Company’s board of directors for the year in which termination occurs plus 50% of the Employee’s Base Salary for such year.

Severance Compensation means the Executive's severance benefit, as described in Subsection 2.2 of this Agreement.

Severance Compensation means, with respect to each Participant, the sum of the following: