Examples of Severance End Date in a sentence
CTI shall continue to pay premiums to maintain any life insurance for Executive, existing and paid for by CTI as of the Severance Date until the Severance End Date.
This Agreement shall terminate ----------------------------------------- on the date of termination of the Executive's employment or, if applicable, the Severance End Date, but Executive's obligations under the attached Inventions and Proprietary Information Agreement shall continue in accordance with the terms and conditions therein.
Each experience was enriching and contributed to my understanding of the love of God and how vast and diverse His creative work is.
Of the 40 claims for employers’ liability, six were closed without payment and 34 were settled.
For clarity, the parties agree that Severance Pay through the Severance End Date shall be payable in installments from the Severance Date through the Severance End Date in accordance with CTI’s normal payroll procedures, bonus pay shall be payable at the next regular payroll period following the Severance Date and accrued but unused vacation shall be payable at the Severance Date.
In addition, CTI shall reimburse the Executive for any costs incurred by the Executive in electing COBRA continuation coverage for the Executive and Executive’s covered dependents under CTI’s medical plan only for the period from the Severance Date until the earlier of: (1) a date twelve (12) months after the Severance Date; (2) a date on which the Executive is covered under the medical plan of another employer, which does not exclude pre-existing conditions; or (3) the Severance End Date.
Option vesting dates are calculated based on Mr. Minnich’s employment period continuing until the Severance End Date.
Payments under the 2006 and 2007 TSR awards, if any, will be based on the number of full months of active employment and full months after the Termination Date but before the Severance End Date.
Restricted Stock Award:Mr. Minnich’s 2006 restricted stock award will vest ratably on a monthly basis between the grant date and March 6, 2009, unless the Severance End Date occurs prior to March 9, 2009.Mr. Minnich’s 2007 restricted stock award that was subject to cliff vesting on March 7, 2010 is modified to provide for ratable vesting on a monthly basis between the grant date and March 7, 2010, unless the Severance End Date occurs prior to March 7, 2010.
If the Executive’s employment is terminated by CTI without Cause, or if the Executive resigns from Executive’s employment for Good Reason, the Executive shall be entitled to receive Severance Pay plus pay for all vacation time accrued as of the Severance Date, such payment rendered as a series of payments in accordance with CTI’s normal payroll procedures from the Severance Date to the Severance End Date.