Examples of Severance Package in a sentence

If the Company terminates the Executive’s employment without Cause, then the Severance Package provisions of Section 5 shall apply, and this Agreement shall otherwise terminate and the Executive shall have no further rights or obligations hereunder except for the surviving provisions of this Agreement as described at Section 7.15.
I understand that, if I elect to exercise this revocation right, this General Release shall be voided in its entirety and the Company shall be relieved of all obligations to make the portion of the Severance Package described in Section 5(b) of the Employment Agreement.
The Company has the right to cease making the payments provided as part of the Severance Package in the event of a material breach of any of the Restrictive Covenants that, if capable of cure and not willful, is not cured within thirty (30) days after receipt of notice thereof from the Company.
Employee acknowledges and agrees that this Severance Package constitutes adequate legal consideration for the promises and representations made by Employee in this Agreement.
Employee acknowledges and agrees that the Severance Package provided pursuant to this Agreement is in lieu of any other severance benefits to which Employee may be eligible under any other agreement and/or Entropic severance plan or practice.

More Definitions of Severance Package

Severance Package is defined as follows:

Severance Package means your right to receive, and the Company’s obligation to pay and/or perform, the following:

Severance Package has the meaning ascribed to it in each of sections "3.2", "3.3", "3.5", "3.7" and "3.8" hereinbelow;

Severance Package means the benefits to be received by Executive pursuant to Sections 8.3(b), 8.3(c), 8.3(d) and 8.3(e).

Severance Package has the meaning set forth in Section 5.14.

Severance Package means all of the following items (A) through (E):

Severance Package has the meaning ascribed to it in section "3.2" hereinbelow;