Severance Payment Period definition

Severance Payment Period means the period of eighteen (18) consecutive calendar months immediately following the Employment Termination Date.
Sample 1Sample 2Sample 3
Severance Payment Period is any month in which the Executive receives a Severance Payment or in the event of a termination under Paragraph 13(f), the Severance Payment Period is 12 months.
Sample 1Sample 2Sample 3
Severance Payment Period means twenty-four (24) months for a Tier 1 Executive, eighteen (18) months for a Tier 2 Executive, and such period as may be specified by the Committee for a Tier 3 Executive.
Sample 1Sample 2

Examples of Severance Payment Period in a sentence

  • In such event, an amount equal to the aggregate installment payments that would have been payable during the Extended Severance Payment Period, and the amounts described in the preceding sentence, shall be deducted from the amount otherwise payable in a lump sum in accordance with the first sentence hereof.

  • Employee’s health and dental insurance coverage with Trex shall be continued through the Severance Payment Period.

  • In no event shall payment of the Additional Amount to Executive extend beyond the Severance Payment Period.

  • Trex shall provide Employee with notice concerning Employee’s rights under COBRA to continue health coverage at Employee’s own expense after expiration of the Severance Payment Period.

  • The Additional Severance Payment shall be paid in equal installments after the date of the Change in Control in accordance with the Company’s normal payroll schedule over the Participant’s remaining Severance Payment Period established in Section 5(a)(i).


More Definitions of Severance Payment Period

Severance Payment Period has the meaning given to it in Section 5.2.
Sample 1Sample 2
Severance Payment Period means, as to any Participant, the Severance Payment Period set forth in Exhibit B applicable to the Participant’s position as of the date of Termination with respect to a Qualifying Termination or a Qualifying Change in Control Termination (but disregarding any diminution in position that has given rise to a Constructive Termination), unless otherwise set forth in the Participation Notice and Agreement.
Sample 1Sample 2
Severance Payment Period means, as to any Participant, the Severance Payment Period set forth in Exhibit B applicable to the Participant’s position as of the date of such Participant’s Termination (but disregarding any diminution in position that has given rise to a Constructive Termination), unless otherwise set forth in the Participant’s Participation Notice and Agreement.
Sample 1
Severance Payment Period means the period of time during which an Eligible Employee receives Severance Pay pursuant to this Plan and as specified in the Schedule of Benefits.
Sample 1
Severance Payment Period means twenty-four (24) months for a Tier 1 Executive, twelve (12) months for a Tier 2 Executive, and six (6) for a Tier 3 Executive.Exhibit 10.1
Sample 1
Severance Payment Period means in respect of a Qualified Termination before or more than twenty-four (24) months following a Change in Control, twelve (12) months and, in respect of a Qualified Termination upon or after but not more than twenty-four (24) months following a Change in Control, eighteen (18) months, in each case, commencing on the Date of Termination.
Sample 1
Severance Payment Period means twelve (12) months, commencing on the Date of Termination.
Sample 1