Other Severance Sample Clauses

The "Other Severance" clause defines the terms under which an employee may receive severance benefits outside of standard termination scenarios. This clause typically outlines additional circumstances, such as resignation for good reason or mutual agreement, where severance pay or benefits may still be provided. By specifying these alternative situations, the clause ensures both parties understand when severance is available beyond typical layoffs or dismissals, thereby reducing ambiguity and potential disputes regarding post-employment compensation.
Other Severance. In addition to the aforementioned Severance Payments, the Employee shall be due: (choose one)
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Other Severance. In consideration for the payments and benefits to be made to the Employee under this Employment Agreement, the Employee agrees to waive any and all rights to any payments or benefits under any other severance plan, program or arrangement of the Company.
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Other Severance. In the event the Company's written severance pay policy applicable to Executive provides for greater severance pay and benefits than are provided for in Section 9(d) or 9(g), Executive may elect to receive termination pay and benefits under the terms and conditions of such policy in lieu of the payments and benefits under Section 9(d) or 9(g). It is understood by the Parties that Executive shall not be entitled to both the payments and benefits under the severance pay policy and those available under Section 9(d) or 9(g). Notwithstanding the foregoing, in addition to being entitled to the greater of the payments and benefits under the severance pay policy and under Section 9(d) or 9(g), as applicable, Executive shall be entitled to professional outplacement services (including office space and secretarial services), at a cost not exceeding 10% of Executive's annual Base Salary, in accordance with the Company's policies regarding outplacement services; provided, however, that payments pursuant to this sentence shall be made only for actual outplacement services, and Executive shall not have the option to elect to receive all or part of the maximum allowances therefor in lieu of outplacement services.
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Other Severance. If the Executive's employment is ---------------- terminated by the Corporation other than at a time, or for a reason, described in Section 3 or 4 above, the Executive will be entitled to receive the severance payments and benefits set forth in Sections 6 and 7 below; provided, however, that no severance payments shall be made, or continuing benefits provided, under the Agreement, if any of the following apply: (a) The Executive voluntarily resigns or retires from employment; (b) An event described in Section 3(b), (c) or (d) applies; or (c) The Corporation offers the Executive suitable employment as determined in accordance with Personnel Policy Committee Guidelines, and the Executive rejects such employment.
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Other Severance. In the event the Company's written severance pay policy applicable to Executive provides for greater severance pay and benefits than are provided for in Section 9(d) or 9(g), Executive may elect to receive termination pay and benefits under the terms and conditions of such policy in lieu of the payments and benefits under Section 9(d) or 9(g). It is understood by the Parties that Executive shall not be entitled to both the payments and benefits under the severance pay policy and those available under Section 9(d) or 9(g). Notwithstanding the foregoing, in addition to being entitled to the greater of the payments and benefits under the severance pay policy and under Section 9(d) or 9(g), as applicable, Executive shall be entitled to professional outplacement services (including office space and
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Other Severance. Except as may be otherwise specifically provided in an amendment of this paragraph (e) adopted in accordance with paragraph 14, the Executive's rights under this paragraph 4 shall be in lieu of any benefits that may be otherwise payable to or on behalf of the Executive pursuant to the terms of any severance pay arrangement of the Company or any Affiliate or any other, similar arrangement of the Company or any Affiliate providing benefits upon involuntary termination of employment.
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Other Severance. As additional Severance, ▇▇▇▇▇▇▇▇▇ shall receive reimbursement for all submitted expense reports through October of 2014 and shall be allowed to retain his Company laptop computer.
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Other Severance. AGREEMENTS Any severance payments provided to the Executive under Section 4 hereof shall be offset by the dollar amount of any other cash severance payments to which the Executive is entitled under any other severance or termination pay plan, policy or agreement with the Company or its affiliates (including, without limitation, the severance or termination pay plans, policies and agreements of Red Lion Hotels, Inc.).
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Other Severance. The Company acknowledges and agrees that the Change-in-Control Payment is in addition to any severance payments to which Executive may be entitled under the Company's Key Employee Retention Plan and which are described in the consent order of the U.S. Bankruptcy Court overseeing the Parent's reorganization dated November 26, 2003.
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Related to Other Severance

  • Other Severance Benefits Executive hereby agrees that in consideration for the payments to be received under Section 7(b) of this Agreement, Executive waives any and all rights to any payments or benefits under any severance plans or arrangements of the Company or their respective affiliates that specifically provide for severance payments, other than the Change in Control Severance Agreement between the Company and Executive (the “Change in Control Severance Agreement”); provided that any payments payable to Executive under Section 7(b) hereof shall be offset by any payments payable under the Change in Control Severance Agreement.

  • No Other Severance The provisions of this Section 6 shall supersede in their entirety any severance payment provisions in any severance plan, policy, program, or other arrangement maintained by the Company except as otherwise approved by the Board.

  • No Other Severance Benefits Except as specifically set forth in this Agreement, the Employee covenants and agrees that he shall not be entitled to any other form of severance benefits from the Company, including, without limitation, benefits otherwise payable under any of the Company's regular severance policies, in the event his employment hereunder ends for any reason and, except with respect to obligations of the Company expressly provided for herein, the Employee unconditionally releases the Company and its subsidiaries and affiliates, and their respective directors, officers, employees and stockholders, or any of them, from any and all claims, liabilities or obligations under this Agreement or under any severance or termination arrangements of the Company or any of its subsidiaries or affiliates for compensation or benefits in connection with his employment or the termination thereof.

  • Bonus Severance A lump-sum payment equal to 100% of the Executive’s target annual bonus as in effect for the fiscal year in which the CIC Qualified Termination occurs.

  • Cash Severance The Company shall make a single lump sum severance payment to Executive in an amount equal to Executive’s Base Annual Salary in effect as of the Termination Date plus an amount equal to Executive’s Annual Bonus target in effect as of the Termination Date, less required tax withholdings and deductions (the “Change in Control Payment”). The Change in Control Payment will be paid within sixty (60) days after the Termination Date, but in no event later than March 15 of the year following the year of termination.