Common use of Severance Upon Termination Clause in Contracts

Severance Upon Termination. If, after the effective date of this agreement, Employee is involuntarily terminated without cause by the County at such time as Employee is willing and able to perform assigned duties, or if the county reduces the salary or financial benefits of this contract the County agrees to pay Employee a lump sum severance pay equal to 3 months base salary, plus one month additional for each additional year the employee has been employed under this agreement, beyond the first, to a maximum of 6 months severance pay. The maximum severance pay that may be paid under this agreement is six months. If the Employee is terminated for cause, the County shall have no obligation to provide for or pay severance payment. If the Employee chooses to terminate this agreement or voluntarily resigns, or the Board of County Commissioners eliminates the position through reorganization as defined above, the County shall have no obligation to provide for or pay severance payment.