Severance Obligations means (i) in the Case of a Tier 1 Executive, those Severance Obligations identified in Section 5(b)(i)(A)-(C) of this Plan; (ii) in the case of a Tier 2 Executive, those Severance Obligations identified in Section 5(b)(ii)(A)-(C) of this Plan; (iii) in the case of a Tier 3 Executive, those Severance Obligations identified in Section 5(b)(iii)(A)-(C) of this Plan and (iv) in the case of a Tier 4 Executive, those Severance Obligations identified in Section 5(b)(iv)(A)-(C) of this Plan.
Severance Obligations means the Severance Obligations identified in Section 5(b), 5(c) and 5(d) of this Plan, as applicable.
Severance Obligations means any postpetition Claim of the Debtors for payment of a severance fee related to a reduction in workforce authorized by the Final Order (I) Authorizing the Debtors to (A) Pay Certain Prepetition Wages, Other Compensation and Reimbursable Employee Expenses, and (B) Continue Employee Benefits Programs; and (II) Authorizing and Directing Financial Institutions to Honor All Obligations Related Thereto [D.I. 193] or other Final Order.
Examples of Severance Obligations in a sentence
If any Severance Obligations remain due and payable as of the Effective Time, and provided that such amounts are not paid as Company Transaction Expenses, then the dollar amount thereof shall be included as a liability in the calculation of Net Working Capital.
The Purchase Price is premised upon the Company having as of the Closing, (a) Working Capital of Eighty Thousand Euros (€80,000) (the “Working Capital Target”), (b) Company Debt equal to One Million Four Hundred Thousand Euros (€1,400,000) (the “Company Debt Target”) and (c) Severance Obligations equal to Three Hundred Ninety Thousand Euros (€390,000) (the “Severance Target”).
More Definitions of Severance Obligations
Severance Obligations means the Severance Obligations identified in Section 5(b), Section 5(c) and Section 5(d) of this Plan, as applicable.
Severance Obligations means any statutory, contractual, common law or other severance payments or other separation benefits, whether pursuant to applicable Law, any applicable plan or policy, any applicable individual employment agreement or arrangement, any Labor Contract or otherwise (including any compensation payable during a mandatory termination notice period, any continued compensation, severance payments or other separation benefits payable pursuant to a judgment of a court having competent jurisdiction) and the employer portion of any employment Taxes with respect to all such severance payments or other separation benefits.
Severance Obligations means any statutory, contractual, common law or other severance or redundancy payments or other separation benefits, whether pursuant to applicable Law, any applicable plan or policy, any applicable individual employment agreement or arrangement, or otherwise and the employer portion of any Taxes payable in connection therewith. For the avoidance of doubt, Severance Obligations shall not include any severance compensation or benefits not required to be paid by applicable Law, or an applicable Benefit Plan or corresponding plan, policy, program, agreement or arrangement of Purchaser and its Affiliates.
Severance Obligations means any statutory, contractual, common law or other severance payments or other separation benefits, whether pursuant to applicable Law, any applicable plan or policy, any applicable individual employment agreement or arrangement, any CBA or otherwise (including (i) any compensation payable during a mandatory termination notice period, (ii) any continued compensation, severance payments or other separation benefits payable pursuant to a judgment of a court having competent jurisdiction, (iii) in the case of any Hong Kong Business Employee, any 13th month bonus, accrued annual leave or long-service pay that becomes payable in connection with a termination of employment and (iv) in the case of any Japan Business Employee, any amounts payable in accordance with the Weyerhaeuser Japan Ltd. Retirement Allowance Plan) and the employer portion of any employment Taxes with respect to all such severance payments or other separation benefits.
Severance Obligations mean statutory, common law, contractual or other severance or separation payments or benefits, including (a) any statutory, common law or contractual damages, reinstatement claims and any other payment, benefit, claim, cost, liability or obligation, in each case, arising out of or in connection with termination of employment or service, (b) any compensation payable during a mandatory termination notice period, (c) any severance or termination payments or benefits pursuant to a judgment or determination of a court, agency, regulatory body, or other governmental authority or an arbitrator, in each case, having jurisdiction over the parties hereto and (d) the employer portion of any employment, payroll and withholding taxes attributable to such payments or benefits. For the avoidance of doubt, with respect to the Xxx Group, “Severance Obligations” shall include any payments and benefits under the Xxx Xxxxxxxxx Policies.
Severance Obligations means the Severance Obligations identified in Section 5(b), 5(c) and 5(d) of this Plan,
Severance Obligations has the meaning ascribed to it in Section 7.01.