Sentences with phrase «severance pay based»

Seldom is severance pay based on arithmetic.

Not exact matches

Based on Wednesday's filing, he is getting all the severance pay he was entitled to.

Gelsinger won't share specifics on the packages offered to the workers who were let go, but a VMware spokesperson says that their severance included an undisclosed period of full pay and benefits, a lump sum payment based on years of employment, and outplacement services.

In addition, it noted what would be fairly boilerplate severance terms: «If the Company terminates Mr. Ryan's employment without cause on or after a change in control or he resigns for good reason due to a change in control, subject to his execution and non-revocation of a release of claims, the Company will pay him, in addition to his previously - accrued compensation, severance equal to the following: (i) in the case of a change in control of Tribune Publishing or the Company, 12 months of his base salary and one year of his annual targeted bonus amount.»

(l) Except as otherwise set forth in Schedule 2.7 (l) of the Disclosure Schedule, (i) the Company is not and will not be obligated to pay separation, severance, termination or similar benefits as a result of any of the transactions contemplated by this Agreement, nor will any such transactions accelerate the time of payment or vesting, or increase the amount, of any benefit or other compensation due to any individual; and (ii) the transactions contemplated by this Agreement will not cause the Company to record additional compensation expense on its income statements with respect to any outstanding Stock Option or other equity - based award.

Mr Byford currently earns # 475,000 per year and will step down in June 2011 on the basis that he will receive between # 800,000 and # 900,000 severance pay.

Gross wages include base pay, overtime, holiday pay and any severance payments, according to the town.The campaign said Norman Murray earned $ 122,677 in gross pay in 2008, his last full year before retiring.

Even if Alana does become unemployed, she should get up to 24 weeks of severance pay (based on 12 years service with her employer).

As partner at Washington, D.C. - based Covington & Burling, Holder earned $ 3.3 million, and he reported severance pay of $ 1.3 million in documents filed with the Senate Judiciary Committee.

Represented employees in lawsuits against former employers based on employer's refusal to pay past due compensation or to honor obligations under employment agreements and / or severance agreements.

In that case, the employer terminated Mr. Wilson's employment on a without cause basis by providing him with six months» severance pay in exchange for a full and final release upon the end of his employment.

For example, if your company's employee handbook states that employees who are terminated will receive severance according to a formula based on the employee's years of service, and your company does not pay you the correct amount of severance, our employment attorneys may be able to file a breach of contract claim on your behalf seeking the unpaid compensation.

The Court held that the termination clause did not provide less than the minimum entitlement under the ESA on the basis that it did not expressly exclude the ESA entitlement to severance pay, and that it therefore was not void because of the failure to expressly address severance pay.

At trial, the judge rejected Northfield's argument that it had just cause to fire Mr. Phanlouvong and awarded him a severance package based on 15 months» pay.

On one hand, many office workers receive severance pay at the discretion of the employer; NFL players are entitled to specific dollar amounts based on service (Article 60 in the link above).

The employer provided Perera two weeks» severance pay on an ex gratia basis.

This is based on the employer's perspective that, if severance is to be paid to any employees, they should only be employees who are downsized or laid off having nothing to do with their conduct or performance.