Separate Payments Contract Clauses (29)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains Separate Payments clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Separate Payments. Each payment and benefit under this Policy shall be a "separate payment" for purposes of Code Section 409A. 12 APPENDIX APARTICIPATING EMPLOYERS PG&E CorporationPacific Gas and Electric CompanyPG&E Corporation Support Services, Inc.PG&E Corporation Support Services II, Inc. EX-10.99 12 exhibit1099-123121.htm EX-10.99 DocumentEXHIBIT 10.99PG&E CORPORATION2012 OFFICER SEVERANCE POLICY(Amended effective as of November 1, 2021)1.Purpose. This is the controlling and definitive statement of the Office...r Severance Policy of PG&E Corporation ("Policy"). Since Officers (defined below) are employed at the will of PG&E Corporation ("Corporation") or a participating employer ("Employer"), their employment may be terminated at any time, with or without cause. A list of Employers is attached hereto as Appendix A. The Policy became effective March 1, 2012, and provides employees with the positions of Vice President, Senior Vice President, Executive Vice President or higher at the time of termination ("Officers") of the Corporation and Employers with severance benefits if their employment is terminated.1 The Policy's definition of Change in Control was amended effective May 12, 2014.2 The Policy's treatment of STIP payouts and limitations on certain severance payments were added effective September 25, 2020. The value of and eligibility for severance benefits was amended effective November 1, 2021. For the avoidance of doubt, revisions made to this Policy relating to Code Section 409A (defined below), apply to all Officers including those that may be covered under prior provisions of the Policy as required by Section 6 hereof.The purpose of the Policy is to attract and retain Officers by defining terms and conditions for severance benefits, to provide severance benefits that are part of a competitive total compensation package, to provide consistent treatment for all terminated officers, and to minimize potential litigation costs associated with Officer termination of employment. View More Arrow
Found in PG&E Corp contract
Separate Payments. Each payment and benefit under this Policy shall be a "separate payment" for purposes of Code Section 409A. 12 13 APPENDIX APARTICIPATING A PARTICIPATING EMPLOYERS PG&E CorporationPacific Corporation Pacific Gas and Electric CompanyPG&E Company PG&E Corporation Support Services, Inc.PG&E Corporation Support Services II, Inc. EX-10.99 12 exhibit1099-123121.htm EX-10.99 DocumentEXHIBIT 10.99PG&E CORPORATION2012 EX-10.02 5 ex1002.htm PG&E CORPORATION 2012 OFFICER SEVERANCE POLICY(Amended POLICY (AM...ENDED EFFECTIVE AS OF MAY 12, 2014) ex1002.htm Exhibit 10.2 PG&E CORPORATION 2012 OFFICER SEVERANCE POLICY (Amended effective as of November 1, 2021)1.Purpose. May 12, 2014) 1. Purpose. This is the controlling and definitive statement of the Officer Severance Policy of PG&E Corporation ("Policy"). Since Officers (defined below) are employed at the will of PG&E Corporation ("Corporation") or a participating employer ("Employer"), their employment may be terminated at any time, with or without cause. A list of Employers is attached hereto as Appendix A. The Policy became effective March 1, 2012, and provides employees with the positions of Vice President, Senior Vice President, Executive Vice President or higher at the time of termination ("Officers") Officers of the Corporation and Employers in Officer Compensation Bands I through V ("Officers") with severance benefits if their employment is terminated.1 terminated, and the Officer is not eligible for severance benefits under the predecessor PG&E Corporation Officer Severance Policy (the "Predecessor Policy"), which was first adopted effective November 1, 1998.1 The Policy's definition of Change in Control was amended effective May 12, 2014.2 The Policy's treatment Severance benefits for officers not covered by this Policy (or the Predecessor Policy) will be provided under policies or programs developed by the appropriate lines of STIP payouts business in consultation with and limitations on certain severance payments were added effective September 25, 2020. The value with the approval by the Senior Human Resources Officer of and eligibility for severance benefits was amended effective November 1, 2021. the Corporation. For the avoidance of doubt, revisions made to this Policy relating to Code Section 409A (defined below), apply to all Officers including those that may be covered under prior provisions of the Policy as required by Section 6 hereof.The hereof. The purpose of the Policy is to attract and retain Officers senior management by defining terms and conditions for severance benefits, to provide severance benefits that are part of a competitive total compensation package, to provide consistent treatment for all terminated officers, and to minimize potential litigation costs associated with Officer termination of employment. View More Arrow
Found in PG&E Corp contract
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