3Payment of Severance at End of Term. If (a) Employee's employment terminates pursuant to Section 3.1.8, (b) Employee has executed and delivered to Company, within 60 days after the effective date of that termination, a written release in substantially the same form as is attached hereto as Exhibit B, and (c) the rescission period specified therein has expired, Company shall, subject to any payment delay required by Section 3.2.6, continue to pay, as severance pay, Employee's Base Salary at the rate in effect on the Separation Date, for a period of six months following the Separation Date. To the extent that Employee has received stock options or other equity awards, the terms of such stock options and/or the Company's Stock Incentive Plan shall determine the vesting of any Options or other equity awards upon termination under this Section 3.2.3.
Appears in 4 contracts
Samples: Reshape Lifesciences Employment Agreement (ReShape Lifesciences Inc.), Reshape Lifesciences Employment Agreement (ReShape Lifesciences Inc.), Reshape Lifesciences Employment Agreement (ReShape Lifesciences Inc.)
