Additional Separation Payment Sample Clauses

Additional Separation Payment. Employee will be eligible for an additional separation payment in the gross amount of Four Hundred and Forty-Five Thousand and No/100 ($445,000.00) (“Additional Separation Payment”), subject to withholding provided that he signs, and does not rescind, a release of claims in the form attached as Exhibit A, on the Separation Date. The Additional Separation Payment shall be sent to Employee’s counsel within thirty (30) days of the date on which he signs, provided that Employee signs, and does not rescind the release attached as Exhibit A.

Additional Separation Payment. Gentex will pay Employee an additional separation payment of $1,832,040.00 less required deductions and tax withholdings (“Additional Payment”). The Additional Payment will be paid by Gentex to Employee as follows: i. A payment of $460,022.00 less required deductions and tax withholdings will be made on a normal payroll date on or around the Separation Date. ii. A payment of $1,372,018.00 less required deductions and tax withholdings will be made on a normal payroll date on or directly after January 1, 2016. iii. The Additional Payment set forth in this Section 3(f) is contingent upon Employee fully complying with all terms set forth in this Agreement.

Additional Separation Payment. As an additional separation benefit, and in lieu of any bonus that may have been payable to you due to your efforts for Solazyme in 2013 or otherwise, Solazyme will pay to you $105,000, subject to standard payroll deductions and withholdings. This payment will be paid to you in two equal installments, (i) $52,500 on the date that Solazyme pays its annual bonus to its employees in 2014 (but no later than March 31, 2014) and (ii) $52,500 twelve (12) months after the Separation Date, provided this Agreement becomes “Effective”, as defined in Paragraph 13, and provided you have not violated any provisions of this Agreement or the Confidentiality Agreement prior to the applicable payment date.

Additional Separation Payment. The amount of the Additional Separation Payment provided for in Paragraph 9 of the Agreement shall be Five Hundred and Ninety-Five Thousand and No/100 Dollars ($595,000.00).

Additional Separation Payment. In consideration for the waivers, releases and covenants set forth herein, the Company will continue payment of Executive’s Annual Base Salary (as defined in the Employment Agreement) for a period of thirty (30) days following the Termination Date, in accordance with the Company’s regular payroll practices (pro-rated for partial periods, and setting off from the first payment the pro-rated May compensation paid pursuant to Section 3 above). For avoidance of doubt, Executive will not be eligible for any other additional cash compensation, whether under the Employment Agreement or otherwise, including without limitation any entitlement under any executive bonus plan or pension plan referenced in the Employment Agreement.

Additional Separation Payment. On the eighth day after You return an executed version of this Agreement to the Chairman of the Company’s Special Committee, pay You a lump sum payment of $33,287.67;