Additional Severance Payment. If the Employee is covered by the Company health care plan, the Employee shall receive a cash payment equal to twelve (12) multiplied by the cost of a single month of COBRA coverage at the rates in effect on the date of termination. If such coverage included the Employee’s dependents immediately prior to the Employee’s termination of employment with the Company, such payment shall also include the cost of COBRA coverage for the Employee’s dependents.
Additional Severance Payment. If the Employee’s Service Term at the time of termination is equal to or greater than twelve (12) months and the Employee is covered by the Company health care plan, then the Employee shall receive a lump sum cash payment equal to nine (9) multiplied by the cost of a single month of COBRA coverage at the rates in effect on the date of termination. If such coverage included the Employee’s dependents immediately prior to the Employee’s termination of employment with the Company, such payment shall also include the cost of COBRA coverage for the Employee’s dependents.
Additional Severance Payment. Subject to the terms and conditions of the Agreement - NIS ___________
Additional Severance Payment. Subject to Executive’s continued compliance with this Agreement including without limitation, Executive’s obligations and undertakings pursuant to Section 1.3 and 3 hereof, and the Employment Agreement, the Company shall pay to Executive, in addition to any rights and entitlements under law and the Executive’s Employment Agreement, an amount equal to the sum of Executive’s Base Salary and Target Bonus, less applicable withholdings, in a cash lump sum as soon as administratively practicable following the date that the Release (as defined below) was executed by Executive.
Additional Severance Payment. If Executive’s employment is terminated under Section 7(a) or 7(b) of this Agreement, then Company is obligated to purchase one hundred (100%) percent of Executive’s then held equity in Company at a rate equal to one hundred and fifty (150%) percent of the value of Executive’s equity (i) at the date of termination closing trading price or (ii) at the date immediately prior to the date of termination closing price respectively.
Additional Severance Payment. If Executive’s employment is terminated under Section 7(a) or 7(b) of this Agreement, then Executive will be entitled to an additional severance payment of $1,000,000 if within the first 12 months, $667,000 if within the second 12 months, and $334,000 if within the third 12 months of this Agreement respectively.
Additional Severance Payment. Within 60 days after your Termination Date, the Company will pay you the gross lump sum amount of $250,000 (“Additional Payment”), subject to appropriate taxes and deductions. Executive Incentive Plan: The Company will pay you a prorated 2016 annual bonus under the Executive Incentive Plan (“EIP”) in accordance with the EIP and the Separation Policy (“Annual Bonus Payment”). Such amount, if any, will be paid at the same time as bonuses are paid to current similarly situated employees of the Company and appropriate taxes and deductions will be made. If you elected to defer part or all of your 2016 bonus under the Company’s Deferred Compensation Plan, the amount will be deferred in accordance with your election and payment of such amount will be governed by the Deferred Compensation Plan.
Additional Severance Payment. As an additional severance payment, the Company shall pay Executive a bonus payment equal to $196,000, subject to withholdings required by law. Such payment will be paid over the Severance Period in biweekly installments of $7,538.46 in accordance with the Company's normal payroll schedule, commencing with the first pay period after the Effective Date of this Agreement as outlined in Exhibit A.
Additional Severance Payment. During the two (2) year period commencing on the first business day following the expiration of the Initial Severance Period and ending on December 31, 2011 (the “Additional Severance Period”) the Executive shall receive payment of an amount (the “Additional Severance”) equal to $516,758.30. The Additional Severance shall be paid in equal installments through the Additional Severance Period in accordance with the Company’s payroll practices in effect on the Effective Date subject to the Final Release becoming effective and irrevocable.
Additional Severance Payment. The Company will pay you an additional lump sum severance payment of $875,000.00, less all applicable withholdings and deductions, which will be paid to you on or before October 15, 2021. Although not earned, this amount is intended to be in lieu of the final equity award that you would be entitled to if your service with the Company continued through September 18, 2021 pursuant to Section 5 of the offer letter entered into by and between you and the Company, dated August 3, 2019 (your “Offer Letter”).
