Common use of Amount and Terms of Payment Clause in Contracts

Amount and Terms of Payment. In the event that the Company terminates this Agreement without "Good Cause," as defined in Section 5.1 or 5.2, the Company agrees to pay the Employee Severance Pay in an amount equal to one year’s base pay. Such Severance Pay shall be provided in a lump sum within thirty (30) days after such termination becomes effective.

Appears in 5 contracts

Samples: Employment Agreement (Rocky Mountain High Brands, Inc.), Employment Agreement (Rocky Mountain High Brands, Inc.), Employment Agreement (Rocky Mountain High Brands, Inc.)

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