Amount of Severance Pay. During the Continuation Period, the Company shall pay the Employee Severance Pay at an annual rate equal to the sum of:
Appears in 10 contracts
Samples: Severance Agreement (Metabasis Therapeutics Inc), Severance Agreement (Metabasis Therapeutics Inc), Severance Agreement (Metabasis Therapeutics Inc)
Amount of Severance Pay. During the Continuation Period, the Company shall pay the Employee Severance Pay at an annual rate equal to the sum of:Employee's base compensation at the annual rate in effect on the date when the termination of his employment with the Company is effective. Such amount shall be paid pro-rata at periodic intervals in accordance with the Company's standard payroll procedures.
Appears in 3 contracts
Samples: Severance Agreement (Essential Therapeutics Inc), Severance Agreement (Essential Therapeutics Inc), Severance Agreement (Microcide Pharmaceuticals Inc)
Amount of Severance Pay. During the Continuation Period, the Company shall pay the Employee Severance Pay at an annual rate equal to the sum of:Employee's base compensation at the annual rate in effect on the date when the termination of his employment with the Company is effective. Such amount shall be paid pro-rata at periodic intervals in accordance with the Company's standard procedures.
Appears in 3 contracts
Samples: Severance Agreement (Essential Therapeutics Inc), Severance Agreement (Essential Therapeutics Inc), Severance Agreement (Essential Therapeutics Inc)
Amount of Severance Pay. During the Continuation Period, the Company shall pay the Employee Severance Pay at an annual rate equal to the sum of:Employee’s base compensation at the annual rate in effect on the date 30 days prior to the date when the termination of his employment with the Company is effective. Such amount shall be paid at periodic intervals in accordance with the Company’s standard payroll procedures.
Appears in 1 contract
