Base Salary Severance Clause Samples
The Base Salary Severance clause defines the compensation an employee is entitled to receive in the form of their base salary if their employment is terminated under certain conditions, such as without cause. Typically, this clause specifies the duration for which the base salary will continue to be paid after termination, and may outline any conditions or limitations, such as offsets for new employment or exclusions for termination with cause. Its core function is to provide financial security to the employee during the transition period following job loss, while also clarifying the employer’s obligations in severance situations.
Base Salary Severance. A lump sum cash severance payment equal to one hundred and fifty percent (150%) of Executive’s annual base salary as in effect immediately prior to the termination date (or, if greater, as in effect immediately prior to the Change of Control).
Base Salary Severance. Executive will receive a base salary severance payment in an amount equal to twelve (12) months of base salary at Executive’s Base Salary Rate. The base salary severance payment shall be paid to Executive in a single lump-sum within thirty (30) days following the Release Deadline.
Base Salary Severance. Executive will receive continuing payments of severance at a rate equal to Executive’s base salary rate, less applicable withholdings, as in effect immediately prior to Executive’s termination of employment (unless such termination occurs as a result of clause (ii) of the definition of “Good Reason” under Section 6(d) below, in which case the amount will be equal to Executive’s base salary as in effect immediately prior to such reduction) or, if greater, as in effect immediately prior to the Change in Control, for six (6) months from the date of such termination of employment, to be paid periodically in accordance with the Company’s normal payroll policies.
Base Salary Severance. Executive shall receive nine (9) months of Executive’s then-current base salary, paid out in the Company’s normal pay cycle over the nine-month period following termination (the “Severance Period”) and subject to all applicable withholding requirements. This severance payment will only be paid so long as Executive does not engage in any Competitive Activity during the Severance Period.
Base Salary Severance. Executive will receive a lump sum severance payment equal to one hundred percent (100%) of Executive’s base salary as in effect immediately prior to Executive’s termination of employment (unless the termination occurs as a result of clause (iii) of the definition of “Good Reason” under Section 6(d) below, in which case the amount will be equal to Executive’s annual base salary in effect prior to such reduction) or, if greater, at the level in effect immediately prior to the Change in Control, less applicable withholdings, payable within thirty (30) days following the date of Executive’s termination of employment.
Base Salary Severance. Executive will receive base salary severance in an amount equal to the number of months set forth below based on the length of time Executive was employed by the Company (or any parent, subsidiary or successor of the Company) prior to the Executive’s termination date (the “Severance Period”) multiplied by Executive’s Base Salary Rate: If Executive has been employed for less than twelve (12) months, three (3) months; If Executive has been employed for twelve (12) to twenty-four (24) months, six (6) months; and If Executive has been employed for twenty-four (24) or more months, nine (9) months. The base salary severance shall be paid to Executive at Executive’s Base Salary Rate in accordance with the Company’s normal payroll practices on the Company’s regularly scheduled payroll dates commencing with the first regularly scheduled payroll date that occurs at least 8 days following the Release Deadline, with the first payment being equal to the number of business days between Executive’s last day of employment and the date of the first payment multiplied by Executive’s daily Base Salary Rate.
Base Salary Severance. The Company will pay you, as cash severance, twelve (12) months of your base salary in effect as of your Separation from Service date, less standard payroll deductions and tax withholdings (the “Severance”). The Severance will be paid in installments in the form of continuation of your base salary payments, paid on the Company’s ordinary payroll dates, commencing on the Company’s first regular payroll date that is more than sixty (60) days following your Separation from Service date, and shall be for any accrued base salary for the sixty (60)-day period plus the period from the sixtieth (60th) day until the regular payroll date, if applicable, and all salary continuation payments thereafter, if any, shall be made on the Company’s regular payroll dates.
Base Salary Severance. You will receive cash severance equal to twelve (12) months of your base salary in effect as of the date of the Covered Termination (the “Termination Date”), subject to required payroll deductions and withholdings, paid in a lump sum within ten (10) business days after the effective date of the Release.
Base Salary Severance. In lieu of any amounts to which the Executive is entitled to under Section 5(c)(iii) of the Agreement, the Executive shall instead be entitled to a lump sum payment equal to three times the maximum amount payable annually under the then-applicable Salary Cap.
Base Salary Severance. Sprinklr will pay you an amount equal to 100% of your annual base salary rate in effect as of the Separation Date (in the gross amount of USD $500,000 payable in a lump sum in accordance with the Company’s regular payroll schedule, and in no event earlier than the Release Effective Date (as defined in the Separation Date Release).