Common use of Base Salary Severance Clause in Contracts

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.

Appears in 2 contracts

Samples: Employment Agreement (Servicesource International, Inc.), Employment Agreement (Servicesource International, Inc.)

AutoNDA by SimpleDocs

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-nine (9) 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.

Appears in 2 contracts

Samples: Employment Agreement (Servicesource International, Inc.), Employment Agreement (Servicesource International, Inc.)

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-nine (9) 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 Employee does not engage perform any work in any Competitive Activity competition with the Company during the Severance Periodthis time.

Appears in 1 contract

Samples: Employment Agreement (Servicesource International, Inc.)

AutoNDA by SimpleDocs

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.

Appears in 1 contract

Samples: Employment Agreement (Servicesource International, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!