Common use of Bonus Severance Payment Clause in Contracts

Bonus Severance Payment. Executive shall receive an additional severance payment in an amount equal to 100% of Executive’s target annual bonus in effect for the fiscal year in which the Termination Date occurs (the “Bonus Severance Payment”). The Bonus Severance Payment shall be paid on the first regular payroll date following the effective date of the Release, subject to any delay in payment required by Section 5.5.

Appears in 6 contracts

Samples: Benefits Agreement (Nanometrics Inc), Benefits Agreement (Nanometrics Inc), General Severance Benefits And (Nanometrics Inc)

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Bonus Severance Payment. Executive shall receive an additional severance payment in an amount equal to 100% of Executive’s 's target annual bonus in effect for the fiscal year in which the Termination Date occurs (the “Bonus Severance Payment"). The Bonus Severance Payment shall be paid on the first regular payroll date following the effective date of the Release, subject to any delay in payment required by Section 5.5.be

Appears in 1 contract

Samples: General Severance Benefits And (Nanometrics Inc)

Bonus Severance Payment. Executive shall receive an additional severance payment in an amount equal to 100% of Executive’s target annual bonus in effect for the fiscal year in which the Termination Date occurs occurs, if any (the “Bonus Severance Payment”). The Bonus Severance Payment shall be subject to applicable payroll deductions and tax withholdings, and shall be paid on the first regular payroll date following the effective date of sixtieth (60th) day after the Release, subject to any delay in payment required by Section 5.5Termination Date.

Appears in 1 contract

Samples: Template SVP Severance And (Hyperion Therapeutics Inc)

Bonus Severance Payment. Executive shall receive an additional severance payment in an amount equal to 100% of Executive’s target annual bonus in effect for the fiscal year in which the Termination Date occurs (the “Bonus Severance Payment”). The Bonus Severance Payment shall be paid on the first regular payroll date following the effective date of the Release, subject to any delay in payment required by Section 5.5.be

Appears in 1 contract

Samples: Control Severance Benefits Agreement (Nanometrics Inc)

Bonus Severance Payment. Executive shall receive an additional severance payment in an amount equal to 100% of Executive’s target annual bonus in effect for the fiscal year in which the Termination Date occurs (the “Bonus Severance Payment”). The Bonus Severance Payment shall be occurs, paid on the first regular payroll date following the effective date of the Release, Release subject to any delay in payment required by Section 5.57(e).

Appears in 1 contract

Samples: Nanometrics Incorporated (Nanometrics Inc)

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Bonus Severance Payment. Executive shall receive an additional severance payment in an amount equal to 100% of Executive’s target annual bonus in effect for the fiscal year in which the Termination Date occurs (the “Bonus Severance Payment”). The Bonus Severance Payment shall be occurs, paid on the first regular payroll date following the effective date of the Release, subject to any delay in payment required by Section 5.57(e).

Appears in 1 contract

Samples: Nanometrics Incorporated (Nanometrics Inc)

Bonus Severance Payment. Executive shall receive an additional severance payment in an amount equal to 100% of Executive’s target annual bonus in effect for the fiscal year in which the Termination Date occurs (the “Bonus Severance Payment”). The Bonus Severance Payment shall be paid on the first regular payroll date following the effective date of the Release, Release subject to any delay in payment required by Section 5.5.

Appears in 1 contract

Samples: General Severance Benefits And (Nanometrics Inc)

Bonus Severance Payment. Executive shall receive an additional severance payment in of an amount equal to 100% of Executive’s target annual bonus in effect for the fiscal year in which the Termination Date occurs (the “Bonus Severance Payment”)) in lieu of any such annual bonus that might otherwise have been due for such year. The Bonus Severance Payment shall be paid on together with the first regular payroll date following the effective date installment of the Releasesalary-based severance in Section 2(a), subject to any delay in payment required by Section 5.58.

Appears in 1 contract

Samples: Change in Control Agreement (Onto Innovation Inc.)

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