Common use of Cash Compensation Amount Payments Clause in Contracts

Cash Compensation Amount Payments. The Company shall pay Executive an amount equal to (A) Executive’s annual Base Salary plus Executive’s Target Annual Bonus (as defined in Section 3.2 herein) multiplied by (B) 1.0 (the “Cash Compensation Amount”). Subject to the provisions of Section 6.11, the Cash Compensation Amount will be paid in equal installments on the Company’s standard payroll dates over a period of 12 months following Executive’s separation from service; provided, however, that any amounts that would otherwise be scheduled to be paid prior to the Release Effective Date shall instead accrue and be paid during the first payroll period following the Release Effective Date, and all other payments shall be made as originally scheduled.

Appears in 8 contracts

Samples: Employment Agreement (Retrophin, Inc.), Employment Agreement (Retrophin, Inc.), Employment Agreement (Retrophin, Inc.)

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Cash Compensation Amount Payments. The Company shall pay Executive an amount equal to (A) calculated as follows: [Executive’s annual annualized Base Salary plus + Executive’s Target Annual Bonus (as defined in Section 3.2 herein) )] multiplied by (B) 1.0 (the “Cash Compensation Amount”). Subject to the provisions of Section 6.11, the Cash Compensation Amount will be paid in equal installments on the Company’s standard payroll dates over a period of 12 months following Executive’s separation from service; provided, however, that any amounts that would otherwise be scheduled to be paid prior to the Release Effective Date shall instead accrue and be paid during the first payroll period following the Release Effective Date, and all other payments shall be made as originally scheduled.

Appears in 3 contracts

Samples: Employment Agreement (Neurocrine Biosciences Inc), Employment Agreement (Neurocrine Biosciences Inc), Employment Agreement (Neurocrine Biosciences Inc)

Cash Compensation Amount Payments. The Company shall pay Executive an amount equal to (A) Executive’s annual Base Salary plus Executive’s Target Annual Bonus (as defined in Section 3.2 herein) multiplied by (B) 1.0 (the “Cash Compensation Amount”). Subject to the provisions of Section 6.11, the Cash Compensation Amount will be paid in equal installments on the Company’s standard payroll dates over a period of 12 twelve (12) months following Executive’s separation from service; provided, however, that any amounts that would otherwise be scheduled to be paid prior to the Release Effective Date shall instead accrue and be paid during the first payroll period following the Release Effective Date, and all other payments shall be made as originally scheduled.

Appears in 2 contracts

Samples: Employment Agreement (Travere Therapeutics, Inc.), Employment Agreement (Travere Therapeutics, Inc.)

Cash Compensation Amount Payments. The Company shall pay Executive an amount equal to (A) Executive’s annual Base Salary plus Executive’s Target Annual Bonus (as defined in Section 3.2 herein) multiplied by (B) 1.0 1.5 (the “Cash Compensation Amount”). Subject to the provisions of Section 6.11, the Cash Compensation Amount will be paid in equal installments on the Company’s standard payroll dates over a period of 12 18 months following Executive’s separation from service; provided, however, that any amounts that would otherwise be scheduled to be paid prior to the Release Effective Date shall instead accrue and be paid during the first payroll period following the Release Effective Date, and all other payments shall be made as originally scheduled.

Appears in 2 contracts

Samples: Employment Agreement (Retrophin, Inc.), Employment Agreement (Retrophin, Inc.)

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Cash Compensation Amount Payments. The Company shall pay Executive an amount equal to (A) calculated as follows: [Executive’s annual annualized Base Salary plus + Executive’s Target Annual Bonus (as defined in Section 3.2 herein) )] multiplied by (B) 1.0 1.25 (the “Cash Compensation Amount”). Subject to the provisions of Section 6.11, the Cash Compensation Amount will be paid in equal installments on the Company’s standard payroll dates over a period of 12 15 months following Executive’s separation from service; provided, however, that any amounts that would otherwise be scheduled to be paid prior to the Release Effective Date shall instead accrue and be paid during the first payroll period following the Release Effective Date, and all other payments shall be made as originally scheduled.

Appears in 1 contract

Samples: Employment Agreement (Neurocrine Biosciences Inc)

Cash Compensation Amount Payments. The Company shall pay Executive an amount equal to (A) calculated as follows: [Executive’s annual Base Salary plus + Executive’s Target Annual Bonus (as defined in Section 3.2 herein) )] multiplied by (B) 1.0 (the “Cash Compensation Amount”). Subject to the provisions of Section 6.11, the Cash Compensation Amount will be paid in equal installments on the Company’s standard payroll dates over a period of 12 months following Executive’s separation from service; provided, however, that any amounts that would otherwise be scheduled to be paid prior to the Release Effective Date shall instead accrue and be paid during the first payroll period following the Release Effective Date, and all other payments shall be made as originally scheduled.

Appears in 1 contract

Samples: Employment Agreement (Neurocrine Biosciences Inc)

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