Common use of Cash Lump Sum Payment Clause in Contracts

Cash Lump Sum Payment. Pay to Executive, his estate, or his personal representative (as appropriate) a lump-sum cash payment equal to 12 months' Employment Base Salary to be paid within 30 days after the date the Company receives notice of Executive's death, or within 30 days after the date it has been determined that Executive has incurred a Disability.

Appears in 5 contracts

Samples: Employment Agreement (Pinnacle Micro Inc), Employment Agreement (Pinnacle Micro Inc), Employment Agreement (Pinnacle Micro Inc)

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Cash Lump Sum Payment. Pay to Executive, his estate, or his personal representative (as appropriate) a lump-sum cash payment equal to 12 twelve (12) months' Employment Base Salary Salary, to be paid within 30 thirty (30) days after the date the Company receives notice of Executive's death, or within 30 thirty (30) days after the date it has been conclusively determined that Executive has incurred a Disability.

Appears in 1 contract

Samples: Separation Agreement (Simulation Sciences Inc)

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