Common use of Cash Lump Sum Payment Clause in Contracts

Cash Lump Sum Payment. The Company agrees to pay Executive a cash lump sum payment of One Hundred Sixty Four Thousand Seven Hundred Thirty Six Dollars (US$164,736), less applicable withholdings, which amount is equal to 34 weeks of his base salary (the “Severance Payment”). The Severance Payment shall be paid to Executive on the Termination Date.

Appears in 1 contract

Samples: Separation Agreement and Release (Genesis Microchip Inc /De)

AutoNDA by SimpleDocs

Cash Lump Sum Payment. The Company agrees to pay Executive a cash lump sum payment of One Hundred Sixty Four Eighty-Nine Thousand Seven Eight Hundred Thirty Six and Eight Dollars (US$164,736189,808), less applicable withholdings, which amount is equal to 34 forty-seven (47) weeks of his base salary (the “Severance Payment”). The Severance Payment shall be paid to Executive on within ten (10) days after the Termination DateEffective Date of this Agreement.

Appears in 1 contract

Samples: Separation Agreement and Release (Genesis Microchip Inc /De)

Cash Lump Sum Payment. The Company agrees to pay Executive a cash lump sum payment of One Hundred Sixty Ninety-Four Thousand Seven Three Hundred Thirty Six Fifty Dollars (US$164,73694,350), less applicable withholdings, which amount is equal to 34 twenty-six weeks of his base salary (the “Severance Payment”). The Severance Payment shall be paid to Executive on the Termination Date.

Appears in 1 contract

Samples: Separation Agreement and Release (Genesis Microchip Inc /De)

AutoNDA by SimpleDocs

Cash Lump Sum Payment. The Company agrees to pay Executive a cash lump sum payment of One Two Hundred Sixty Eight Thousand Four Thousand Seven Hundred Thirty Six Seventy Two Dollars (US$164,736208,472), less applicable withholdings, which amount is equal to 34 46 weeks of his base salary (the “Severance Payment”). The Severance Payment shall be paid to Executive on the Termination Date.

Appears in 1 contract

Samples: Separation Agreement and Release (Genesis Microchip Inc /De)

Time is Money Join Law Insider Premium to draft better contracts faster.