Common use of Cash Severance Benefits and COBRA Premiums Clause in Contracts

Cash Severance Benefits and COBRA Premiums. The Executive agrees that, except as set forth in this Agreement, he/she is entitled to no additional pay or benefits in conjunction with the termination of his/her employment. Subject to Section 22(b) of this Agreement, the Company shall pay to the Executive, in a lump-sum, cash severance in the gross amount of (the “Severance Payment”), which the parties acknowledge and agree represents the amount of the “Severance Payment” calculated under, and as defined in, Section 7 of the Employment Agreement, consisting of:

Appears in 6 contracts

Samples: General Release and Separation Agreement (Accuray Inc), General Release and Separation Agreement (Accuray Inc), General Release and Separation Agreement (Accuray Inc)

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Cash Severance Benefits and COBRA Premiums. The Executive agrees that, except as set forth in this Agreement, he/she he is entitled to no additional pay or benefits in conjunction with the termination of his/her his employment. Subject to Section 22(b) of this Agreement, thirty days following the Effective Date of this Agreement, the Company shall pay to the Executive, in a lump-sum, cash severance in the gross amount of $319,694.94 (the “Severance Payment”), which the parties acknowledge and agree represents the amount of the “Severance Payment” calculated under, and as defined in, Section 7 7(a) of the Employment Agreement, consisting of:: EXECUTIVE GENERAL RELEASE ACCURAY CONFIDENTIAL

Appears in 1 contract

Samples: General Release and Separation Agreement (Accuray Inc)

Cash Severance Benefits and COBRA Premiums. The Executive agrees that, except as set forth in this Agreement, he/she he is entitled to no additional pay or benefits in conjunction with the termination of his/her his employment. Subject to Section 22(b23(b) of this Agreement, the Company shall pay to the Executive, in a lump-sum, cash severance in the gross amount of $1,159,666 (the “Severance Payment”), which the parties acknowledge and agree represents the amount of the “Severance Payment” calculated under, and as defined in, Section 7 of the Employment Agreement, consisting of:

Appears in 1 contract

Samples: General Release and Separation Agreement (Accuray Inc)

Cash Severance Benefits and COBRA Premiums. The Executive agrees that, except as set forth in this Agreement, he/she is entitled to no additional pay or benefits in conjunction with the termination of his/her employment. Subject to Section 22(b) of this Agreement, the Company shall pay to the Executive, in a lump-sum, cash severance in the gross amount of $475,120.05 (the “Severance Payment”), which the parties acknowledge and agree represents the amount of the “Severance Payment” calculated under, and as defined in, Section 7 of the Employment Agreement, consisting of:

Appears in 1 contract

Samples: General Release and Separation Agreement (Accuray Inc)

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Cash Severance Benefits and COBRA Premiums. The Executive agrees that, except as set forth in this Agreement, he/she he is entitled to no additional pay or benefits in conjunction with the termination of his/her his employment. Subject to Section 22(b) of this Agreement, the Company shall pay to the Executive, in a lump-sum, cash severance in the gross amount of $383,926.01 (the “Severance Payment”), which the parties acknowledge and agree represents the amount of the “Severance Payment” calculated under, and as defined in, Section 7 6(a) of the Employment Agreement, consisting of:

Appears in 1 contract

Samples: General Release and Separation Agreement (Accuray Inc)

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