Common use of Contingent Severance Payments Clause in Contracts

Contingent Severance Payments. If Executive has not secured ----------------------------- Reemployment as of the end of the twelve (12) month period, Executive shall be eligible to receive an additional six (6) months of Base Compensation, also paid in accordance with the Company's standard payroll practices ("Contingent Severance Payments"). The Contingent Severance Payments shall discontinue upon Executive notifying Company of Re-Employment.

Appears in 3 contracts

Samples: Severance Agreement (Phoenix Technologies LTD), Severance Agreement (Phoenix Technologies LTD), Severance Agreement (Phoenix Technologies LTD)

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Contingent Severance Payments. If Executive has not secured ----------------------------- Reemployment as of the end of the twelve (12) month period, Executive shall be eligible to receive an additional six (6) months of Base Compensation, also paid in accordance with the Company's ’s standard payroll practices ("Contingent Severance Payments"). The Contingent Severance Payments shall discontinue upon Executive notifying Company of Re-Employment.

Appears in 1 contract

Samples: Severance Agreement (Phoenix Technologies LTD)

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