Common use of Enhanced RIF Termination Benefits Clause in Contracts

Enhanced RIF Termination Benefits. You shall receive each of the benefits described in Section 3(a) and (b) above, except that: (1) the Base Salary Payment Period and the COBRA Payment Period shall be 18, rather than 12, months; (2) the Severance Bonus shall not be pro-rated and shall instead by multiplied by 1.5; and (3) the Base Salary payments will be made to you in one lump sum cash payment within 30 days following the effective date of your Release, but in any event on or before the Short-Term Deferral Deadline.

Appears in 6 contracts

Samples: Change in Control and Severance Benefit Plan Participation Agreement (Gw Pharmaceuticals PLC), Change in Control and Severance Benefit Plan Participation Agreement (Gw Pharmaceuticals PLC), Change in Control and Severance Benefit Plan Participation Agreement (Gw Pharmaceuticals PLC)

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