Common use of Form and Timing of Severance Benefit Clause in Contracts

Form and Timing of Severance Benefit. Payment of all of the benefits described in Sections 8.3(a) through (c) shall be paid in cash to the Executive in a single lump sum as soon as practicable following the Effective Date of Termination, but in no event beyond thirty (30) days from such date. All other payments due to the Executive upon termination of employment shall be paid in accordance with the terms of such applicable plans or programs.

Appears in 15 contracts

Samples: Employment Agreement (Savient Pharmaceuticals Inc), Employment Agreement (Bio Technology General Corp), Employment Agreement (Savient Pharmaceuticals Inc)

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Form and Timing of Severance Benefit. Payment of all of the benefits described in Sections 8.3(a) through (c) shall be paid in cash to the Executive in a single lump sum as soon as practicable following on the Effective Date of TerminationPayment Date, but in no event beyond thirty (30) days from such datesubject to Article 9. All other payments due to the Executive upon termination of employment shall be paid in accordance with the terms of such applicable plans or programs.

Appears in 9 contracts

Samples: Employment Agreement (Savient Pharmaceuticals Inc), Employment Agreement (Savient Pharmaceuticals Inc), Employment Agreement (Savient Pharmaceuticals Inc)

Form and Timing of Severance Benefit. Payment of all of the benefits described in Sections 8.3(a) through (c) shall be paid in cash to the Executive in a single lump sum as soon as practicable following the Effective Date of Termination, but in no event beyond thirty (30) days from such datesubject to the provisions of Section 9. 1. All other payments due to the Executive upon termination of employment shall be paid in accordance with the terms of such applicable plans or programs. 2.6 The following new Articles 9 and 10 are added immediately following Section 8.5, and all subsequent articles and section references in the Agreement are adjusted accordingly:

Appears in 7 contracts

Samples: Separation and Release Agreement (Savient Pharmaceuticals Inc), Employment Agreement (Savient Pharmaceuticals Inc), Employment Agreement (Savient Pharmaceuticals Inc)

Form and Timing of Severance Benefit. Payment of all of the benefits described in Sections 8.3(a) through (cb) shall be paid in cash to the Executive in a single lump sum on the Payment Date, subject to Article 9. The amount payable under Sections 8.3(c), 8.3(e) and 8.3(f) shall be paid in cash to the Executive in a single lump sum as soon as practicable following the Effective Date of Termination, but in no event beyond thirty (30) later than 30 days from after such date. All other payments due to the Executive upon termination of employment shall be paid in accordance with the terms of such applicable plans or programs.

Appears in 1 contract

Samples: Employment Agreement (Savient Pharmaceuticals Inc)

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Form and Timing of Severance Benefit. Payment of all of the benefits described in Sections 8.3(a) through (c) shall be paid in cash to the Executive in a single lump sum as soon as practicable following on the Effective Date of TerminationPayment Date, but in no event beyond thirty subject to Article 9 (30) days from such dateCompliance with IRC Section 409A). All other payments due to the Executive upon termination of employment shall be paid in accordance with the terms of such applicable plans or programs.

Appears in 1 contract

Samples: Employment Agreement (Dendreon Corp)

Form and Timing of Severance Benefit. Payment of all of the benefits described in Sections 8.3(a) through (c) shall be paid in cash to the Executive in a single lump sum as soon as practicable following on the Effective Date of Termination, but in no event beyond thirty (30) days from such datePayment Date. All other payments due to the Executive upon termination of employment shall be paid in accordance with the terms of such applicable plans or programs.

Appears in 1 contract

Samples: Employment Agreement (TherapeuticsMD, Inc.)

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