Common use of Payment in Lieu of Notice Clause in Contracts

Payment in Lieu of Notice. Without regard to whether Executive executes or revokes the Release, the Company will pay Executive an amount equal to $__________, which equals thirty (30) days of base salary, in lieu of the Company’s obligation to provide notice of termination pursuant to Section 3(c) of the Employment Agreement, less applicable tax withholding and normal deductions. Such amount will be paid to Executive on the Company’s next regular payroll date after the Termination Date.

Payment in Lieu of Notice. Without regard to whether Executive executes or revokes the Release, the Company will pay Executive an amount equal to $__________67,152.00, which equals thirty (30) days of base salary, in lieu of the Company’s obligation to provide notice of termination pursuant to Section 3(c) of the Employment Agreement, less applicable tax withholding and normal deductions. Such amount will be paid to Executive on the Company’s next regular payroll date after the Termination Date.

Payment in Lieu of Notice. Without regard to whether Executive executes or revokes the Release, the Company will pay Executive an amount equal to $__________, $ which equals thirty (30) days of base salary, in lieu of the Company’s obligation to provide notice of termination pursuant to Section 3(c) of the Employment Agreement, less applicable tax withholding and normal deductions. Such amount will be paid to Executive on the Company’s next regular payroll date after the Termination Date.

Payment in Lieu of Notice. Without regard to whether Executive executes or revokes the Release, the The Company will pay Executive an amount equal to $__________28,583.33, which equals thirty (30) days of base salary, in lieu of the Company’s obligation to provide notice of termination pursuant to Section 3(c) of the Employment Agreement, less applicable tax withholding and normal deductions, without regard as to whether the Release becomes effective. Such amount will be paid to Executive on the Company’s next regular payroll date after the Termination Date.

Payment in Lieu of Notice. Without regard to whether Executive executes or revokes the Release, the Company will pay Executive an amount equal to $[__________, ] which equals thirty (30) days of base salary, in lieu of the Company’s obligation to provide notice of termination pursuant to Section 3(c) of the Employment Agreement, less applicable tax withholding and normal deductions. Such amount will be paid to Executive on the Company’s next regular payroll date after the Termination Date.

Payment in Lieu of Notice. Without regard to whether Executive executes or revokes the Release, the Company will pay Executive an amount equal to $[__________, ] which equals thirty (30) days of base salary, in lieu of the Company’s obligation to provide notice of termination pursuant to Section 3(c3(d) of the Employment Agreement, less applicable tax withholding and normal deductions. Such amount will be paid to Executive on the Company’s next regular payroll date after the Termination Date.