Common use of Payment of Severance Amount Clause in Contracts

Payment of Severance Amount. In the event of an Involuntary Termination of the Employee's employment by the Company or any subsidiary or successor of the Company occurring within three years after a Change of Control, then the Company shall pay the Employee a lump sum amount equal to the Severance Amount, payable within 15 business days after the Termination Date, plus such other benefits as may be provided in subsequent provisions of this Agreement.

Payment of Severance Amount. In the event of an Involuntary Termination of If the Employee's employment by the Company Company, or any subsidiary Affiliate or successor of the Company occurring Company, shall be subject to a Termination within three years after a Change of Controlthe Covered Period, then the Company shall pay the Employee a lump sum an amount equal to the applicable Severance Amount, payable within 15 business fifteen (15) days after the Termination Date, plus such other benefits as may be provided in subsequent provisions Employee's termination that is related to the Change of this AgreementControl.

Payment of Severance Amount. In the event of an Involuntary Termination of If the Employee's employment by the Company or any subsidiary or successor of the Company occurring company shall be subject to a Voluntary Termination or an Involuntary Termination within three years after a Change of Controlthe Covered Period, then the Company shall pay the Employee a lump sum amount equal to the applicable Severance Amount, payable within 15 business days after the Termination Date, plus such other benefits as may be provided in subsequent provisions of this Agreement.

Payment of Severance Amount. In the event of an Involuntary Termination of If the Employee's ’s employment by the Company or any subsidiary or successor of the Company occurring shall be subject to a Voluntary Termination or an Involuntary Termination within three years after a Change of Controlthe Covered Period, then the Company shall pay the Employee a lump sum an amount equal to the applicable Severance Amount, payable within 15 business days after the Termination Date, plus such other benefits as may be provided in subsequent provisions of this Agreement.

Payment of Severance Amount. In the event of an Involuntary Termination of If the Employee's ’s employment by the Company or any subsidiary or successor of the Company occurring shall be subject to a Voluntary Termination or an Involuntary Termination within three years after a Change of Controlthe Covered Period, then the Company shall pay the Employee a lump sum an amount equal to the applicable Severance Amount. Except as otherwise provided by paragraph 3, the applicable Severance Amount shall be payable within 15 business days after the Termination Date, plus such other benefits as may be provided in subsequent provisions of this Agreement.