Common use of Payment of Severance Clause in Contracts

Payment of Severance. Subject to Section 7(c)(7) below, the Company shall pay to Executive a lump sum cash payment, no later than 10 days after such termination, equal to two (2) times Executive’s Final Pay as defined in Section 10(d). In the event Executive materially breaches any non-compete or confidentiality agreement then in effect with the Company, Executive agrees to return to the Company all amounts received under this Section 7(c)(2).

Payment of Severance. Subject to Section 7(c)(7) below, the The Company shall pay to Executive a lump sum cash payment, no later than 10 days after such termination, equal to two (2) times Executive’s Final Pay as defined in Section 10(d3(d). In the event Executive materially breaches any non-compete or confidentiality agreement then in effect with the Company, Executive agrees to return to the Company all amounts received under this Section 7(c)(22(c)(2).

Payment of Severance. Subject to Section subsections 7(c)(6) and 7(c)(7) below, if Executive is terminated, the Company shall pay to Executive him a lump sum cash payment, no later than 10 days after such termination, equal to two (2) times Executive’s Final Pay as defined in Section 10(d). In the event Executive materially breaches any non-compete or confidentiality agreement then in effect with the Company, Executive agrees to return to the Company all amounts received under this Section 7(c)(2).

Payment of Severance. Subject to Section 7(c)(7) below, the The Company shall pay to Executive a lump sum cash payment, no later than 10 days after such termination, equal to two (2) times Executive’s Final Pay as defined in Section 10(d3(d), minus deductions required by law. In the event Executive materially breaches any non-compete or confidentiality agreement then in effect with the Company, Executive agrees to return to the Company all amounts received under this Section 7(c)(22(c)(2).

Payment of Severance. Subject to Section 7(c)(72(c)(7) below, the Company shall pay to Executive a lump sum cash payment, no later than 10 days after such termination, equal to two one (21) times Executive’s Final Pay as defined in Section 10(d3(d). In the event Executive materially breaches any non-compete or confidentiality agreement then in effect with the Company, Executive agrees to return to the Company all amounts received under this Section 7(c)(22(c)(2).

Payment of Severance. Subject to Section 7(c)(73(c)(7) below, the Company shall pay to Executive a lump sum cash payment, no later than 10 days after such termination, equal to two one (21) times Executive’s Final Pay as defined in Section 10(d3(d). In the event Executive materially breaches any non-compete or confidentiality agreement then in effect with the Company, Executive agrees to return to the Company all amounts received under this Section 7(c)(23(c)(2).

Payment of Severance. Subject to Section 7(c)(7) below, the The Company shall pay to Executive a lump sum cash payment, no later than 10 days after such termination, equal to two one (21) times Executive’s Final Pay as defined in Section 10(d3(d). In the event Executive materially breaches any non-compete or confidentiality agreement then in effect with the Company, Executive agrees to return to the Company all amounts received under this Section 7(c)(22(c)(2).

Payment of Severance. Subject to Section 7(c)(7) below, the The Company shall pay to Executive a lump sum cash payment, no later than 10 days after such termination, equal to two one (21) times Executive’s Final Pay as defined in Section 10(d3(d), minus deductions required by law. In the event Executive materially breaches any non-compete or confidentiality agreement then in effect with the Company, Executive agrees to return to the Company all amounts received under this Section 7(c)(22(c)(2).