Payment to Employee. The Company agrees to pay Employee the sum of $________ (the "Payment") as severance pay, less all applicable withholdings for state, federal and FICA taxes. The Payment shall be paid in one lump sum as soon as practicable [following the expiration of the seven-day revocation period set forth in paragraph G below] OR [six (6) months following the Termination Date].
Appears in 4 contracts
Samples: Employment Agreement (Quest Resource Corp), Employment Agreement (Quest Resource Corp), Employment Agreement (Quest Resource Corp)
Payment to Employee. The Company agrees to pay Employee the sum of $________ (the "“Payment"”) as severance pay, less all applicable withholdings for state, federal and FICA taxes. The Payment shall be paid in one lump sum as soon as practicable [following the expiration of the seven-day revocation period set forth in paragraph G below] OR [six (6) months following the Termination Date].
Appears in 2 contracts
Samples: Employment Agreement (Quest Resource Corp), Employment Agreement (Quest Resource Corp)
Payment to Employee. The Company agrees to pay Employee the sum of $________ (the "Payment") as severance pay, less all applicable withholdings for state, federal and FICA taxes. The Payment shall be paid in one lump sum as soon as practicable [following insert number of installments] equal installments of $_________ on each regular payroll date of the Company. Such installments shall commence on the first payroll date that follows the expiration of the seven-day revocation period set forth in paragraph G below] OR [six (6) months following the Termination Date].
Appears in 2 contracts
Samples: Employment Agreement (Quest Resource Corp), Employment Agreement (Quest Resource Corp)
Payment to Employee. The Company agrees to pay Employee the sum of $________ $ (the "“Payment"”) as severance pay, less all applicable withholdings for state, federal and FICA taxes. The Payment shall be paid in one lump sum as soon as practicable [following the expiration of the seven-day revocation period set forth in paragraph G below] OR [six (6) months following the Termination Date].
Appears in 2 contracts
Samples: Employment Agreement (Quest Resource Corp), Employment Agreement (Quest Resource Corp)
Payment to Employee. The Company agrees to pay Employee the sum of $________ (the "“Payment"”) as severance pay, less all applicable withholdings for state, federal and FICA taxes. The Payment shall be paid in one lump sum as soon as practicable [following the expiration of the seven-day revocation period set forth in paragraph G below] OR [six (6) months following the Termination Date].
Appears in 1 contract
