Common use of Salary and Pro-Rata Bonus Payment Clause in Contracts

Salary and Pro-Rata Bonus Payment. In consideration of Executive’s execution and non-revocation of the Release by the Release Deadline Date, in a form provided by the Company and in accordance with Article 5, the Company shall pay Executive a severance payment equal to (i) the sum of Executive’s Monthly Base Salary and Pro-Rata Bonus multiplied by (ii) the number of months in the Change in Control Severance Period, less applicable withholdings. The severance payment shall be payable (except as set forth in Article 5) in a lump sum on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date.

Salary and Pro-Rata Bonus Payment. In consideration of Executive’s timely execution and non-revocation of the Release by the Release Deadline Datea full release of all claims, in a form provided by the Company and in accordance with Article 5, the Company shall pay Executive a severance payment equal to (i) the sum of Executive’s Monthly Base Salary and Pro-Rata Bonus multiplied by (ii) the number of months in the Change in Control Severance Period, less applicable withholdings. The severance payment shall be payable (except as set forth in Article 5) in a lump sum on the first regularly-scheduled payroll date occurring on or after the Release Deadline 60th day following the Termination Date.

Salary and Pro-Rata Bonus Payment. In consideration of Executive’s execution and non-revocation of the Release by the Release Deadline Date, Date in a form provided by the Company and in accordance with Article 54, the Company shall pay Executive a severance payment equal to (ia) the sum of Executive’s Monthly Base Salary and Pro-Rata Bonus multiplied by (iib) the number of months in the Change in Control Severance Period, less applicable withholdings. The severance payment shall be payable (except as set forth in Article 5) in a lump sum on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date.

Salary and Pro-Rata Bonus Payment. In consideration of Executive’s timely execution and non-revocation of the Release by the Release Deadline Datea full release of all claims, in a form provided by the Company and in accordance with Article 54, the Company shall pay Executive a severance payment equal to (i) the sum of Executive’s Monthly Base Salary and Pro-Rata Bonus multiplied by (ii) the number of months in the Change in Control Severance Period, less applicable withholdings. The severance payment shall be payable (except as set forth in Article 54) in a lump sum on the first regularly-scheduled payroll date occurring on or after the Release Deadline 60th day following the Termination Date.