Common use of Salary Severance Clause in Contracts

Salary Severance. A single, lump sum payment equal to twelve (12) months of the Executive’s Salary, less applicable withholdings.

Appears in 23 contracts

Samples: Change in Control and Severance Agreement (Enliven Therapeutics, Inc.), Change in Control and Severance Agreement (Enliven Therapeutics, Inc.), Change in Control and Severance Agreement (Elastic N.V.)

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Salary Severance. A single, lump sum payment equal to twelve (12) months of the Executive’s SalarySalary (as defined below), less applicable withholdings.

Appears in 19 contracts

Samples: Change in Control and Retention Agreement (Vacasa, Inc.), Control and Severance Agreement (Silk Road Medical Inc), Control and Severance Agreement (Silk Road Medical Inc)

Salary Severance. A single, lump sum payment equal to twelve six (126) months of the Executive’s SalarySalary (as defined below), less applicable withholdings.

Appears in 11 contracts

Samples: Employment Agreement (Elastic N.V.), Change in Control and Severance Agreement (Elastic N.V.), Change in Control and Severance Agreement (Momentive Global Inc.)

Salary Severance. A single, lump sum payment payment, less applicable withholdings, equal to twelve (12) months of the Executive’s SalaryAnnual Base Salary (if applicable, less applicable withholdingssuch total number of months, the “Severance Period”).

Appears in 7 contracts

Samples: Employment Agreement (Acutus Medical, Inc.), Employment Agreement (Acutus Medical, Inc.), Employment Agreement (Acutus Medical, Inc.)

Salary Severance. A single, lump sum payment equal to twelve nine (129) months of the Executive’s Annual Base Salary, less applicable withholdingswithholdings (if applicable, such total number of months, the “Severance Period”).

Appears in 7 contracts

Samples: Employment Agreement (Acutus Medical, Inc.), Employment Agreement (Acutus Medical, Inc.), Employment Agreement (Acutus Medical, Inc.)

Salary Severance. A single, lump sum payment equal to twelve eighteen (1218) months of the Executive’s Salary, less applicable withholdings.

Appears in 7 contracts

Samples: Change in Control and Severance Agreement (Enliven Therapeutics, Inc.), Control Severance Agreement (Thorne Healthtech, Inc.), Change in Control and Severance Agreement (Nalu Medical, Inc.)

Salary Severance. A single, lump sum payment equal to twelve nine (129) months of the Executive’s SalarySalary (as defined below), less applicable withholdings.

Appears in 5 contracts

Samples: Control Severance Agreement (Thorne Healthtech, Inc.), Control Severance Agreement (Thorne Healthtech, Inc.), Change in Control and Severance Agreement (Nalu Medical, Inc.)

Salary Severance. A single, lump sum payment payment, less applicable withholdings, equal to the sum of twelve (12) months of the Executive’s Salary's Salary (such total number of months, less applicable withholdingsthe "Severance Period").

Appears in 4 contracts

Samples: Change in Control and Severance Agreement (Silk Road Medical Inc), Change in Control and Severance Agreement (Silk Road Medical Inc), Change in Control and Severance Agreement (Silk Road Medical Inc)

Salary Severance. A single, lump sum payment equal to twelve (12) 12 months of the Executive’s SalarySalary (as defined below), less applicable withholdings.

Appears in 4 contracts

Samples: Change in Control Severance Agreement (RxSight, Inc.), Change in Control Severance Agreement (RxSight, Inc.), Change in Control Severance Agreement (RxSight, Inc.)

Salary Severance. A single, lump sum payment equal to twelve nine (129) months of the Executive’s Salary's Salary (as defined below), less applicable withholdings.

Appears in 4 contracts

Samples: Change in Control and Severance Agreement (Silk Road Medical Inc), Change in Control and Severance Agreement (Silk Road Medical Inc), Change in Control and Severance Agreement (Silk Road Medical Inc)

Salary Severance. A single, lump sum payment equal to twelve (12) 12 months of the Executive’s Salary, less applicable withholdings.

Appears in 3 contracts

Samples: Change in Control Severance Agreement (RxSight, Inc.), Change in Control Severance Agreement (RxSight, Inc.), Change in Control Severance Agreement (RxSight, Inc.)

Salary Severance. A single, lump sum payment equal to twelve twenty-four (1224) months of the Executive’s Salary, less applicable withholdings.

Appears in 3 contracts

Samples: Change in Control and Severance Agreement (Ra Medical Systems, Inc.), Change in Control and Severance Agreement (Ra Medical Systems, Inc.), Change in Control and Severance Agreement (Netgear, Inc)

Salary Severance. A single, lump sum payment equal to twelve eighteen (1218) months of the Executive’s SalarySalary (as defined below), less applicable withholdings.

Appears in 2 contracts

Samples: Change in Control and Severance Agreement (Silk Road Medical Inc), Control and Severance Agreement (Silk Road Medical Inc)

Salary Severance. A single, lump sum payment payment, less applicable withholdings, equal to twelve twenty-four (1224) months of the Executive’s SalarySalary (such number of months, less applicable withholdingsthe “Severance Period”).

Appears in 2 contracts

Samples: Change in Control and Severance Agreement (Silk Road Medical Inc), Control and Severance Agreement (Silk Road Medical Inc)

Salary Severance. A single, lump sum payment payment, less applicable withholdings, equal to twelve (12) months of the Executive’s SalarySalary (such total number of months, less applicable withholdingsthe “Severance Period”).

Appears in 2 contracts

Samples: Change in Control and Severance Agreement (Outset Medical, Inc.), Change in Control and Severance Agreement (Outset Medical, Inc.)

Salary Severance. A single, lump sum payment equal to twelve (12) 18 months of the Executive’s Salary, less applicable withholdings.

Appears in 2 contracts

Samples: Change in Control and Severance Agreement (Vizio Holding Corp.), Change in Control Severance Agreement (RxSight, Inc.)

Salary Severance. A single, lump sum payment payment, less applicable withholdings, equal to twelve (12) months of the Executive’s SalarySalary (such number of months, less applicable withholdingsthe “Severance Period”).

Appears in 2 contracts

Samples: Control and Severance Agreement (Silk Road Medical Inc), Control and Severance Agreement (Silk Road Medical Inc)

Salary Severance. A single, lump sum payment equal to twelve (12) months of the Executive’s Salary's Salary (as defined below), less applicable withholdings.

Appears in 2 contracts

Samples: Change in Control and Severance Agreement (Silk Road Medical Inc), Change in Control and Severance Agreement (Silk Road Medical Inc)

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Salary Severance. A single, lump sum payment equal to twelve the sum of eighteen (1218) months of the Executive’s SalarySalary and 150% of Executive’s Target Bonus, less applicable withholdings.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Arcellx, Inc.)

Salary Severance. A single, lump sum payment equal to twelve (12) months of the Executive’s Annual Base Salary, less applicable withholdingswithholdings (if applicable, such total number of months, the “Severance Period”).

Appears in 1 contract

Samples: Employment Agreement (Acutus Medical, Inc.)

Salary Severance. A single, lump sum payment equal to [eighteen (18) / twelve (12) / nine (9)] months of the Executive’s Salary, less applicable withholdings.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Codex DNA, Inc.)

Salary Severance. A single, lump sum payment equal to twelve eighteen (1218) months of the Executive’s SalarySalary (as defined below), less applicable withholdings...

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Ra Medical Systems, Inc.)

Salary Severance. A single, lump sum payment equal to twelve (12) months 12)months of the Executive’s SalarySalary (as defined below), less applicable withholdings.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Nalu Medical, Inc.)

Salary Severance. A single, lump sum payment payment, less applicable withholdings, equal to twelve eighteen (1218) months of the Executive’s SalarySalary (such total number of months, less applicable withholdingsthe “Severance Period”).

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Outset Medical, Inc.)

Salary Severance. A single, lump sum payment payment, less applicable withholdings, equal to twelve eighteen (1218) months of the Executive’s SalaryAnnual Base Salary (if applicable, less applicable withholdingssuch total number of months, the “Severance Period”).

Appears in 1 contract

Samples: Employment Agreement (Acutus Medical, Inc.)

Salary Severance. A single, lump sum payment equal to twelve (12) months of the Executive’s SalarySalary (as defined below), less applicable withholdings.. 

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Silk Road Medical Inc)

Salary Severance. A single, lump sum payment equal to twelve eight (12) 8) months of the Executive’s SalarySalary (as defined below), less applicable withholdings.

Appears in 1 contract

Samples: And Retention Agreement (Vacasa, Inc.)

Salary Severance. A single, lump sum payment equal to twelve (12) months of the Executive’s Salary, less applicable withholdings.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Sumo Logic, Inc.)

Salary Severance. A single, lump sum payment payment, less applicable withholdings, equal to twelve six (126) months of the Executive’s SalarySalary (such total number of months, less applicable withholdingsthe “Severance Period”).

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Outset Medical, Inc.)

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