Common use of Separation Payment Clause in Contracts

Separation Payment. The Company further agrees to pay Employee a total lump sum of One Thousand Dollars and No/Cents ($1,000), less applicable withholding. This payment will be made to Employee within ten (10) business days after the Effective Date of this Agreement.

Separation Payment. The Company further agrees to pay Employee a total lump sum of One Thousand Dollars and No/Cents ($1,000)485,000.00, less applicable withholdingwithholdings. This payment will be made to Employee within ten thirty (1030) business days after the Effective Date of this Agreement.

Separation Payment. The Company further agrees to pay Employee a total lump sum equivalent to one (1) year of One Employee’s base salary, for a total of Five Hundred Ten Thousand Dollars and No/Cents ($1,000510,000), less applicable withholdingwithholdings. This payment will be made to Employee within ten (10) business days after on the first regularly scheduled payroll date of the Company following the Effective Date of this Agreement.

Separation Payment. The Company further agrees to will pay Employee you a total lump sum total of One Thousand Dollars $602,500.00, subject to standard payroll deductions and No/Cents withholdings, which is equivalent to twelve ($1,00012) months of your base salary rate as of the Separation Date (consistent with, but not required under, your Employment Agreement with the Company that you signed on February 5, 2015 (“Employment Agreement”), less applicable withholding). This payment amount will be made to Employee paid within ten (10) business days after the Effective Date of this Agreement(as defined in the ADEA Release Section below).

Separation Payment. The Company further agrees to will pay Employee you a total lump sum total of One Thousand Dollars $202,595.00, subject to standard payroll deductions and No/Cents withholdings, which is equivalent to six ($1,0006) months of your base salary rate as of the Separation Date (as provided for under your Employment Agreement with the Company that you signed on April 20, 2021 (“Employment Agreement”), less applicable withholding). This payment amount will be made to Employee paid within ten (10) business days after the Effective Date of this Agreement(as defined in the ADEA Release Section below).

Separation Payment. The Company further agrees to pay Employee a total lump sum equivalent to nine (9) months of One Thousand Dollars and No/Cents (Employee’s base salary, for a total of $1,000)300,273.84, less applicable withholding. This payment will be made to Employee within ten (10) business days after the Effective Date effective date of this the Release Agreement.

Separation Payment. The Company further agrees to pay Employee a total the lump sum total of One Thousand Dollars ninety-one thousand eight hundred and No/Cents seventy-five dollars ($1,00091,875) less applicable withholdings (such payment being the “Separation Payment”), less applicable withholdingwhich is equivalent to two months of Employee’s base pay. This payment will be made The Company shall pay the Separation Payment to Employee within ten fifteen (1015) business days after of the Effective Date effective date of this Agreementthe Supplemental Release by direct deposit to Employee’s bank account on record with the Company.