Common use of Severance Benefits Clause in Contracts

Severance Benefits. The Company shall pay the Executive (i) twelve (12) months of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum which will be made on the first business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (i) twelve (126) months of his or his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (i6) twelve (12) months months’ worth of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (i) twelve (126) months worth of his or her monthly base salary (at the rate in effect immediately prior to at the actions that resulted in time of the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amountSeparation. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (i) twelve (126) months of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments payment in a cash lump-sum which will be made on the first business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive an amount equal to six (i6) twelve (12) months months’ worth of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (i) twelve (126) months of his or his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (i6) twelve (12) months months’ worth of his or her monthly base salary (at the rate in effect immediately prior to at the actions that resulted in time of the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amountSeparation. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) [twelve (12) 12)]1 / [six (6)]2 months of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments payment in a cash lump-sum in accordance with the Company’s standard payroll procedures which will be made on the first business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve (12) months worth of his or her monthly base salary (at the rate in effect immediately prior to at the actions that resulted in time of the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amountSeparation. Such The Executive will receive his severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive an amount equal to (i) twelve (12) months months’ worth of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination)salary, and (ii) pro-rata payment of Executive’s then-current annual target bonus amountopportunity. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (i) twelve (126) months of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments payment in a cash lump-sum which will be made on the first business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied. If Executive is subject to a Qualifying Termination, no Equity Awards shall accelerate, except as may be provided in an individual equity award agreement between Executive and the Company.

Severance Benefits. The Company shall pay the Executive (i) twelve (12) 6 months of his or his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve (12) 12 months of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum procedures which will be made on the first business day next regular payroll date occurring after the sixtieth (60th) day following the SeparationRelease Conditions have been satisfied, provided that if the sixty (60) day period following the Separation spans two calendar years, then the severance payment will be paid on the first payroll date occurring in the second calendar year after the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve (12) months of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments payment in a cash lump-sum in accordance with the Company’s standard payroll procedures which will be made on the first business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve (12) six months of his or his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve (12) months [12 months][9 months][6 months]1 of his or his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve eighteen (1218) months of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum which will be made on the first business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (i) twelve (126) months of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments payment in a cash lump-sum which will be made on the first business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive nine (i) twelve (129) months of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive his severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve (12) [___] months of his or her monthly base salary and then-current target bonus opportunity (prorated on a monthly basis at the rate rates in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve (12) months of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments payment in a cash lump-sum which will be made on the first business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i1) twelve (12) months of his or her Executive’s monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii2) pro-rata payment an amount equal to one hundred percent (100%) of the Executive’s then-current target bonus amount(together, such salary and bonus payments the “Severance”). Such severance payment shall be paid The Executive will receive the Severance in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum procedures which will be made on the first business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve three (123) months of his or her then-current monthly base salary salary, and (ii) twenty-five percent (25%) of the Executive’s annual target bonus at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive his severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve (12) months of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments payment in a cash lump-lump sum which will be made on the first business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve six (126) months of his or her monthly base salary and (ii) fifty percent (50%) of the Executive’s annual target bonus at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive his severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (i) twelve (126) months of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments payment in a cash lump-lump sum which will be made on the first business day occurring after the sixtieth within sixty (60th60) day days following the Separation, provided that subject to the Release Conditions have been satisfiedExecutive’s satisfaction of the release requirements set forth in Section 4 hereof.

Severance Benefits. The Company shall pay the Executive six (i) twelve (126) months of his or his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment plus an amount equal to 50% of the Executive’s then-current annual target bonus amountcorresponding to 100% achievement of target. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (i) twelve (126) months of his or his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.. (b)

Severance Benefits. The Company shall pay the Executive (i) [twelve (12) 12)]*[nine (9)]** months of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments payment in a cash lump-sum which will be made on the first business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (i) twelve (126) months of his or his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments payment in a cash lump-sum in accordance with the Company’s standard payroll procedures which will be made on the first business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (i) twelve (126) months of his or his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment plus an amount equal to 50% of the Executive’s then-current annual target bonus amount. Such corresponding to 100% achievement of target.. The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) an amount equal to twelve (12) months months’ worth of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve (12) months worth of his or her monthly base salary (at the rate in effect immediately prior to at the actions that resulted in time of the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amountSeparation. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) [twelve (12) months months)][nine (9) months][six (6) months]2 of his or her the Executive’s monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of . The Executive will receive the Executive’s then-current target bonus amount. Such severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (i) twelve (126) months of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments payment in a cash lump-sum in accordance with the Company’s standard payroll procedures which will be made on the first business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (i) twelve (126) months worth of his or her monthly base salary (at the rate in effect immediately prior to at the actions that resulted in time of the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amountSeparation. Such The Executive will receive his severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve nine (129) months of his or her monthly base salary and (ii) seventy-five percent (75%) of the Executive’s annual target bonus at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive his severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve (12) months of his or his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve (12) months months’ worth of his or her monthly base salary (at the rate in effect immediately prior to at the actions that resulted in time of the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amountSeparation. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve (12) months [12 months] [9 months]1 of his or his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve (12) months of his or his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive his or her severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) twelve six (126) months of his or her then-current monthly base salary salary, and (ii) fifty percent (50%) of the Executive’s annual target bonus at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such The Executive will receive his severance payment shall be paid in a cash lump-sum in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments in a cash lump-sum , which payment will be made on no later than the first business day regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (i) twelve (126) months of his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payments payment in a cash lump-lump sum which will be made on the first business day occurring after the sixtieth within sixty (60th60) day days following the Separation, provided that subject to the Release Conditions have been satisfied.Executive’s satisfaction of the release requirements set forth in Section 4 hereof. (b)