Common use of Severance Package Clause in Contracts

Severance Package. The Severance Package shall consist of the following: (i) a severance payment equal to: (a) the greater of one and one-half (1-1/2) times Executive's Base Salary then in effect on the date of termination or the balance of Executive's Base Salary due for the remainder of the current term, payable in accordance with Company's regular payroll cycle; plus (b) one and one-half (1-1/2) times the average cash bonus paid to Executive for each of the years completed under the terms of this Agreement, payable no later than February 15 of the calendar year following Executive's termination; (ii) accelerated vesting of all unvested portions of Executive's stock options; and (iii) continuation of group health insurance benefits on the same terms as during Executive's employment for the remainder of the current term (the "Continuation Period"), provided Company's insurance carrier allows for such benefits continuation. In the event Company's insurance carrier does not allow such coverage continuation, Company agrees to pay the premiums required to continue Executive's group health care coverage for the Continuation Period, under the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), provided that Executive elects to continue and remains eligible for these benefits under COBRA, and does not obtain health coverage through another employer during this period.

Severance Package. The Severance Package shall will consist of the following: (i) a severance payment payable in one lump some and equal to: (a) the greater of one and one-half two (1-1/22) times Executive's Base Salary then in effect on the date of termination or the balance of Executive's Base Salary due for the remainder of the current term, payable in accordance with Company's regular payroll cycle; plus (b) one and one-half two (1-1/22) times the average cash bonus paid to Executive for each of the years completed under the terms of this Agreement, payable no later than February 15 of the calendar year following Executive's termination; (ii) accelerated vesting of all unvested portions of Executive's stock optionsoptions and the ability to exercise such options for a period of three (3) years from the date of termination of employment; provided that the options have not expired by their terms; and (iii) continuation of group health insurance benefits on the same terms as during Executive's employment for the remainder of the current term (the "Continuation Period"), provided Company's insurance carrier allows for such benefits continuation. In the event Company's insurance carrier does not allow such coverage continuation, Company agrees to pay the premiums required to continue Executive's group health care coverage for the Continuation Period, under the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), provided that Executive elects to continue and remains eligible for these benefits under COBRA, and does not obtain health coverage through another employer during this period.

Severance Package. The Severance Package shall consist of the following: (i) a severance payment equal to: (a) the greater of one and one-half (1-1/211/2) times Executive's ’s Base Salary then in effect on the date of termination or the balance of Executive's ’s Base Salary due for the remainder of the current term, payable in accordance with Company's regular payroll cycle; plus (b) one and one-half (1-1/211/2) times the average cash bonus paid to Executive for each of the years completed under the terms of this Agreement, payable no later than February 15 of the calendar year in a single lump sum payment within thirty (30) days following Executive's ’s termination; (ii) accelerated full vesting of all unvested portions of Executive's stock options’s equity awards; and (iii) continuation of group health insurance benefits on the same terms as during Executive's ’s employment for the greater of (a) the remainder of the current term term, or (b) one and one-half (11/2) years (the "“Continuation Period"”), ; provided Company's ’s insurance carrier allows for such benefits continuation. In the event Company's ’s insurance carrier does not allow such coverage continuation, Company agrees to pay the premiums required to continue Executive's ’s group health care coverage for the Continuation Period, under the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 ("“COBRA"”), provided that Executive elects to continue and remains eligible for these benefits under COBRA, and does not obtain health coverage through another employer during this period.

Severance Package. The Severance Package shall consist of the following: (i) a severance payment equal to: (a) the greater of one and one-half (1-1/211/2) times Executive's ’s Base Salary then in effect on the date of termination or the balance of Executive's ’s Base Salary due for the remainder of the current term, payable in accordance with Company's regular payroll cycle; plus (b) one and one-half (1-1/211/2) times the average cash bonus paid to Executive for each of the years completed under the terms of this Agreement, payable no later than February 15 of the calendar year in a single lump sum within thirty (30) days following Executive's ’s termination; (ii) accelerated full vesting of all unvested portions of Executive's stock options’s equity awards; and (iii) continuation of group health insurance benefits on the same terms as during Executive's ’s employment for the greater of (a) the remainder of the current term term, or (b) one and one-half (11/2) years (the "“Continuation Period"”), ; provided Company's ’s insurance carrier allows for such benefits continuation. In the event Company's ’s insurance carrier does not allow such coverage continuation, Company agrees to pay the premiums required to continue Executive's ’s group health care coverage for the Continuation Period, under the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 ("“COBRA"”), provided that Executive elects to continue and remains eligible for these benefits under COBRA, and does not obtain health coverage through another employer during this period.

Severance Package. The Severance Package shall consist of the following: (i) a severance payment equal to: (a) the greater of one and one-half (1-1/211/2) times Executive's ’s Base Salary then in effect on the date of termination or the balance of Executive's ’s Base Salary due for the remainder of the current term, payable in accordance with Company's regular payroll cycle; plus (b) one and one-half (1-1/211/2) times the average cash bonus paid to Executive for each of the years completed under the terms of this Agreement, payable no later than February 15 of the calendar year in a single lump sum within thirty (30) days following Executive's ’s termination; (ii) accelerated full vesting of all unvested portions of Executive's stock options’s equity awards; and (iii) continuation of group health insurance benefits on the same terms as during Executive's ’s employment for the greater of (a) the remainder of the current term term, or (b) one and one-half (11/2) years (the "“Continuation Period"”), provided Company's ’s insurance carrier allows for such benefits continuation. In the event Company's ’s insurance carrier does not allow such coverage continuation, Company agrees to pay the premiums required to continue Executive's ’s group health care coverage for the Continuation Period, under the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 ("“COBRA"”), provided that Executive elects to continue and remains eligible for these benefits under COBRA, and does not obtain health coverage through another employer during this period.

Severance Package. The Severance Package shall will consist of the following: (i) a severance payment equal to: "Severance Payment" equivalent to the sum of three (a3) the greater years of one and one-half (1-1/2) times Executive's Base Salary then in effect on the date of termination or the balance of plus three (3) times Executive's Base Salary due bonus potential for the remainder of the current termyear in which Executive was terminated, less any bonus amounts already received and applicable taxes and withholdings, payable in accordance with Company's regular payroll cycle; plus a lump sum within thirty (b30) one and one-half (1-1/2) times the average cash bonus paid to Executive for each days of the years completed under the terms of this Agreement, payable no later than February 15 of the calendar year following Executive's such termination; (ii) accelerated vesting of any and all unvested portions of Executive's stock options, restricted stock units and any other outstanding equity awards that remain unvested as of the date of termination; and (iii) continuation of Executive's group health insurance benefits on the same terms as during his employment until the sooner of one (1) year following the Separation Date or Executive's employment for the remainder procurement of the current term health care coverage through another employer (the "Benefits Continuation Period"), provided Company's insurance carrier allows for such benefits continuation. In the event Company's insurance carrier does not allow for such coverage continuation, Company agrees to pay the premiums required to continue Executive's group health care coverage for during the Benefits Continuation Period, under the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), provided that Executive elects to continue and remains eligible for these benefits under COBRA, and does not obtain health coverage through another employer during this period.

Severance Package. The Severance Package shall consist of the following: (i) a severance payment equal to: (a) the greater of one and one-half (1-1/211/2) times Executive's ’s Base Salary then in effect on the date of termination or the balance of Executive's ’s Base Salary due for the remainder of the current term, payable in accordance with Company's regular payroll cycle; plus (b) one and one-half (1-1/211/2) times the average cash bonus paid to Executive for each of the years completed under the terms of this Agreement, payable no later than February 15 of the calendar year in a single lump sum payment within thirty (30) days following Executive's ’s termination; (ii) accelerated full vesting of all unvested portions of Executive's stock options’s equity awards; and (iii) continuation of group health insurance benefits on the same terms as during Executive's ’s employment for the greater of (a) the remainder of the current term term, or (b) one and one-half (11/2) years (the "“Continuation Period"”), provided Company's ’s insurance carrier allows for such benefits continuation. In the event Company's ’s insurance carrier does not allow such coverage continuation, Company agrees to pay the premiums required to continue Executive's ’s group health care coverage for the Continuation Period, under the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 ("“COBRA"”), provided that Executive elects to continue and remains eligible for these benefits under COBRA, and does not obtain health coverage through another employer during this period.

Severance Package. The Severance Package shall will consist of the following: (i) a severance payment payable in one lump sum and equal to: (a) the greater of one and one-half two (1-1/22) times Executive's Base Salary then in effect on the date of termination or the balance of Executive's Base Salary due for the remainder of the current term, payable in accordance with Company's regular payroll cycle; plus (b) one and one-half two (1-1/22) times the average cash bonus paid to Executive for each of the years completed under the terms of this Agreement, payable no later than February 15 of the calendar year following Executive's termination; (ii) accelerated vesting of all unvested portions of Executive's stock optionsoptions and the ability to exercise such stock options for a period of three (3) years from the date of termination of employment; provided that the options have not expired by their terms; and (iii) continuation of group health insurance benefits on the same terms as during Executive's employment for the remainder of the current term (the "Continuation Period"), provided Company's insurance carrier allows for such benefits continuation. In the event Company's insurance carrier does not allow such coverage continuation, Company agrees to pay the premiums required to continue Executive's group health care coverage for the Continuation Period, under the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), provided that Executive elects to continue and remains eligible for these benefits under COBRA, and does not obtain health coverage through another employer during this period.