Common use of Severance Payment Method Clause in Contracts

Severance Payment Method. It is understood that the method of payment of the severance (for example, lump sum or incremental payment schemes) shall be determined by the employee, provided that the total amount of payment is fully paid within the applicable notice payment period (not greater than fifty-two (52) weeks). That is, lump sum payments or other incremental payment schemes are possible.

Severance Payment Method. It is understood that the method of payment of the severance (for exampleseverance, either lump sum or incremental payment schemes) salary continuation, shall be determined by the employee, provided that the total amount of payment is fully paid within the applicable notice payment period (not greater than fifty-two (52) weeks). That is, lump sum payments or other incremental payment schemes are possible.

Severance Payment Method. It is understood that the method of payment of the severance (for example, lump sum or incremental payment schemes) shall be determined by the employeeEmployee, provided that the total amount of payment is fully paid within the applicable notice payment period (not greater than fifty-two (52) weeks). That is, lump sum payments or other incremental payment schemes are possible.