Common use of Severance Payment Clause in Contracts

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred percent (100%) of Executive’s annual base salary as in effect immediately prior to Executive’s termination date.

Appears in 5 contracts

Samples: Change of Control Severance Agreement (Cornerstone OnDemand Inc), Change of Control Severance Agreement (Cornerstone OnDemand Inc), Change of Control Severance Agreement (Cornerstone OnDemand Inc)

AutoNDA by SimpleDocs

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred percent (100%) of Executive’s annual base salary as in effect immediately prior to Executive’s termination date.

Appears in 5 contracts

Samples: Change of Control and Severance Agreement (Cutera Inc), Change of Control and Severance Agreement (Cutera Inc), Change of Control and Severance Agreement (Cutera Inc)

Severance Payment. Executive will receive a lump-lump sum severance payment (less applicable withholding taxes) equal to one hundred percent the sum of (100%A) 200% of Executive’s annual base salary as in effect immediately prior to Executive’s termination datedate or (if greater) at the level in effect immediately prior to the Change of Control, and (B) 100% of Executive’s target annual bonus as in effect immediately prior to Executive’s termination date or (if greater) at the level in effect immediately prior to the Change of Control.

Appears in 3 contracts

Samples: Change of Control Severance Agreement (NetApp, Inc.), Change of Control Severance Agreement (NetApp, Inc.), Change of Control Severance Agreement (NetApp, Inc.)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred seventy-five percent (10075%) of Executive’s annual base salary as in effect immediately prior to Executive’s termination date.

Appears in 3 contracts

Samples: Change of Control Severance Agreement (Quotient Technology Inc.), Change of Control Severance Agreement (Quotient Technology Inc.), Change of Control Severance Agreement (Quotient Technology Inc.)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred percent (100%) of Executive’s annual base salary as in effect immediately prior to Executive’s termination datedate (or if the termination is due to a resignation for Good Reason based on a material reduction in base salary, then Executive’s annual base salary in effect immediately prior to such reduction) or, if greater, at the level in effect immediately prior to the Change of Control.

Appears in 3 contracts

Samples: Change of Control Severance Agreement (Quotient Technology Inc.), Change of Control Severance Agreement (Quotient Technology Inc.), Change of Control Severance Agreement (Quotient Technology Inc.)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one two hundred percent (100200%) of Executive’s annual base salary as in effect immediately prior to Executive’s termination date.

Appears in 3 contracts

Samples: Change of Control and Severance Agreement (Cutera Inc), Change of Control and Severance Agreement (Cutera Inc), Change of Control and Severance Agreement (Cutera Inc)

Severance Payment. Executive will receive a lump-lump sum payment (less applicable withholding taxes) of severance equal to one hundred percent (100%) % of Executive’s annual base salary as in effect immediately prior to Executive’s termination date.

Appears in 2 contracts

Samples: Change of Control and Severance Agreement (Solta Medical Inc), Change of Control and Severance Agreement (Thermage Inc)

Severance Payment. Executive will receive a lump-lump sum payment (less applicable withholding taxes) of severance equal to one hundred percent (100%) 50% of Executive’s annual base salary as in effect immediately prior to Executive’s termination date.

Appears in 2 contracts

Samples: Change of Control and Severance Agreement (Solta Medical Inc), Change of Control and Severance Agreement (Thermage Inc)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred percent (100%) of Executive’s annual base salary as in effect immediately prior to Executive’s termination datedate (or if the termination is due to a resignation for Good Reason based on a material reduction in base compensation, then Executive’s annual base salary in effect immediately prior to such reduction) or, if greater, at the level in effect immediately prior to the Change of Control.

Appears in 2 contracts

Samples: Change of Control Severance Agreement (Linear Technology Corp /Ca/), Change of Control Severance Agreement (Linear Technology Corp /Ca/)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) of severance equal to one hundred percent (100%) of Executive’s annual base salary as in effect immediately prior to Executive’s termination dateor resignation date or (if greater) at the level in effect immediately prior to the Change in Control.

Appears in 2 contracts

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

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred percent (100%) of Executive’s annual base salary Base Salary as in effect immediately prior to Executive’s termination datedate (or if the termination is due to a resignation for Good Reason based on a material reduction in Base Salary, as applicable, then Executive’s Base Salary in effect immediately prior to the reduction).

Appears in 2 contracts

Samples: Employment Agreement (Rambus Inc), Employment Agreement (Rambus Inc)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) of severance equal to one two hundred percent (100200%) of Executive’s annual base salary as in effect immediately prior to Executive’s termination dateor resignation date or (if greater) at the level in effect immediately prior to the Change in Control.

Appears in 2 contracts

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

Severance Payment. Executive will receive a lump-lump sum payment (less applicable withholding taxes) of severance equal to one hundred percent (100%) 200% of Executive’s annual base salary as in effect immediately prior to Executive’s termination date.

Appears in 2 contracts

Samples: Change of Control and Severance Agreement (Solta Medical Inc), Change of Control and Severance Agreement (Thermage Inc)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred fifty percent (100150%) of Executive’s annual base salary as in effect immediately prior to Executive’s termination datedate or, if greater, at the level in effect immediately prior to the Change of Control.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Cornerstone OnDemand Inc)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred percent (100%) of Executive’s 's annual base salary as in effect immediately prior to Executive’s 's termination datedate (or if the termination is due to a resignation for Good Reason based on a material reduction in base compensation, then Executive's annual base salary in effect immediately prior to such reduction) or, if greater, at the level in effect immediately prior to the Change of Control.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Analog Devices Inc)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred seventy-five percent (100%) of Executive’s annual base salary as in effect immediately prior to Executive’s termination date.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Quotient Technology Inc.)

Severance Payment. Executive will receive a lump-lump sum payment (less applicable withholding taxes) equal to one hundred percent the sum of (100%A) 1.5 years of Executive’s annual base salary as in effect immediately prior to Executive’s termination datedate or, if greater, at the level in effect immediately prior to the Change of Control.

Appears in 1 contract

Samples: Retirement and Transition Services Agreement (Comscore, Inc.)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred seventy-five percent (10075%) of Executive’s 's annual base salary as in effect immediately prior to Executive’s 's termination date.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Quotient Technology Inc.)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred percent (100%) % of Executive’s 's annual base salary as in effect immediately prior to Executive’s 's termination datedate or, if greater, at the level in effect immediately prior to the Change of Control.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Cornerstone OnDemand Inc)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred fifty percent (100150%) of Executive’s annual base salary as in effect immediately prior to Executive’s termination date.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Cornerstone OnDemand Inc)

Severance Payment. Executive will receive a lump-lump sum payment (less applicable withholding taxes) of severance equal to one hundred percent (100%) % of Executive’s annual base salary as in effect immediately prior to Executive’s termination datedate or (if greater) at the level in effect immediately prior to the Change of Control.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Catapult Communications Corp)

Severance Payment. Executive will receive a lump-lump sum severance payment (less applicable withholding taxes) equal to one hundred percent and one-half (100%1.5) of times the Executive’s annual base salary (as in effect immediately prior to (A) the Change of Control, or (B) Executive’s termination datetermination, whichever is greater).

Appears in 1 contract

Samples: Change of Control Severance Agreement (Infinera Corp)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred percent (100%) of Executive’s annual base salary Base Salary as in effect immediately prior to Executive’s termination datedate (or if the termination is due to a resignation for Good Reason based on a material reduction in Base Salary, as applicable, then Executive’s Base Salary in effect immediately prior to the reduction) and the monthly Salary Stipend multiplied by twelve (12).

Appears in 1 contract

Samples: Employment Agreement (Rambus Inc)

AutoNDA by SimpleDocs

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred percent the sum of (A) 100%) % of Executive’s annual base salary as in effect immediately prior to Executive’s termination datedate or (if greater) at the level in effect immediately prior to the Change of Control, (B) 100% of Executive’s quarterly target incentive bonus, and (C) 100% of Executive’s annual target incentive bonus.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Plantronics Inc /Ca/)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred percent (100%) 150% of Executive’s annual base salary as in effect immediately prior to Executive’s termination datedate or, if greater, at the level in effect immediately prior to the Change of Control.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Cornerstone OnDemand Inc)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred [_______ percent (100%) X%)] of Executive’s annual base salary as in effect immediately prior to Executive’s termination date.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Cornerstone OnDemand Inc)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) of severance equal to one hundred percent (100%) of Executive’s 's annual base salary as in effect immediately prior to Executive’s 's termination dateor resignation date or (if greater) at the level in effect immediately prior to the Change in Control.

Appears in 1 contract

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

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred [_________ percent (100%) X%)] of Executive’s annual base salary as in effect immediately prior to Executive’s termination datedate or, if greater, at the level in effect immediately prior to the Change of Control.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Cornerstone OnDemand Inc)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred percent (100%) of Executive’s annual base salary as in effect immediately prior to Executive's termination date (or if the termination is due to a resignation for Good Reason based on a material reduction in base salary, then Executive’s termination dateannual base salary in effect immediately prior to such reduction) or, if greater, at the level in effect immediately prior to the Change of Control.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Quotient Technology Inc.)

Severance Payment. Executive will receive a lump-lump sum severance payment (less applicable withholding taxes) equal to one hundred percent (100%) 200% of Executive’s 's annual base salary as in effect immediately prior to Executive’s 's termination datedate or (if greater) at the level in effect immediately prior to the Change of Control.

Appears in 1 contract

Samples: Change of Control Severance Agreement (BofI Holding, Inc.)

Severance Payment. Executive will receive a lump-lump sum severance payment (less applicable withholding taxes) equal to one hundred percent and one-half (100%1.5) of times the Executive’s annual base salary (as in effect immediately prior to (A) the Change of Control, or (B) Executive’s termination datetermination, whichever is greater).

Appears in 1 contract

Samples: Change of Control Severance Agreement (Infinera Corp)

Severance Payment. Executive will receive a lump-lump sum payment (less applicable withholding taxes) equal to one hundred percent the sum of (100%A) [specify number in line with executive position] years of Executive’s annual base salary as in effect immediately prior to Executive’s termination datedate or, if greater, at the level in effect immediately prior to the Change of Control.

Appears in 1 contract

Samples: Change of Control and Severance Agreement (Comscore, Inc.)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred percent (100%) of Executive’s 's annual base salary as in effect immediately prior to Executive’s 's termination datedate (or if the termination is due to a resignation for Good Reason based on a material reduction in base salary, then Executive's annual base salary in effect immediately prior to such reduction) or, if greater, at the level in effect immediately prior to the Change of Control.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Quotient Technology Inc.)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one two hundred percent (100200%) of Executive’s annual base salary as in effect immediately prior to Executive’s termination datedate or, if greater, at the level in effect immediately prior to the Change of Control.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Rambus Inc)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred percent (100%) % of Executive’s 's annual base salary as in effect immediately prior to Executive’s 's termination date.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Cornerstone OnDemand Inc)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred percent (100%) of Executive’s annual base salary as in effect immediately prior to Executive’s termination datedate (or if the termination is due to a resignation for Good Reason based on a material reduction in base salary , then Executive’s annual base salary in effect immediately prior to such reduction) or, if greater, at the level in effect immediately prior to the Change of Control.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Quotient Technology Inc.)

Severance Payment. Executive will receive a lump-lump sum severance payment (less applicable withholding taxes) equal to one hundred percent (100%) 200% of Executive’s 's annual base salary and target bonus as in effect immediately prior to Executive’s 's termination datedate or (if greater) at the level in effect immediately prior to the Change of Control.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Axos Financial, Inc.)

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred percent (100%) 150% of the sum of the Executive’s annual base salary as plus the Executive’s target bonus, each at the level in effect immediately prior to Executive’s termination datethe Termination Date paid in a single lump sum payment on the sixtieth (60th) day following the date of termination.

Appears in 1 contract

Samples: Executive Employment Agreement Addendum (Nextgen Healthcare, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!