Common use of Severance Payment Clause in Contracts

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to six (6) months of Executive’s annual base salary as in effect immediately prior to Executive’s termination date. Such amount lump-sum amount shall be payable on the effective date of the Release specified in Section 4(a) or such later time as required by Section 4(c).

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to six (6) months of Executive’s annual base salary as in effect immediately prior to Executive’s termination date. Such amount lump-sum amount shall be payable on the effective date of the Release specified in Section 4(a) or such later time as required by Section 4(c).

Severance Payment. Executive will receive a lump-lump sum severance payment (less applicable withholding taxes) equal to six (6) months months’ of Executive’s annual base salary Base Salary as in effect immediately prior to the date of Executive’s termination date. Such amount lump-sum amount shall of employment, less all required tax withholdings and other applicable deductions, which will be payable on paid in accordance with the effective date of the Release specified in Section 4(a) or such later time as required by Section 4(c)Company’s regular payroll procedures.

Severance Payment. Executive will receive a lump-lump sum payment (less applicable withholding taxes) in an amount equal to six (6) months of the Executive’s highest annual base salary as in effect during the 12-month period immediately prior to Executive’s preceding the date of termination dateof employment. Such amount lump-sum shall be paid in full on the first regular payroll date that occurs on or after the date that is 60 days after the date of termination of employment. Such amount will be subject to payroll withholdings required by applicable federal, state or local laws, and shall be payable on the effective date to Executive net of the Release specified in Section 4(a) or such later time as required by Section 4(c)withholdings.

Severance Payment. Executive will receive a lump-lump sum severance payment (less applicable withholding taxes) equal to six eighteen (618) months of Executive’s annual base salary as in effect immediately prior to the date of Executive’s termination date. Such amount lump-sum amount shall of employment, less all required tax withholdings and other applicable deductions, which will be payable on paid as soon as practicable following Executive’s termination of employment but in no event later than the effective date next pay period following Executive’s termination of the Release specified in Section 4(a) or such later time as required by Section 4(c)employment.

Severance Payment. Executive will receive a lump-lump sum severance payment (less applicable withholding taxes) equal to six twelve (612) months of Executive’s annual base salary as in effect immediately prior to the date of Executive’s termination date. Such amount lump-sum amount shall of employment, less all required tax withholdings and other applicable deductions, which will be payable on paid in accordance with the effective date of the Release specified in Section 4(a) or such later time as required by Section 4(c)Company’s regular payroll procedures.

Severance Payment. Executive will receive a lump-lump sum severance payment (less applicable withholding taxes) equal to six twelve (612) months of Executive’s annual base salary Base Salary, as then in effect immediately prior to Executiveeffect, less all required tax withholdings and other applicable deductions, which will be paid in accordance with the Company’s termination date. Such amount lump-sum amount shall be payable on the effective date regular payroll procedures commencing as of the first payroll date occurring on or after the Release specified Deadline (as defined in Section 4(a) or such later time as required by Section 4(c7(a)).

Severance Payment. Executive will receive a lump-lump sum severance payment (less applicable withholding taxes) equal to six twelve (612) months of Executive’s annual base salary as Base Salary, at the rate in effect immediately prior to such termination of employment, less all required tax withholdings and other applicable deductions, which will be paid in the first payroll cycle following the sixtieth day following Executive’s termination date. Such amount lump-sum amount shall be payable on the effective date of the Release specified in Section 4(a) or such later time as required by Section 4(c)employment.

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) within thirty (30) days after the Release Deadline equal to six (6) months [●]% 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 date. Such amount lump-sum amount shall be payable on date or, if greater, at the effective date level in effect immediately prior to the Change of the Release specified in Section 4(a) or such later time as required by Section 4(c)Control.

Severance Payment. Executive will receive a lump-lump sum severance payment equivalent to [WEEKS] (less applicable withholding taxesx) equal to six (6) months weeks of base pay of Executive’s annual base salary Base Salary as in effect immediately prior to the date of Executive’s termination date. Such amount lump-sum amount shall of employment, less all required tax withholdings and other applicable deductions, which will be payable on paid in accordance with the effective date of Company’s regular payroll procedures, but no later than thirty (30) days following the Release specified in Section 4(a) or such later time as required by Section 4(c)Deadline.

Severance Payment. Executive will receive a lump-lump sum severance payment (less applicable withholding taxes) equal to six eighteen (618) months months’ of Executive’s annual base salary as Base Salary, at the rate in effect immediately prior to Executive’s such termination date. Such amount lump-sum amount shall of employment, less all required tax withholdings and other applicable deductions, which will be payable on the effective date paid sixty days following such termination of the Release specified in Section 4(a) or such later time as required by Section 4(c)employment.

Severance Payment. Executive will receive a lump-lump sum payment (less applicable withholding taxes) equal to six (6) months two years of Executive’s annual base salary as in effect immediately prior to Executive’s termination date. Such amount lump-sum amount shall be payable on date or, if greater, at the effective date level in effect immediately prior to the Change of the Release specified in Section 4(a) or such later time as required by Section 4(c)Control.

Severance Payment. Executive will receive a lump-lump sum severance payment (less applicable withholding taxes) equal to six (6) months months’ of Executive’s annual base salary Base Salary as in effect immediately prior to the date of Executive’s termination date. Such amount lump-sum amount of employment, less all required tax withholdings and other applicable deductions, which will be paid in accordance with the Company’s regular payroll procedures; provided, however, that the severance payment due under this Section 6(b)(ii) shall not be payable on made until at least thirty (30) days after the effective date of the Release specified in Section 4(a) or such later time as required by Section 4(c)Executive’s termination.

Severance Payment. The Executive will receive a lump-sum payment (less applicable withholding taxes) within sixty (60) calendar days after the termination date equal to six (6) months 100% of the Executive’s annual base salary Base Salary as in effect immediately prior to the Executive’s termination date. Such amount lump-sum amount shall be payable on date or, if greater, at the effective date level in effect immediately prior to the Change of the Release specified in Section 4(a) or such later time as required by Section 4(c).Control; and Amended and Restated Executive Employment Agreement 6

Severance Payment. The Executive will receive a lump-sum payment (less applicable withholding taxes) within sixty (60) calendar days after the termination date equal to six (6) months 100% of the Executive’s annual base salary Base Salary as in effect immediately prior to the Executive’s termination date. Such amount lump-sum amount shall be payable on date or, if greater, at the effective date level in effect immediately prior to the Change of the Release specified in Section 4(a) or such later time as required by Section 4(c)Control.

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to six (6) months one-half of Executive’s annual total On Target Earnings (consisting of base salary salary, annual bonus at target and annual target commissions) as in effect immediately prior to Executive’s termination datedate or, if greater, as in effect immediately prior to the Change in Control. Such amount lump-sum amount shall be payable on the effective date of the Release specified in Section 4(a) or such later time as required by Section 4(c).”

Severance Payment. Executive will receive a lump-lump sum severance payment (less applicable withholding taxes) equal to six (6) months of Executive’s annual base salary Base Salary as in effect immediately prior to the date of Executive’s termination date. Such amount lump-sum amount shall of employment, less all required tax withholdings and other applicable deductions, which will be payable on paid in accordance with the effective date of the Release specified in Section 4(a) or such later time as required by Section 4(c)Company’s regular payroll procedures.

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to six the eighteen (618) months 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. Such amount lump-sum amount shall be payable on upon the effective later of: (A) the Change of Control, (B) the date of the Release specified in Section 4(ais effective and irrevocable; or (C) or such later time as date required by Section 4(c).

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to six the twelve (612) months 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. Such amount lump-sum amount shall be payable on upon the effective later of: (A) the Change of Control, (B) the date of the Release specified in Section 4(ais effective and irrevocable; or (C) or such later time as date required by Section 4(c).

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to six three (63) months 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 in Control. Such amount lump-sum amount shall be payable on upon the effective date later of: (A) sixty (60) days following termination of the Release specified in Section 4(aemployment, or (B) or such later time as date required by Section 4(c).

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to six (6) months of Executive’s 's annual base salary as in effect immediately prior to Executive’s 's termination date. Such amount lump-sum amount shall be payable on the effective date of the Release specified in Section 4(a) or such later time as required by Section 4(c).

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to six twelve (612) months of Executive’s 's annual base salary as in effect immediately prior to Executive’s 's termination date. Such amount lump-sum amount shall be payable on the effective date of the Release specified in Section 4(a) or such later time as required by Section 4(c).

Severance Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to six two (62) months years of Executive’s annual base salary as at the annual rate in effect immediately prior to Executive’s termination date. Such amount lump-sum amount shall be payable on upon the effective date later of: (A) sixty (60) days following termination of the Release specified in Section 4(aemployment, or (B) or such later time as date required by Section 4(c).

Severance Payment. Executive will receive a lump-lump sum severance payment (less applicable withholding taxes) equal to six eighteen (618) months of Executive’s annual base salary as in effect immediately prior to the date of Executive’s termination date. Such amount lump-sum amount shall of employment, less all required tax withholdings and other applicable deductions, which will be payable on paid in accordance with the effective date of the Release specified in Section 4(a) or such later time as required by Section 4(c)Company’s regular payroll procedures.