Common use of Severance Payments Clause in Contracts

Severance Payments. Continuation of payments in an amount equal to Executive’s then-current Base Salary for a twelve (12) month period, less all customary and required taxes and employment-related deductions, in accordance with the Company’s normal payroll practices (provided such payments shall be made at least monthly) (the “Severance Payments”).

Appears in 12 contracts

Samples: Executive Employment Agreement (Inhibrx, Inc.), Executive Employment Agreement (Inhibrx, Inc.), Executive Employment Agreement (Inhibrx, Inc.)

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Severance Payments. Continuation of payments in an amount equal to Executive’s then-current Base Salary for a twelve six (126) month period, period less all customary and required taxes and employment-related deductions, in accordance with the Company’s normal payroll practices (provided such payments shall will be made at least monthly) (the “Severance Payments”.).

Appears in 4 contracts

Samples: Severance and Change of Control Agreement (Synta Pharmaceuticals Corp), Severance and Change of Control Agreement (Synta Pharmaceuticals Corp), Severance and Change of Control Agreement (Synta Pharmaceuticals Corp)

Severance Payments. Continuation of payments in an amount equal to ExecutiveEmployee’s then-current Base Salary for a twelve (12) month period, less all customary and required taxes and employment-related deductions, in accordance with the Company’s normal payroll practices (provided such payments shall be made at least monthly) (the “Severance Payments”).

Appears in 3 contracts

Samples: Employment Agreement (Inhibrx Biosciences, Inc.), Employment Agreement (Inhibrx Biosciences, Inc.), Employment Agreement (Inhibrx Biosciences, Inc.)

Severance Payments. Continuation of payments in an amount equal to Executive’s then-current Base Salary for a twelve (12) month period, period (the “Severance Period,” if Section 3 applies) less all customary and required taxes and employment-related deductions, in accordance with the Company’s normal payroll practices (provided such payments shall will be made at least monthly) (the “Severance Payments”).

Appears in 3 contracts

Samples: Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.), Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.), Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.)

Severance Payments. Continuation of payments in an amount equal to Executive’s then-current Base Salary for a twelve three (123) month period, period less all customary and required taxes and employment-related deductions, in accordance with the Company’s normal payroll practices (provided such payments shall will be made at least monthly) (the “Severance Payments”.).

Appears in 2 contracts

Samples: Severance and Change of Control Agreement (Synta Pharmaceuticals Corp), Severance and Change of Control Agreement (Synta Pharmaceuticals Corp)

Severance Payments. Continuation of payments in an amount equal to Executive’s then-current Base Salary for a twelve (12) month period, period (the “Severance Period,” if Section 2 applies) less all customary and required taxes and employment-related deductions, in accordance with the Company’s normal payroll practices (provided such payments shall will be made at least monthly) (the “Severance Payments”).

Appears in 2 contracts

Samples: Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.), Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.)

Severance Payments. Continuation of payments in an amount equal to Executive’s then-current Base Salary for a twelve nine (129) month period, less all customary and required taxes and employment-related deductions, in accordance with the Company’s normal payroll practices (provided such payments shall be made at least monthly) (the “Severance Payments”).

Appears in 2 contracts

Samples: Executive Employment Agreement (Inhibrx, Inc.), Executive Employment Agreement (Inhibrx, Inc.)

Severance Payments. Continuation of payments in an amount equal to Executive’s then-current Base Salary for a twelve an twenty-four (1224) month period, period (the “Severance Period,” if Section 3 applies) less all customary and required taxes and employment-related deductions, in accordance with the Company’s normal payroll practices (provided such payments shall be made at least monthly) (the “Severance Payments”)practices.

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.)

Severance Payments. Continuation of payments in an amount equal to Executive’s then-current Base Salary for a twelve (12) month period, period less all customary and required taxes and employment-related deductions, in accordance with the Company’s normal payroll practices (provided such payments shall be made at least monthly) (the “Severance Payments”).

Appears in 1 contract

Samples: Severance and Change of Control Agreement (Synta Pharmaceuticals Corp)

Severance Payments. Continuation of payments in an amount equal to Executive’s then-current Base Salary for a twelve nine (129) month period, period (the “Severance Period,” if Section 2 applies) less all customary and required taxes and employment-related deductions, in accordance with the Company’s normal payroll practices (provided such payments shall will be made at least monthly) (the “Severance Payments”.).

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.)

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Severance Payments. Continuation of payments in an amount equal to Executive’s then-current Base Salary for a twelve (12) month period, period (the “Severance Period,” if Section 2 applies) less all customary and required taxes and employment-related deductions, in accordance with the Company’s normal payroll practices (provided such payments shall be made at least monthly) (the “Severance Payments”)practices.

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.)

Severance Payments. Continuation of payments in an amount equal to Executive’s then-current Base Salary for a twelve an eighteen (1218) month period, period (the “Severance Period,” if Section 3 applies) less all customary and required taxes and employment-related deductions, in accordance with the Company’s normal payroll practices (provided such payments shall will be made at least monthly) (the “Severance Payments”).

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.)

Severance Payments. Continuation of payments in an amount equal to Executive’s then-current Base Salary for a twelve six (126) month period, period (the “Severance Period,” if Section 2 applies) less all customary and required taxes and employment-related deductions, in accordance with the Company’s normal payroll practices (provided such payments shall will be made at least monthly) (the “Severance Payments”).

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.)

Severance Payments. Continuation of payments in an amount equal to ExecutiveEmployee’s then-current Base Salary for a twelve six (126) month period, less all customary and required taxes and employment-related deductions, in accordance with the Company’s normal payroll practices (provided such payments shall be made at least monthly) (the “Severance Payments”).

Appears in 1 contract

Samples: Employment Agreement (XL Fleet Corp.)

Severance Payments. Continuation of payments in an amount equal to Executive’s 's then-current Base Salary for a twelve six (126) month period, period less all customary and required taxes and employment-related deductions, in accordance with the Company’s 's normal payroll practices (provided such payments shall will be made at least monthly) (the “Severance Payments”.).

Appears in 1 contract

Samples: Severance and Change of Control Agreement (Synta Pharmaceuticals Corp)

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