Common use of Timing of Payment of Severance Clause in Contracts

Timing of Payment of Severance. Your Severance will be paid to you in substantially equal bi-monthly installments in accordance with the Company’s normal payroll practices and (a) in the case of a termination of employment prior to the first anniversary of the Commencement Date, over the twenty-four-month period following your termination of employment and (b) in the case of a termination of employment on or following the first anniversary of the Commencement Date, over the twelve-month period following your termination of employment (in either case, the “Severance Period”).