Timing of Severance Benefits. Provided that the Release becomes effective and irrevocable by the Release Deadline Date and subject to Section 9, the Severance Benefits will be paid, or in the case of installments, will commence, on the first Company payroll date following the Release Deadline Date (such payment date, the “Severance Start Date”), and any Severance Benefits otherwise payable to the Participant during the period immediately following the Participant’s termination of employment with the Company through the Severance Start Date will be paid in a lump sum to the Participant on the Severance Start Date, with any remaining payments to be made as provided in this Plan and the Participant’s Participation Agreement.
Appears in 9 contracts
Samples: Employment Agreement (Lyft, Inc.), Employment Agreement (Lyft, Inc.), Employment Agreement (Lyft, Inc.)
Timing of Severance Benefits. Provided Unless otherwise provided in a Participant’s Participation Agreement, provided that the Release becomes effective and irrevocable by the Release Deadline Date and subject to Section 9, the Severance Benefits will be paid, or in the case of installments, will commence, on the first Company payroll date following the Release Deadline Date (such payment date, the “Severance Start Date”), and any Severance Benefits otherwise payable to the Participant during the period immediately following the Participant’s termination of employment with the Company through the Severance Start Date will be paid in a lump sum to the Participant on the Severance Start Date, with any remaining payments to be made as provided in this Plan and the Participant’s Participation Agreement.
Appears in 6 contracts
Samples: Confirmatory Employment Letter (Samsara Inc.), Confirmatory Employment Letter (Samsara Inc.), Confirmatory Employment Letter (DoorDash Inc)
Timing of Severance Benefits. Provided Unless otherwise provided in a Participant’s Participation Agreement, provided that the Release becomes has become effective and irrevocable by the Release Deadline Date and subject to Section 9, the Severance Benefits will be paid, or in the case of installments, will commence, on the first Company payroll date following the Release Deadline Date (such payment date, the “Severance Start Date”), and any Severance Benefits otherwise payable to the Participant during the period immediately following the Participant’s termination of employment with the Company (or any parent or subsidiary or other Company affiliate). through the Severance Start Date will be paid in a lump sum (without interest) to the Participant on the Severance Start Date, with any remaining payments to be made as provided in this Plan and the Participant’s Participation Agreement.
Appears in 5 contracts
Samples: Appointment as Temporary Chief Executive Officer (Solid Power, Inc.), Executive Change in Control and Severance Plan Participation Agreement (Solid Power, Inc.), Confirmatory Employment Letter (Solid Power, Inc.)
Timing of Severance Benefits. Provided that the Release becomes effective and irrevocable by the Release Deadline Date and subject to Section 9, the Severance Benefits will be paid, or in the case of installments, will commence, on the first Company payroll date following the Release Deadline Date (such payment date, the “"Severance Start Date”"), and any Severance Benefits otherwise payable to the Participant during the period immediately following the Participant’s 's termination of employment with the Company through the Severance Start Date will be paid in a lump sum to the Participant on the Severance Start Date, with any remaining payments to be made as provided in this Plan and the Participant’s 's Participation Agreement.
Appears in 1 contract
Samples: Employment Agreement (Lyft, Inc.)
Timing of Severance Benefits. Provided Unless otherwise provided in a Participant's Participation Agreement, provided that the Release becomes has become effective and irrevocable by the Release Deadline Date and subject to Section 9, the Severance Benefits will be paid, or in the case of installments, will commence, on the first Company payroll date following the Release Deadline Date (such payment date, the “"Severance Start Date”"), and any Severance Benefits otherwise payable to the Participant during the period immediately following the Participant’s 's termination of employment with the Company (or any parent or subsidiary or other Company affiliate). through the Severance Start Date will be paid in a lump sum (without interest) to the Participant on the Severance Start Date, with any remaining payments to be made as provided in this Plan and the Participant’s 's Participation Agreement.
Appears in 1 contract
Timing of Severance Benefits. Provided Unless otherwise provided in a Participant’s Participation Agreement, provided that the Release becomes has become effective and irrevocable by the Release Deadline Date and subject to Section 9, the Severance Benefits will be paid, or in the case of installments, will commence, on the first Company payroll date following the Release Deadline Date (such payment date, the “Severance Start Date”), and any Severance Benefits otherwise payable to the Participant during the period immediately following the Participant’s termination of employment with the Company (or any parent or subsidiary or other Company affiliate). through the Severance Start Date will be paid in a lump sum (without interest) to the Participant on the Severance Start Date, with any remaining payments to be made as provided in this Plan and the Participant’s Participation Agreement..
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