Common use of Timing of Severance Payments Clause in Contracts

Timing of Severance Payments. Subject to Section 3(c), the Company will pay the severance payments to which Executive is entitled as salary continuation with the same timing as in effect immediately prior to Executive’s termination of employment. If Executive should die before all amounts have been paid, such unpaid amounts will be paid in a lump-sum payment (less any withholding taxes) to Executive’s designated beneficiary, if living, or otherwise to the personal representative of Executive’s estate.

Appears in 10 contracts

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

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Timing of Severance Payments. Subject to Section 3(c), the The Company will pay the severance payments to which Executive is entitled as salary continuation with the same timing as in effect immediately prior to Executive’s termination of employment. If Executive should die before all amounts have been paid, such unpaid amounts will be paid in a lump-lump sum payment (less any withholding taxes) to Executive’s designated beneficiary, if living, or otherwise to the personal representative of Executive’s estate.

Appears in 8 contracts

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

Timing of Severance Payments. Subject to Section 3(c3(f), the Company will pay the severance payments to which Executive is entitled as salary continuation with on the same basis and timing as in effect immediately prior to Executive’s termination the Change of employmentControl. If Executive should die before all amounts have been paid, such unpaid amounts will be paid in a lump-sum payment (less any withholding taxes) to Executive’s designated beneficiary, if living, or otherwise to the personal representative of Executive’s estate.

Appears in 6 contracts

Samples: Change of Control Severance Agreement (Infinera Corp), Change of Control Severance Agreement (Infinera Corp), Change of Control Severance Agreement (Infinera Corp)

Timing of Severance Payments. Subject The Company will pay the severance payments to which Executive is entitled under Section 3(c), 3(a)(i) above as salary continuation on the same basis and timing as in effect immediately prior to the termination and the Company will pay the severance payments to which Executive is entitled as salary continuation with the same timing as under Section 3(b)(i) in effect immediately prior to Executive’s termination of employmenta lump sum. If Executive should die before all amounts have been paid, such unpaid amounts will be paid in a lump-lump sum payment (less any withholding taxes) to Executive’s spouse, designated beneficiary, if living, or otherwise to the personal representative of Executive’s estate.

Appears in 5 contracts

Samples: Employment and Severance Agreement, Employment and Severance Agreement (Fluidigm Corp), Employment and Severance Agreement (Fluidigm Corp)

Timing of Severance Payments. Subject to Section 3(c3(f), the Company will pay the severance payments payment to which Executive is entitled pursuant to Section 3(a)(i) as salary continuation with a lump sum no later than March 15 of the same timing as calendar year following the year in effect immediately prior to which Executive’s termination of employmentemployment terminates. If Executive should die before all amounts have the severance amount has been paid, such unpaid amounts amount will be paid in a lump-sum payment (less any withholding taxes) to Executive’s designated beneficiary, if living, or otherwise to the personal representative of Executive’s estate.

Appears in 5 contracts

Samples: Change of Control Severance Agreement (Infinera Corp), Change of Control Severance Agreement (Infinera Corp), Change of Control Severance Agreement (Infinera Corp)

Timing of Severance Payments. Subject to Section 3(c), the The Company will pay the severance payments to which Executive is entitled as salary continuation with the same timing as in effect immediately prior to Executive’s termination of employment. If Executive should die before all amounts have been paid, such unpaid amounts will be paid in a lump-sum payment (less any withholding taxes) to Executive’s designated beneficiary, if living, or otherwise to the personal representative of Executive’s estate.

Appears in 4 contracts

Samples: Change of Control Severance Agreement (Fortinet Inc), Change of Control Severance Agreement (Fortinet Inc), Change of Control Severance Agreement (Fortinet Inc)

Timing of Severance Payments. Subject to Section 3(c), the The Company will pay the severance payments to which Executive is entitled under Section 3(a)(i) and (iii) above as salary continuation with on the same basis and timing as in effect immediately prior to Executive’s termination of employmentthe termination. If Executive should die before all amounts have been paid, such unpaid amounts will be paid in a lump-lump sum payment (less any withholding taxes) to Executive’s spouse, designated beneficiary, if living, or otherwise to the personal representative of Executive’s estate.

Appears in 3 contracts

Samples: Change of Control Agreement (CareDx, Inc.), Change of Control Agreement (CareDx, Inc.), Change of Control Agreement (CareDx, Inc.)

Timing of Severance Payments. Subject to Section 3(c)3(h) below, the Company will pay the severance payments payment to which Executive is entitled shall be paid by the Company to Executive in cash and in full on the sixty-first (61st) day following the employment termination date or such later date as salary continuation with the same timing as in effect immediately prior to Executive’s termination of employmentis required under Section 3(h). If Executive should die before all amounts have been paid, such unpaid amounts will be paid in a lump-sum payment (less any withholding taxes) promptly following such event to Executive’s designated beneficiary, if living, or otherwise to the personal representative of Executive’s estate.

Appears in 2 contracts

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

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Timing of Severance Payments. Subject to Section 3(c)3(h) below, the Company will pay the severance payments payment to which Executive is entitled shall be paid by the Company to Executive in cash and in full on the sixty-first (61st) day following the employment termination date or such later date as salary continuation with the same timing as in effect immediately prior to Executive’s termination of employmentis required under Section 3(h). If Executive should die before all amounts have been paid, such unpaid amounts will be paid in a lump-sum payment (less any withholding taxes) promptly following such event to Executive’s 's designated beneficiary, if living, or otherwise to the personal representative of Executive’s 's estate.

Appears in 1 contract

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

Timing of Severance Payments. Subject to Section 3(c)Except as otherwise provided hereunder, the Company will pay the severance payments to which Executive is entitled as salary continuation with the same timing as in effect immediately prior to Executive’s termination of employment. If Executive should die before all amounts have been paid, such unpaid amounts will be paid in a lump-sum payment (less any withholding taxes) to Executive’s designated beneficiary, if living, or otherwise to the personal representative of Executive’s estate.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Fortinet Inc)

Timing of Severance Payments. Subject to Section 3(c), the The Company will pay the severance payments to which Executive is entitled as salary continuation with the same timing as under Section 3(a)(i) in effect immediately prior to Executive’s termination of employmenta lump sum. If Executive should die before all amounts have been paid, such unpaid amounts will be paid in a lump-lump sum payment (less any withholding taxes) to Executive’s spouse, designated beneficiary, if living, or otherwise to the personal representative of Executive’s estate.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Iridex Corp)

Timing of Severance Payments. Subject to Section 3(c3(b), the Company will pay the severance payments to which Executive is entitled as salary continuation with the same timing as in effect immediately prior to Executive’s termination of employment. If Executive should die before all amounts have been paid, such unpaid amounts will be paid in a lump-sum payment (less any withholding taxes) to Executive’s designated beneficiary, if living, or otherwise to the personal representative of Executive’s estate.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Fortinet Inc)

Timing of Severance Payments. Subject to Section 3(cExcept as set forth in Sections 7(c) and 7(h), the Company will pay the severance payments to which Executive is entitled as salary continuation with the same timing as in effect immediately prior to Executive’s termination of employment. If Executive should die before all amounts have been paid, such unpaid amounts will be paid in a lump-lump sum payment (less any withholding taxes) to Executive’s designated beneficiary, if living, or otherwise to the personal representative of Executive’s estate.

Appears in 1 contract

Samples: Employment Agreement (Geeknet, Inc)

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