Common use of Timing of Severance Payments Clause in Contracts

Timing of Severance Payments. The severance payment to which Employee is entitled shall be paid by the Company to Employee in cash and in full, not later than thirty (30) calendar days after the date of the termination of Employee's employment as provided in Section 3(a). If the Employee should die before all amounts have been paid, such unpaid amounts shall be paid in a lump-sum payment (less any withholding taxes) to the Employee's designated beneficiary, if living, or otherwise to the personal representative of the Employee's estate.

Appears in 8 contracts

Samples: Change of Control Severance Agreement (Centillium Communications Inc), Change of Control Severance Agreement (Centillium Communications Inc), Change of Control Severance Agreement (Centillium Communications Inc)

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Timing of Severance Payments. The severance payment to which Employee is entitled shall be paid by the Company to Employee in cash and in full, not later than thirty ten (3010) calendar days after the effective date of the termination of Employee's employment as provided in Section 3(a)Release. If the Employee should die before all amounts have been paid, such unpaid amounts shall be paid in a lump-sum payment (less any withholding taxes) to the Employee's ’s designated beneficiary, if living, or otherwise to the personal representative of the Employee's ’s estate.

Appears in 7 contracts

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

Timing of Severance Payments. The Any severance payment to which Employee is entitled under Section 3(a)(i)(1) shall be paid by the Company to the Employee (or to the Employee's successors in interest pursuant to Section 7(b)) in cash and in full, not later than thirty (30) calendar days after following the date Termination Date or within twelve (12) months of Termination Date at the termination of Employee's employment as provided in Section 3(a). If the Employee should die before all amounts have been paid, such unpaid amounts shall be paid in a lump-sum payment (less any withholding taxes) to the Employee's designated beneficiary, if living, or otherwise to the personal representative election of the Employee's estate.

Appears in 6 contracts

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

Timing of Severance Payments. The severance payment to which Employee is entitled shall be paid by the Company to Employee in cash and in full, not later than thirty ten (3010) calendar days after the date of the termination of Employee's employment as provided in Section 3(a)’s employment. If the Employee should die before all amounts have been paid, such unpaid amounts shall be paid in a lump-sum payment (less any withholding taxes) to the Employee's ’s designated beneficiary, if living, or otherwise to the personal representative of the Employee's ’s estate.

Appears in 4 contracts

Samples: Change of Control Severance Agreement (Business Objects S.A.), Change of Control Severance Agreement (Business Objects S.A.), Change of Control Severance Agreement (Business Objects S.A.)

Timing of Severance Payments. The Except as otherwise provided herein, the severance payment to which Employee is entitled shall be paid by the Company to Employee in cash and in full, not later than thirty ten (3010) calendar days after the effective date of the termination of Employee's employment as provided in Section 3(a)Release. If the Employee should die before all amounts have been paid, such unpaid amounts shall be paid in a lump-sum payment (less any withholding taxes) to the Employee's ’s designated beneficiary, if living, or otherwise to the personal representative of the Employee's ’s estate.

Appears in 4 contracts

Samples: Change of Control Severance Agreement (Microchip Technology Inc), Change of Control Severance Agreement (Microchip Technology Inc), Change of Control Severance Agreement (Microchip Technology Inc)

Timing of Severance Payments. The Subject to Section 4(f) below, the severance payment to which Employee is entitled shall be paid by the Company to Employee in cash and in full, not later than thirty ten (3010) calendar days after the date of the termination of Employee's ’s employment as provided in Section 3(a4(a). If the Employee should die before all amounts have been paid, such unpaid amounts shall be paid in a lump-sum payment (less any withholding taxes) to the Employee's ’s designated beneficiary, if living, or otherwise to the personal representative of the Employee's ’s estate.

Appears in 3 contracts

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

Timing of Severance Payments. The severance payment to which ---------------------------- Employee is entitled shall be paid by the Company to Employee in cash and in full, not later than thirty twenty-two (3022) calendar days after the date of the termination of Employee's employment as provided in Section 3(a). If the Employee should die before all amounts have been paid, such unpaid amounts shall be paid in a lump-sum payment (less any withholding taxes) to the Employee's designated beneficiary, if living, or otherwise to the personal representative of the Employee's estate.

Appears in 3 contracts

Samples: Control Severance Agreement (Centillium Communications Inc), Control Severance Agreement (Centillium Communications Inc), Control Severance Agreement (Centillium Communications Inc)

Timing of Severance Payments. The severance payment to which Employee is entitled shall be paid by the Company to Employee in cash and in full, not later than thirty ten (3010) calendar days after the date of the termination of Employee's ’s employment as provided in Section 3(a4(a). If the Employee should die before all amounts have been paid, such unpaid amounts shall be paid in a lump-sum payment (less any withholding taxes) to the Employee's ’s designated beneficiary, if living, or otherwise to the personal representative of the Employee's ’s estate.

Appears in 2 contracts

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

Timing of Severance Payments. The severance payment to which Employee is entitled shall be paid by the Company to Employee in cash and in full, not later than thirty (30) calendar days after the date of the termination of Employee's ’s employment as provided in Section 3(a). If the Employee should die before all amounts have been paid, such unpaid amounts shall be paid in a lump-sum payment (less any withholding taxes) to the Employee's ’s designated beneficiary, if living, or otherwise to the personal representative of the Employee's ’s estate.

Appears in 2 contracts

Samples: Change of Control Severance Agreement (Centillium Communications Inc), Change of Control Severance Agreement (Centillium Communications Inc)

Timing of Severance Payments. The severance payment to which Employee is entitled shall be paid by the Company to Employee in cash and in full, not later than thirty ten (3010) calendar days after the effective date of the termination of Employee's employment as provided in Section 3(a)Release. If the Employee should die after he becomes entitled to the severance payment, but before all amounts have it has been paid, such unpaid amounts shall be paid in a lump-sum severance payment (less any withholding taxes) shall be paid to the Employee's ’s designated beneficiary, if living, or otherwise to the personal representative of the Employee's ’s estate.

Appears in 1 contract

Samples: Acquisition Bonus and Severance Agreement (Xcyte Therapies Inc)

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Timing of Severance Payments. The Subject to Section 3(f) below, the severance payment to which Employee is entitled shall be paid by the Company to Employee in cash and in full, not on the 61st day following the employment termination date or such later than thirty (30) calendar days after the date of the termination of Employee's employment as provided in is required under Section 3(a3(f). If the Employee should die before all amounts have been paid, such unpaid amounts shall be paid in a lump-sum payment (less any withholding taxes) to the Employee's ’s designated beneficiary, if living, or otherwise to the personal representative of the Employee's ’s estate.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Microchip Technology Inc)

Timing of Severance Payments. The severance payment to which Employee is entitled shall be paid by the Company to Employee in cash and in full, not later than thirty ten (3010) calendar days after the date of the termination of Employee's employment as provided in Section 3(a)’s employment. If the Employee should die before all amounts have been paid, such unpaid amounts shall be paid in a lump-sum payment (less any withholding taxes) to the Employee's designated beneficiary, if living, or otherwise to the personal representative of the Employee's ’s estate.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Business Objects S.A.)

Timing of Severance Payments. The severance payment to which Employee is entitled shall be paid by the Company to Employee in cash and in full, not later than thirty ten (3010) calendar days after the effective date of the termination of Employee's employment as provided in Section 3(a)Release. If the Employee should die before all amounts have been paid, such unpaid amounts shall be paid in a lump-sum payment (less any withholding taxes) to the Employee's ’s designated beneficiary, if living, or otherwise to the personal representative of the Employee's ’s estate.

Appears in 1 contract

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

Timing of Severance Payments. The severance payment to which Employee is entitled shall be paid by the Company to Employee in cash and in full, not later than thirty ten (3010) calendar days after the date Employee signs the standard release of claims following the termination of Employee's ’s employment as provided in Section 3(a). If the Employee should die before all amounts have been paid, such unpaid amounts shall be paid in a lump-sum payment (less any withholding taxes) to the Employee's ’s designated beneficiary, if living, or otherwise to the personal representative of the Employee's ’s estate.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Hemosense Inc)

Timing of Severance Payments. The Subject to Section 3(g) below, the severance payment to which Employee is entitled shall be paid by the Company to Employee in cash and in full, not full on the 61st day following the employment termination date or such later than thirty (30) calendar days after the date of the termination of Employee's employment as provided in is required under Section 3(a3(g). If the Employee should die before all amounts have been paid, such unpaid amounts shall be paid in a lump-sum payment (less any withholding taxes) to the Employee's ’s designated beneficiary, if living, or otherwise to the personal representative of the Employee's ’s estate.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Microchip Technology Inc)

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