Additional Lump Sum Payment. Xxxxxxx agrees to pay Woodside a one-time payment in the amount of $300,000, paid in conjunction with the first severance payment.
Additional Lump Sum Payment. In the event that (a) Executive remains in the Company’s employ until Executive attains age fifty-five (55), or (b) Executive’s employment terminates for a reason other than termination for Cause or voluntary quit, Executive shall become entitled to a bonus payment of $800,000. The Company shall pay Executive (or, in the event of Executive’s death, Executive’s estate) such payment in a lump sum on the earlier to occur of Executive’s death or the first business day immediately following the six (6)-month anniversary of Executive’s Separation from Service (as such term is defined in Section 6.2(c)).
Additional Lump Sum Payment. Employee shall be entitled to receive payment, in a lump sum payable six months after the termination of the Agreement, in the following amounts:
Additional Lump Sum Payment. In the event Executive (a) remains in the Company’s employ until Executive attains age fifty-five (55), (b) terminates employment under section 6.1 on or after age fifty-two, or (c) dies or becomes disabled, the Company shall pay Executive (or, in the event of Executive’s death, Executive’s estate) $800,000 in a lump sum as soon as administratively feasible following the termination of Executive’s employment with the Company.
Additional Lump Sum Payment. On the last day of the Term or as soon --------------------------- as practicable thereafter, the Bank shall pay to the Employee a lump sum cash payment equal to $21,888, unless the Employee is terminated by the Bank for Cause or the Agreement terminates due to the death of the Employee, in which event the Employee shall not be entitled to the payment described in this Section 5.
Additional Lump Sum Payment. Xx. Xxxxxxx shall be entitled to a separate payment of $100,000, which shall be paid in one lump sum (subject to appropriate withholdings as described below) to Xx. Xxxxxxx at the time of the Company’s first normal payroll following payment of the last of the installments paid to Xx. Xxxxxxx in accordance with paragraph 3a above (i.e., in July 2010).
Additional Lump Sum Payment. In order to assist you with various costs you may incur associated with cancelling current rental agreement, as well as any other contracts or leases associated with your local living arrangements, as well as the costs associated with moving your household goods and furnishings back to your primary residence, you will also receive an additional lump sum severance payment of $15,000, less applicable withholdings (your “Supplemental Severance Benefit”) to be paid as soon as is practicable, but not more than 15 days, following the Effective Date of this Separation Agreement, as defined in Section 8 of this Separation Agreement.
Additional Lump Sum Payment. Employee shall be entitled to receive payment, in a lump sum, in the following amounts:
Additional Lump Sum Payment. Provided you timely sign and do not timely revoke this Transition Agreement and timely execute and do not timely revoke the Release, and contingent upon complying with the policies and responsibilities of your position in all material respects as reasonably determined by the Company in good faith through the Transition End Date, the Company will make the following lump sum payment to you: $234,375, which is the cash portion of your 2023 bonus incentive under the 2023 PayPal Annual Incentive Plan (“AIP”) with your individual performance deemed achieved at the target level. You will receive this payment at the later of (x) at or around the time that other participants of the 2023 AIP receive their 2023 AIP payout and (y) when the Release becomes effective in accordance with its terms. In addition, your AIP performance-based restricted stock units (“AIP PBRSUs”) granted on February 15, 2023 shall remain outstanding and shall vest on February 15, 2024 on the same basis and to the same extent as determined for the Company’s executive officers and shall settle at or around the same time that 2023 AIP PBRSUs settle with respect to other participants in the 2023 AIP, provided that the Release becomes effective in accordance with its terms. You understand that the payment described in this Section is not for wages the Company concedes it owes you and is consideration for you signing and not revoking the Release.
Additional Lump Sum Payment. Provided you sign and do not revoke this Separation Agreement and timely execute and do not revoke the Release, and contingent upon complying with the Company’s Code of Conduct and Xxxxxxx Xxxxxxx Policy, and your obligations set forth herein, the Company will make a lump sum severance payment to you representing an amount equal to $1,500,000. You will receive this payment within thirty (30) days following the Separation Date. You understand that the payment described in this Section is not for wages the Company concedes it owes you and is consideration for you signing the Release.
