Common use of Amount and Payment of Severance Clause in Contracts

Amount and Payment of Severance. The aggregate severance payments referred to above shall be payable biweekly in arrears for Twelve (12) months, commencing with the first month after termination, each in an amount equal to 100% of the Employee’s biweekly base salary at the time of such termination.

Appears in 2 contracts

Samples: Management Agreement (GTC Biotherapeutics Inc), Management Agreement (GTC Biotherapeutics Inc)

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Amount and Payment of Severance. The aggregate severance payments referred to above shall be payable biweekly in arrears for Twelve (12) months, commencing with the first month after termination, each in an amount equal to 100% of the Employee’s 's biweekly base salary at the time of such termination.

Appears in 1 contract

Samples: Management Agreement (GTC Biotherapeutics Inc)

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Amount and Payment of Severance. The aggregate severance payments referred to above shall be payable biweekly biweekly, in arrears arrears, for Twelve twelve (12) months, commencing with the first month week after termination, each in an amount equal to 100% of the Employee’s 's biweekly base salary at the time of such termination.

Appears in 1 contract

Samples: Management Agreement (GTC Biotherapeutics Inc)

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