Cash Severance. The Company will pay you, as cash severance, twelve (12) months of your base salary in effect as of your Separation from Service date, less standard payroll deductions and tax withholdings (the “Severance”). The Severance will be paid in a single lump sum, paid on the Company’s first regular payroll date that is more than sixty (60) days following your Separation from Service date.
Appears in 3 contracts
Sources: Employment Agreement (Opthea LTD), Employment Agreement (Opthea LTD), Employment Agreement (Opthea LTD)
Cash Severance. The Company You will pay you, as receive cash severance, twelve severance equal to nine (129) months of your then current base salary in effect as of your Separation from Service date, less standard payroll deductions and tax withholdings (the “Severance”)salary. The Severance This severance will be paid in a single lump sum, paid equal installments on the Company’s first regular payroll date that is more than sixty (60) days schedule over the 9-month period following your Separation from Service dateand will be subject to applicable tax withholdings; provided, however, that no payments will be made prior to the 60th day following your Separation from Service (and with the first such payment including any amounts accrued following such Separation from Service).
Appears in 2 contracts
Sources: Employment Agreement (Senti Biosciences, Inc.), Employment Agreement (Dynamics Special Purpose Corp.)
Cash Severance. The Company will shall pay you, as cash severance, the equivalent of twelve (12) months (the “Severance Period”) of your base salary Base Salary in effect as of your the Separation from Service dateDate, less subject to standard payroll deductions and tax withholdings (the “Severance”). The Severance will be paid in as a single lump sum, paid continuation on the Company’s regular payroll, beginning no later than the first regular regularly-scheduled payroll date that is more than sixty following the sixtieth (6060th) days following day after your Separation from Service dateService, provided the Separation Agreement (as discussed in Section 8.4) has become effective.
Appears in 2 contracts
Sources: Employment Agreement (Taysha Gene Therapies, Inc.), Employment Agreement (Taysha Gene Therapies, Inc.)
Cash Severance. The Company will shall pay you, as cash severance, twelve the equivalent of 12 months (12the “Severance Period”) months of your base salary Base Salary in effect as of your the Separation from Service dateDate, less subject to standard payroll deductions and tax withholdings (the “Severance”). The Severance will be paid in as a single lump sum, paid continuation on the Company’s regular payroll, beginning no later than the first regular regularly-scheduled payroll date that is more than sixty (60) days following the 60th day after your Separation from Service dateService, provided the Separation Agreement (as discussed in Section 7.7) has become effective.
Appears in 2 contracts
Sources: Employment Agreement (Rallybio Corp), Employment Agreement (Rallybio Corp)
Cash Severance. The Company will shall pay you, as cash severance, twelve the equivalent of six (126) months (the “Severance Period’’) of your base salary Base Salary in effect as of your the Separation from Service dateDate, less subject to standard payroll deductions and tax withholdings (the “Severance”). The Severance will be paid in as a single lump sum, paid continuation on the Company’s regular payroll, beginning no later than the first regular regularlyscheduled payroll date that is more than sixty following the sixtieth (6060th) days following day after your Separation from Service dateService, provided the Separation Agreement (as discussed in Section 8.6) has become effective.
Appears in 1 contract
Cash Severance. The Company You will pay you, as receive cash severance, twelve severance equal to nine (129) months of your then current base salary in effect as of your the Separation from Service date, less standard payroll deductions and tax withholdings date (the “Cash Severance”). The Cash Severance will be paid in a single lump sum, paid equal installments on the Company’s first regular payroll schedule and will be subject to applicable tax withholdings over the period outlined above following the date of your termination date, provided, however, that is more than sixty (60) days no payments will be made prior to the 60th day following your Separation from Service dateand in accordance with Section 8(c)(iv) of this Agreement.
Appears in 1 contract
Sources: Offer of Employment (Dynamics Special Purpose Corp.)
Cash Severance. The Company will shall pay you, as cash severance, twelve the equivalent of 18 months (12the “Severance Period”) months of your base salary Base Salary in effect as of your the Separation from Service dateDate, less subject to standard payroll deductions and tax withholdings (the “Severance”). The Severance will be paid in as a single lump sum, paid continuation on the Company’s regular payroll, beginning no later than the first regular regularly-scheduled payroll date that is more than sixty (60) days following the 60th day after your Separation from Service dateService, provided the Separation Agreement (as discussed in Section 7.7) has become effective.
Appears in 1 contract
Sources: Employment Agreement (Rallybio Corp)
Cash Severance. The Company will shall pay you, as cash severance, twelve the equivalent of six (126) months (the “Severance Period”) of your base salary Base Salary in effect as of your the Separation from Service dateDate, less subject to standard payroll deductions and tax withholdings (the “Severance”). The Severance will be paid in as a single lump sum, paid continuation on the Company’s regular payroll, beginning no later than the first regular regularly-scheduled payroll date that is more than sixty following the sixtieth (6060th) days following day after your Separation from Service dateService, provided the Separation Agreement (as discussed in Section 8.5) has become effective.
Appears in 1 contract
Cash Severance. The Company will shall pay you, as cash severance, the equivalent of twelve (12) months (the “Severance Period”) of your base salary Base Salary in effect as of your the Separation from Service dateDate, less subject to standard payroll deductions and tax withholdings (the “Severance”). The Severance will be paid in as a single lump sum, paid continuation of Base Salary on the Company’s regular payroll, beginning no later than the first regular regularly-scheduled payroll date that is more than sixty following the sixtieth (6060th) days following day after your Separation from Service dateService, provided the Separation Agreement (as discussed in Section 7.8) has become effective.
Appears in 1 contract
Sources: Business Combination Agreement (Phoenix Biotech Acquisition Corp.)
Cash Severance. The Company will shall pay you, as cash severance, the equivalent of twelve (12) months (the “Severance Period”) of your base salary Base Salary in effect as of your the Separation from Service dateDate, less subject to standard payroll deductions and tax withholdings (the “Severance”). The Severance will be paid in as a single lump sum, paid continuation on the Company’s first regular payroll date that is more payroll, beginning no later than sixty (60) days following your Separation from Service date.the first
Appears in 1 contract
Cash Severance. The Company will pay you, as cash severance, the equivalent of twelve (12) months of your base salary in effect as of your the Separation from Service dateDate, less subject to standard payroll deductions and tax withholdings (the “Severance”)withholdings. The Severance This amount will be paid in a single lump sum, paid equal installments on the Company’s normal payroll cycle beginning on the first regular payroll date that is more payday no earlier than sixty (60) days following your Separation from Service dateone week after the Effective Date, as defined in paragraph 13 below.
Appears in 1 contract
Sources: Separation and Consulting Agreement (Everspin Technologies Inc)
Cash Severance. The Company will shall pay you, as cash severance, the equivalent of twelve (12) months (the “Severance Period”) of your base salary Base Salary in effect as of the date of your Separation from Service dateemployment termination, less subject to standard payroll deductions and tax withholdings (the “Severance”). The Severance will be paid in as a single lump sum, paid continuation on the Company’s regular payroll, beginning no later than the first regular regularly-scheduled payroll date that is more than sixty following the sixtieth (6060th) days following day after your Separation from Service dateService, provided the Separation Agreement (as defined in Section 6.3) has become effective.
Appears in 1 contract
Cash Severance. The Company will shall pay you, as cash severance, twelve the equivalent of three (123) months of your base salary in effect as of your the Separation from Service dateDate, less subject to standard payroll deductions and tax withholdings (the “Cash Severance”). The Cash Severance will be paid in a single lump sum, paid sum on the Company’s first regular regularly-scheduled payroll date that is more than sixty following the sixtieth (6060th) days following day after your Separation from Service dateService, provided the Separation Agreement (as discussed in Section 10(c) has become effective.
Appears in 1 contract
Sources: Employment Agreement (Latigo Biotherapeutics, Inc.)
Cash Severance. The Company will pay you, as cash severance, twelve six (126) months of your base salary Base Salary in effect as of your Separation from Service date, less standard applicable payroll deductions and tax withholdings (the “Cash Severance”). The Cash Severance will be paid in a single lump sum, paid sum on the Company’s first regular payroll date that is more than sixty at least one (601) days week following your Separation from Service datethe effectiveness of the Release (defined below) (subject to the Compliance with Section 409A provision set forth below).
Appears in 1 contract
Sources: Employment Agreement (Docusign Inc)
Cash Severance. The Company will pay you, as cash severance, twelve an amount equivalent to six (126) months of your current base salary in effect as of your Separation from Service datesalary, less standard subject to applicable payroll deductions and tax withholdings (the “SeveranceSeverance Payment”). The Severance Payment will be paid to you in a single lump sum, paid continuation on the Company’s first regular payroll starting on the first regularly scheduled payroll date that is more than sixty after the Separation Date Release Effective Date (60) days following your as defined in the Separation from Service dateDate Release attached hereto as Exhibit C).
Appears in 1 contract
Sources: Transition, Separation, and Consulting Agreement (Bionano Genomics, Inc.)
Cash Severance. The Company will shall pay you, as cash severance, twelve the equivalent of three (123) months of your base salary in effect as of your the Separation from Service dateDate, less subject to standard payroll deductions and tax withholdings (the “Cash Severance”). The Cash Severance will be paid in a single lump sum, paid sum on the Company’s first regular regularly-scheduled payroll date that is more than sixty following the sixtieth (6060th) days following day after your Separation from Service dateService, provided the Separation Agreement (as discussed in Section 10(c)) has become effective.
Appears in 1 contract
Sources: Employment Agreement (Latigo Biotherapeutics, Inc.)
Cash Severance. The Company will shall pay you, as cash severance, twelve the equivalent of six (126) months of your base salary in effect as of your the Separation from Service dateDate, less subject to standard payroll deductions and tax withholdings (the “Cash Severance”). The Cash Severance will be paid in a single lump sum, paid continuation on the Company’s first regular payroll starting on the first regularly-scheduled payroll date that is more than sixty following the sixtieth (6060th) days following day after your Separation from Service dateService, provided the Separation Agreement has become effective.
Appears in 1 contract
Sources: Employment Agreement (Latigo Biotherapeutics, Inc.)
Cash Severance. The Company will pay you, as cash severance, twelve six (126) months of your base salary Base Salary in effect as of your Separation from Service date, less standard applicable payroll deductions and tax withholdings (the ▇▇▇▇ ▇▇▇▇▇▇ June 9, 2020 “Severance”). The Severance will be paid in a single lump sum, paid sum on the Company’s first regular payroll date that is more than sixty (60) days following your Separation from Service date.
Appears in 1 contract
Sources: Employment Agreement (ACE Convergence Acquisition Corp.)
Cash Severance. The Company will pay you, as cash severance, twelve an amount equal to eighteen (1218) months of your base salary in effect as of your the Separation Date to be paid in substantially equal installments over an 18-month period measured from Service datethe date the Release becomes effective, less in accordance with the Company’s standard payroll deductions practices and tax withholdings subject to applicable withholding taxes (the “SeveranceSeverance Payment”). The Severance will be paid in a single lump sum, paid on the Company’s first regular payroll date that is more than sixty (60) days following your Separation from Service date.
Appears in 1 contract
Sources: Transition, Separation, and Consulting Agreement (Lb Pharmaceuticals Inc)
Cash Severance. The Company will pay you, as cash severance, the equivalent of twelve (12) months of your base salary in effect as of your the Separation from Service dateDate, less subject to standard payroll deductions and tax withholdings (the “Severance”)withholdings. The Severance This amount will be paid in a single lump sum, paid on the Company’s first regular payroll date that is more than sixty sum within ten (6010) days following your Separation from Service dateafter the Effective Date (as defined in Section 7(c) of this Agreement), but in no event before January 1, 2023.
Appears in 1 contract
Cash Severance. The Company You will pay you, as receive cash severance, severance equal to twelve (12) months of your then current base salary in effect as of your the Separation from Service date, less standard payroll deductions and tax withholdings date (the “Cash Severance”). The Cash Severance will be paid in a single lump sum, paid equal installments on the Company’s first regular payroll schedule and will be subject to applicable tax withholdings over the period outlined above following the date of your termination date, provided, however, that is more than sixty (60) days no payments will be made prior to the 60th day following your Separation from Service dateand in accordance with Section 8(c)(iv) of this Agreement.
Appears in 1 contract
Sources: Offer of Employment (Dynamics Special Purpose Corp.)