Common use of Cash Severance Clause in Contracts

Cash Severance. The Executive shall be paid, in a single lump-sum payment on the sixtieth (60th) day following the Date of Termination (the “Severance Payment Date”), an amount equal to fifty percent (50%) of the Executive’s annual Base Salary, as in effect on the Date of Termination, disregarding any reduction in Base Salary that would give rise to the Executive’s right to terminate for Good Reason.

Appears in 5 contracts

Samples: Employment Agreement (Skullcandy, Inc.), Employment Agreement (Skullcandy, Inc.), Employment Agreement (Skullcandy, Inc.)

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Cash Severance. The Executive shall be paid, in a single lump-lump- sum payment on the sixtieth (60th) day following the Date of Termination (the “Severance Payment Date”), an amount equal to fifty percent (50%) of the Executive’s annual Base Salary, as in effect on the Date of Termination, disregarding any reduction in Base Salary that would give rise to the Executive’s right to terminate for Good Reason.

Appears in 3 contracts

Samples: Employment Agreement (Skullcandy, Inc.), Employment Agreement (Skullcandy, Inc.), Employment Agreement (Skullcandy, Inc.)

Cash Severance. The Executive shall be paid, in a single lump-sum payment on the sixtieth (60th) day following the Date of Termination (the “Severance Payment Date”), an amount equal to fifty percent (50%) of the Executive’s annual Base Salary, as in effect on the Date of Termination, disregarding any reduction in Base Salary that would give rise to the Executive’s right to terminate for Good Reason.

Appears in 3 contracts

Samples: Employment Agreement (Skullcandy, Inc.), Employment Agreement (Skullcandy, Inc.), Employment Agreement (Skullcandy, Inc.)

Cash Severance. The Executive shall be paid, in a single lump-sum payment on the sixtieth (60th) day following the Date of Termination (the “Severance Payment Date”), an amount equal to fifty percent (50%) of the Executive’s annual Base Salary, as in effect on effecton the Date of Termination, disregarding any reduction in Base Salary that would give rise to the Executive’s right to terminate for Good Reason.

Appears in 2 contracts

Samples: Employment Agreement (Skullcandy, Inc.), Employment Agreement (Skullcandy, Inc.)

Cash Severance. The Executive shall be paid, in a single lump-lump- sum payment on the sixtieth (60th) day following the Date of Termination (the “Severance Payment Date”), an amount equal to fifty percent (50%) 200% of the Executive’s annual Base Salary, as in effect on the Date of Termination, disregarding any reduction in Base Salary that would give rise to the Executive’s right to terminate for Good Reason.

Appears in 1 contract

Samples: Employment Agreement (Skullcandy, Inc.)

Cash Severance. The Executive shall be paid, in a single lump-sum payment on the sixtieth (60th) day following the Date of Termination (the “Severance Payment Date”), an amount equal to fifty percent (50%) 150% of the Executive’s annual Base Salary, as in effect on the Date of Termination, disregarding any reduction in Base Salary that would give rise to the Executive’s right to terminate for Good Reason.

Appears in 1 contract

Samples: Employment Agreement (Skullcandy, Inc.)

Cash Severance. The Executive shall be paid, in a single lump-sum payment on the sixtieth (60th) day following the Date of Termination (the “Severance Payment Date”), an amount equal to fifty percent (50%) of the Executive’s annual Base Salary, as in effect on the Date of Termination, disregarding any reduction in Base Salary that would give rise to the Executive’s right to terminate for Good Reason.

Appears in 1 contract

Samples: Employment Agreement (Skullcandy, Inc.)

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Cash Severance. The Executive Company shall be paidpay Executive, in a single lump-sum payment on the sixtieth (60th) day following after the Date date of Termination (the “Severance Payment Date”)termination, an amount equal to fifty percent (50%) of the Executive’s annual Base Salary, base salary as in effect on of the Date date of Termination, termination (disregarding any reduction in Base Salary annual base salary that would give rise to the Executive’s right to terminate for Good Reason).

Appears in 1 contract

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

Cash Severance. The Executive shall be paid, in a single lump-sum payment on the sixtieth (60th) day following the Date of Termination (the “Severance Payment Date”), an amount equal to fifty percent (50%) 200% of the Executive’s annual Base Salary, as in effect on the Date of Termination, disregarding any reduction in Base Salary that would give rise to the Executive’s right to terminate for Good Reason.

Appears in 1 contract

Samples: Employment Agreement (Skullcandy, Inc.)

Cash Severance. The Executive shall be paid, in a single lump-lump- sum payment on the sixtieth (60th) day following the Date of Termination (the “Severance Payment Date”), an amount equal to fifty percent (50%) 150% of the Executive’s annual Base Salary, as in effect on the Date of Termination, disregarding any reduction in Base Salary that would give rise to the Executive’s right to terminate for Good Reason.

Appears in 1 contract

Samples: Employment Agreement (Skullcandy, Inc.)

Cash Severance. The Executive shall be paid, in a single lump-sum payment on the sixtieth (60th) day following the Date of Termination (the “Severance Payment Date”), an amount equal to fifty percent (50%) 250% of the Executive’s annual Base Salary, as in effect on the Date of Termination, disregarding any reduction in Base Salary that would give rise to the Executive’s right to terminate for Good Reason.

Appears in 1 contract

Samples: Employment Agreement (Skullcandy, Inc.)

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