Common use of Cash Severance Clause in Contracts

Cash Severance. The Company will pay to you in cash an amount equal to 12 times your monthly Base Salary, paid ratably in equal installments over a 12 month period beginning in the first payroll period following the Release Effective Date (as defined below) (or such later date required by Section 7) in accordance with the Company’s standard payroll policies and procedures and in a manner consistent with Section 7;

Appears in 15 contracts

Samples: Executive Employment Agreement (HMS Holdings Corp), Executive Employment Agreement (HMS Holdings Corp), Employment Agreement (HMS Holdings Corp)

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Cash Severance. The Company will pay to you in cash an amount equal to 12 twelve times your monthly Base Salary, paid ratably in equal installments over a 12 twelve month period beginning in the first payroll period following the Release Effective Date (as defined below) (or such later date required by Section 7) in accordance with the Company’s standard payroll policies and procedures and in a manner consistent with Section 7;

Appears in 2 contracts

Samples: Employment Agreement (HMS Holdings Corp), Employment Agreement (HMS Holdings Corp)

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Cash Severance. The Company will pay to you in cash (i) an amount equal to 12 one times your monthly annual Base Salary, paid ratably in equal installments over a 12 month period beginning in the first payroll period following the Release Effective Date (as defined below) (or such later date required by Section 7) in accordance with the Company’s 's standard payroll policies and procedures and (ii) any annual discretionary performance cash bonus that has been awarded to you by the Board for the calendar year preceding the year in a manner consistent with Section 7;which your employment ends, to be paid on the date such bonus otherwise would have been paid if your employment had continued.

Appears in 1 contract

Samples: Employment Agreement (Tier Technologies Inc)

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