Common use of CHANGE OF CONTROL SEVERANCE PAYMENT Clause in Contracts

CHANGE OF CONTROL SEVERANCE PAYMENT. The Company shall continue to pay to the Executive for a period of twenty-four (24) months following the Termination Date the Executive's Base Salary at the rate in effect on the Termination Date, payable in accordance with the customary payroll practices of the Company, PLUS an immediate single lump sum cash payment of any Base Salary, Bonus Plan bonuses, allowable vacation and unreimbursed expenses accrued but unpaid as of the Termination Date.

CHANGE OF CONTROL SEVERANCE PAYMENT. The Company shall continue to pay to the Executive for a period of twenty-four (24) months following the Termination Date the Executive's Base Salary at the rate in effect on the Termination Date, payable in accordance with the customary payroll practices of the Company, PLUS plus an immediate single lump sum cash payment of any Base Salary, Bonus Plan bonuses, allowable vacation and unreimbursed expenses accrued but unpaid as of the Termination Date.

CHANGE OF CONTROL SEVERANCE PAYMENT. The Company shall continue to pay to the Executive for a period of twenty-four twelve (2412) months following the Termination Date the Executive's Base Salary at the rate in effect on the Termination Date, payable in accordance with the customary payroll practices of the Company, PLUS an immediate single lump sum cash payment of any Base Salary, Bonus Plan bonuses, allowable vacation and unreimbursed expenses accrued but unpaid as of the Termination Date.

CHANGE OF CONTROL SEVERANCE PAYMENT. The If the Executive has been employed hereunder for at least one year, the Company shall continue to pay to the Executive Executive, for a period of twenty-four (24) months following the Termination Date Date, the Executive's Base Salary at the rate in effect on the Termination Date, payable in accordance with the customary payroll practices of the Company, PLUS an immediate single lump sum cash payment of any Base Salary, Bonus Plan bonusespayment, allowable accrued vacation and unreimbursed expenses accrued but unpaid as of the Termination Date.