Common use of Compensation Benefits Clause in Contracts

Compensation Benefits. (a) As referenced in this section, compensation following the Employee’s termination shall be in the form of severance. Severance will be based on the employee’s base salary in effect as of the employee’s last day of employment, and will be paid in one lump-sum amount.

Compensation Benefits. (a) As referenced in this section, compensation following the Employee’s termination shall be in the form of severance. Severance will be based on the employee’s base salary in effect as of the employee’s last day of employment, and will be paid in one lump-sum amountinstallments in accordance with the Company’s regular payroll schedule in effect on the Date of Termination (provided that such installments shall be made at least monthly) except as set forth in subparagraph (e) below.

Compensation Benefits. (a) As referenced in this section, compensation following the Employee’s 's termination shall be in the form of severance. Severance will be based on the employee’s 's base salary in effect as of the employee’s 's last day of employment, and will be paid in one lump-sum amountinstallments in accordance with the Company's regular payroll schedule in effect at the time of termination.

Compensation Benefits. (a) As referenced in this section, compensation following the Employee’s termination shall be in the form of severance. Severance will be based on the employee’s base salary in effect as of the employee’s last day of employment, employment (without regard to any reduction that constitutes Good Reason) and will be paid in one lump-sum amount.

Compensation Benefits. (a) As referenced in this section, compensation following the Employee’s termination shall be in the form of severance. Severance will be based on the employee’s base salary in effect as of the employee’s last day of employmentemployment (without regard to any reduction that constitutes Good Reason), and will be paid in one lump-sum amount.