Common use of Computation and Payment of Severance Amount Clause in Contracts

Computation and Payment of Severance Amount. The Severance Amount shall be computed by using the higher of the salary paid to the Employee: (a) immediately preceding the Change in Control, or (b) immediately preceding the Employee's Qualifying Termination. The Severance Amount shall be paid without prejudice to the Employee's right to receive all Accrued Compensation. The Severance Amount shall be paid to the Employee in a lump sum within thirty (30) days of the execution of the Release and Confidentiality Agreement. The Severance Amount shall be paid irrespective of the Employee's employment status with any other organization or self-employment; provided, however, that if the Employee should violate the terms of the Release and Confidentiality Agreement, Westport shall be under no further obligation to continue the payments or benefits hereunder.

Computation and Payment of Severance Amount. The Severance Amount shall be computed by using the higher of the salary paid to the Employee: (a) immediately preceding the Change in Control, or (bb ) immediately preceding the Employee's Qualifying Termination. The Severance Amount shall be paid without prejudice to the Employee's right to receive all Accrued Compensation. The Severance Amount shall be paid to the Employee in a lump sum within thirty (30) days of the execution of the Release and Confidentiality Agreement. The Severance Amount shall be paid irrespective of the Employee's employment status with any other organization or self-employment; provided, however, that if the Employee should violate the terms of the Release and Confidentiality Agreement, Westport shall be under no further obligation to continue the payments or benefits hereunder.

Computation and Payment of Severance Amount. The Severance Amount shall be computed by using the higher of the salary paid to the Employee: (a) immediately preceding the Change in Control, or (bb ) immediately preceding the Employee's ’s Qualifying Termination. The Severance Amount shall be paid without prejudice to the Employee's ’s right to receive all Accrued Compensation. The Severance Amount shall be paid to the Employee in a lump sum within thirty (30) days of the execution of the Release and Confidentiality Agreement. The Severance Amount shall be paid irrespective of the Employee's ’s employment status with any other organization or self-employment; provided, however, that if the Employee should violate the terms of the Release and Confidentiality Agreement, Westport shall be under no further obligation to continue the payments or benefits hereunder.