Common use of Salary Severance Clause in Contracts

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s Base Salary, at the highest rate in effect during the Term, for six (6) months from the date of Executive’s termination of employment, which will be paid in accordance with the Company’s regular payroll procedures.

Appears in 8 contracts

Samples: Employment Agreement (Sarcos Technology & Robotics Corp), Employment Agreement (Sarcos Technology & Robotics Corp), Employment Agreement (Sarcos Technology & Robotics Corp)

AutoNDA by SimpleDocs

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s Base Salary, at the highest rate in effect during the Term, for six nine (69) months from the date of Executive’s termination of employment, which will be paid in accordance with the Company’s regular payroll procedures.

Appears in 7 contracts

Samples: Employment Agreement (Otonomy, Inc.), Employment Agreement (Otonomy, Inc.), Executive Employment Agreement (Otonomy, Inc.)

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s Base Salary, at the highest rate in effect during the Term, for six twelve (612) months from the date of Executive’s termination of employment, which will be paid in accordance with the Company’s regular payroll procedures.

Appears in 7 contracts

Samples: Executive Employment Agreement (Otonomy, Inc.), Executive Employment Agreement (Otonomy, Inc.), Employment Agreement (Otonomy, Inc.)

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s Base Salary, at the highest rate Salary (as in effect during immediately prior to the Term, Qualifying Non-CIC Termination) for six (6) months from the date of Executive’s termination of employmentthe Qualifying Non-CIC Termination, which will be paid in accordance with the Company’s regular normal payroll procedurespractices, subject to Section 8.

Appears in 6 contracts

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

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s Base Salary, at the highest rate in effect during the Term, Salary for six nine (69) months from the date of Executive’s termination Termination of employmentEmployment, which will be paid in accordance with the Company’s regular payroll procedures.

Appears in 5 contracts

Samples: Executive Severance Agreement (Invuity, Inc.), Executive Severance Agreement (Invuity, Inc.), Executive Severance Agreement (Invuity, Inc.)

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s then-current Base Salary, at the highest rate in effect during the Term, Salary for six twelve (612) months from the date of Executive’s termination of employment, which will be paid in accordance with the schedule set forth in Section 8(b) and the Company’s regular normal payroll procedurespractices and be subject to the usual, required withholding.

Appears in 4 contracts

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

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s Base Salary, at the highest rate in effect during the Employment Term, for six nine (69) months from the date of Executive’s termination of employment, which will be paid in accordance with the Company’s regular payroll procedures.

Appears in 3 contracts

Samples: Employment Agreement (Invuity, Inc.), Executive Employment Agreement (Invuity, Inc.), Executive Employment Agreement (Invuity, Inc.)

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s Base Salary, at the highest rate in effect during the Employment Term, for six the Severance Period (6as determined below) months from the date of Executive’s termination of employment, which will be paid in accordance with the Company’s regular payroll procedures. The “Severance Period” shall be equal to six (6) months.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Sarcos Technology & Robotics Corp), Employment Agreement (Sarcos Technology & Robotics Corp)

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s Base Salaryannual base salary, at the highest rate as then in effect during the Termeffect, for six (6) months from the date of Executive’s termination of employment, which will be paid in accordance with the Company’s regular payroll procedures.

Appears in 2 contracts

Samples: Change of Control Severance Agreement (Xactly Corp), Change of Control Severance Agreement (Xactly Corp)

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s Base Salaryannual base salary, at the highest rate as then in effect during the Termeffect, for [CEO: twelve (12) /All Others: six (6) )] months from the date of Executive’s termination of employment, which will be paid in accordance with the Company’s regular payroll procedures.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Xactly Corp)

AutoNDA by SimpleDocs

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s Base Salary, at the highest rate Salary (as in effect during immediately prior to the Term, Qualifying Non-CIC Termination) for six (6) months from the date of Executive’s termination of employmentthe Qualifying Non-CIC Termination, which will be paid in accordance ​ ​ with the Company’s regular normal payroll procedures.practices, subject to Section 8. ​

Appears in 1 contract

Samples: Employment Agreement (Knightscope, Inc.)

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s Base Salaryannual base salary, at the highest rate in effect during the Termterm of this Agreement, for [Tier 1: twelve (12) /Tier 2: nine (9) /Tier 3: six (6) )] months from the date of Executive’s termination of employment, which will be paid in accordance with the Company’s regular payroll procedures.

Appears in 1 contract

Samples: Change of Control and Severance Agreement (iRhythm Technologies, Inc.)

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s Base Salary, at the highest rate in effect during the Employment Term, for six twelve (612) months from the date of Executive’s termination of employment, which will be paid in accordance with the Company’s regular payroll procedures.

Appears in 1 contract

Samples: Executive Employment Agreement (Invuity, Inc.)

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s Base Salary, at the highest rate in effect during the Term, Salary for six twelve (612) months from the date of Executive’s termination Termination of employmentEmployment, which will be paid in accordance with the Company’s regular payroll procedures.

Appears in 1 contract

Samples: Executive Severance Agreement (Invuity, Inc.)

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s Base Salaryannual base salary, at the highest rate in effect during the Termterm of this Agreement, for [Tier 1: eighteen (18) /Tier 2: nine (9) /Tier 3: six (6) )] months from the date of Executive’s termination of employment, which will be paid in accordance with the Company’s regular payroll procedures.

Appears in 1 contract

Samples: Change of Control and Severance Agreement (iRhythm Technologies, Inc.)

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s Base Salaryannual base salary, at the highest rate as then in effect during the Termeffect, for six twelve (612) months from the date of Executive’s termination of employment, which will be paid in accordance with the Company’s regular payroll procedures.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Xactly Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.