Common use of Severance Benefits Clause in Contracts

Severance Benefits. The Company shall pay the Executive six (6) months of his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six twelve (612) months worth of his/his or her monthly base salary (at the rate in effect immediately prior to at the actions that resulted in time of the Qualifying Termination)Separation. The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive an amount equal to six (6) months months’ worth of his/his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6i) twelve (12) months of his/his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payment payments in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than on the first regular payroll date business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) months worth of his/his or her monthly base salary (at the rate in effect immediately prior to at the actions that resulted in time of the Qualifying Termination)Separation. The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) months of his/his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than on the first regular payroll date business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) months months’ worth of his/his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) twelve months of his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) months months’ worth of his/his or her monthly base salary (at the rate in effect immediately prior to at the actions that resulted in time of the Qualifying Termination)Separation. The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six twelve (612) months of his/his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, procedures which payment will be made no later than on the first regular payroll date business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) months of his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) 6 months of his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) 12 months of his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, procedures which payment will be made no later than on the first next regular payroll date occurring after the sixtieth (60th) day following the SeparationRelease Conditions have been satisfied, provided that if the sixty (60) day period following the Separation spans two calendar years, then the severance payment will be paid on the first payroll date occurring in the second calendar year after the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) months of his/his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than on the first regular payroll date business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied. If Executive is subject to a Qualifying Termination, no Equity Awards shall accelerate, except as may be provided in an individual equity award agreement between Executive and the Company.

Severance Benefits. The Company shall pay the Executive [twelve (12)]1 / [six (6) 6)]2 months of his/his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, procedures which payment will be made no later than on the first regular payroll date business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six an amount equal to (6i) months twelve (12) months’ worth of his/his or her monthly base salary salary, and (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination)ii) then-current annual target bonus opportunity. The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six twelve (612) months worth of his/her his monthly base salary (at the rate in effect immediately prior to at the actions that resulted in time of the Qualifying Termination)Separation. The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six nine (69) months of his/her his monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) months [12 months][9 months][6 months]1 of his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six [Tier 1: eighteen (618) months months]2 [Tier 2: twelve (12) months]3 of his/her Executive’s monthly base salary (at the rate in effect immediately prior to at the actions that resulted in time of the Qualifying Termination)Separation. The Executive will receive his or her the severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than on the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that but in no event later than March 15th of the Release Conditions have been satisfiedcalendar year immediately following the calendar year in which the date of the Separation occurs.

Severance Benefits. The Company shall pay the Executive [CEO: twelve (12)] [Named Executive Officer: six (6) )] months of his/her Executive’s monthly base salary (at the rate in effect immediately prior to at the actions that resulted in time of the Qualifying Termination)Separation. The Executive will receive his or her the severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than on the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that but in no event later than March 15th of the Release Conditions have been satisfiedcalendar year immediately following the calendar year in which the date of the Separation occurs.

Severance Benefits. The Company shall pay the Executive six (6i) four and one-half (4.5) months of his/her his monthly base salary salary, and (ii) 37.5% of the Executive’s annual target bonus at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six twelve (612) months of his/his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payment in a cash lump-lump sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than on the first regular payroll date business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) months of his/his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, procedures which payment will be made no later than on the first regular payroll date business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) months worth of his/her his monthly base salary (at the rate in effect immediately prior to at the actions that resulted in time of the Qualifying Termination)Separation. The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6i) nine (9) months of his/her his monthly base salary and (ii) seventy-five percent (75%) of the Executive’s annual target bonus at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) months of his/his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payment in a cash lump-lump sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth within sixty (60th60) day days following the Separation, provided that subject to the Release Conditions have been satisfiedExecutive’s satisfaction of the release requirements set forth in Section 4 hereof.

Severance Benefits. The Company shall pay the Executive six (6i) three (3) months of his/her his then-current monthly base salary salary, and (ii) 25% of the Executive’s annual target bonus at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six an amount equal to twelve (612) months months’ worth of his/his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company Employer shall pay the Executive six twelve (612) months worth of his/his or her monthly base salary (at the rate in effect immediately prior to at the actions that resulted in time of the Qualifying Termination)Separation. The Executive will receive his or her severance payment in a cash lump-sum in accordance with the CompanyEmployer’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six [twelve (6) 12)]*[nine (9)]** months of his/his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than on the first regular payroll date business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) months [12 months] [9 months]1 of his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6i) three (3) months of his/her his then-current monthly base salary salary, and (ii) twenty-five percent (25%) of the Executive’s annual target bonus at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six twelve (612) months of his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six [twelve (12) months)][nine (9) months][six (6) months months]2 of his/her the Executive’s monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her the Executive’s severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) months of his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) months of his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, procedures which payment will be made no later than on the first regular payroll date business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) 12 months of his/her his monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, procedures which payment will be made no later than on the first next regular payroll date occurring after the sixtieth (60th) day following the SeparationRelease Conditions have been satisfied, provided that if the sixty (60) day period following the Separation spans two calendar years, then the severance payment will be paid on the first payroll date occurring in the second calendar year after the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six twelve (612) months months’ worth of his/his or her monthly base salary (at the rate in effect immediately prior to at the actions that resulted in time of the Qualifying Termination)Separation. The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) months of his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). , plus an amount equal to 50% of the Executive’s annual target bonus corresponding to 100% achievement of target.. The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive (i) six (6) months of his/her his monthly base salary and (ii) fifty percent (50%) of the Executive’s annual target bonus at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (61) twelve (12) months of his/her Executive’s monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (2) an amount equal to one hundred percent (100%) of the Executive’s target bonus (together, such salary and bonus payments the “Severance”). The Executive will receive his or her severance payment the Severance in a cash lump-sum in accordance with the Company’s standard payroll procedures, procedures which payment will be made no later than on the first regular payroll date business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6i) three (3) months of his/her his monthly base salary salary, and (ii) twenty-five percent (25%) of the Executive’s annual target bonus at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) months of his/his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than on the first regular payroll date business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) [___] months of his/his or her monthly base salary and then-current target bonus opportunity (prorated on a monthly basis at the rate rates in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) months of his/his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payment in a cash lump-lump sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth within sixty (60th60) day days following the Separation, provided that subject to the Release Conditions have been satisfied.Executive’s satisfaction of the release requirements set forth in Section 4 hereof. (b)

Severance Benefits. The Company shall pay the Executive (i) six (6) months of his/her his then-current monthly base salary salary, and (ii) fifty percent (50%) of the Executive’s annual target bonus at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six twelve (612) months of his/his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination). The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than on the first regular payroll date business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6) months of his/her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination)) plus an amount equal to 50% of the Executive’s annual target bonus corresponding to 100% achievement of target. The Executive will receive his or her severance payment in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.

Severance Benefits. The Company shall pay the Executive six (6i) eighteen (18) months of his/his or her monthly base salary (at the rate in effect immediately prior to the actions that resulted in the Qualifying Termination), and (ii) pro-rata payment of Executive’s then-current target bonus amount. Such severance payment shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive his or her severance payment payments in a cash lump-sum in accordance with the Company’s standard payroll procedures, which payment will be made no later than on the first regular payroll date business day occurring after the sixtieth (60th) day following the Separation, provided that the Release Conditions have been satisfied.