Common use of Severance Payment Clause in Contracts

Severance Payment. Executive will receive: (A) continuing payments of severance pay (less applicable withholding taxes) for a period of six (6) months from the date of such termination equal to the pro-rata portion of Executive’s Base Salary (as in effect immediately prior to Executive’s termination) and (B) Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earned.

Severance Payment. Executive will receive: receive severance in an amount equal to 18 (A) continuing payments of severance pay (less applicable withholding taxes) for a period of six (6eighteen) months from the date of such termination equal to the pro-rata portion of Executive’s Base Salary (base salary as in effect immediately prior to the date of Executive’s termination) termination of employment, less all required tax withholdings and (B) other applicable deductions, which will be paid as soon as practicable following Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedemployment.

Severance Payment. Executive will receive: (A) continuing payments of severance pay (less applicable withholding taxes) for a period of six (6) months from the date of such termination equal to the pro-rata portion of Executive’s Base Salary (as in effect immediately prior to Executive’s termination) and (B) Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earned).

Severance Payment. Executive will receive: (A) continuing payments of severance pay (less applicable withholding taxes) for a period of six (6) months from the date of such termination equal to the pro-rata portion of Executive’s Base Salary (as in effect immediately prior to Executive’s termination) and (B) Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of the performance goals under such plan and the quarterly bonus that would have otherwise been earned.

Severance Payment. Executive will receive: (A) receive continuing payments of severance pay (less applicable withholding taxes) for a period of six twelve (612) months from the date of such termination (the “Severance Period”) at a rate equal to the pro-rata portion of Executive’s Base Salary base salary rate (as in effect immediately prior to Executive’s termination(A) and the Change in Control, or (B) Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtermination, whichever is greater).

Severance Payment. Executive will receive: be entitled to (Ai) receive continuing payments of severance pay (less applicable withholding taxes) at a rate equal to his base salary rate, as then in effect, for a period of six nine (69) months from the date of such termination equal termination, to be paid periodically in accordance with the pro-rata portion of ExecutiveCompany’s Base Salary (as in effect immediately prior to Executive’s termination) normal payroll policies; and (B) a lump-sum payment equal to 100% of Executive’s quarterly target annual bonus under as of the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which date of such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtermination.

Severance Payment. Executive will be entitled to receive: ; (A) continuing payments of severance pay (less applicable withholding taxes) at a rate equal to his base salary rate, as then in effect, for a period of six twelve (612) months from the date of such termination equal termination, to be paid periodically in accordance with the pro-rata portion of ExecutiveCompany’s Base Salary (as in effect immediately prior to Executive’s termination) normal payroll policies; and (B) a lump-sum payment equal to 100% of Executive’s quarterly target annual bonus under as of the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which date of such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtermination.

Severance Payment. Executive will receive: (A) continuing payments of receive severance pay (less applicable withholding taxes) for a period of six twelve (612) months from the date of such termination equal to the pro-rata portion of Executive’s Base Salary base salary (as in effect immediately prior to Executive’s termination(A) and the Change of Control, or (B) Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtermination, whichever is greater).

Severance Payment. Executive will receive: receive severance in an amount equal to 18 (A) continuing payments of severance pay (less applicable withholding taxes) for a period of six (6eighteen) months from the date of such termination equal to the pro-rata portion of Executive’s Base Salary (base salary as in effect immediately prior to the date of Executive’s termination) termination of employment, less all required tax withholdings and (B) other applicable deductions, which will be paid as soon as practicable following Executive’s quarterly bonus under termination of employment but in no event later than the Companynext pay period after Executive’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedemployment.

Severance Payment. Executive will receive: (A) continuing payments of receive severance pay (less applicable withholding taxes) for a period of six (6) months from the date of such termination equal to the pro-rata portion of Executive’s Base Salary base salary (as in effect immediately prior to Executive’s termination(A) and the Change of Control, or (B) Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtermination, whichever is greater).

Severance Payment. Executive will receive: (A) continuing payments of severance pay (less applicable withholding taxes) for a period of six three (63) months from the date of such termination equal to the pro-rata portion of Executive’s Base Salary (as in effect immediately prior to Executive’s termination) and (B) Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of the performance goals under such plan and the quarterly bonus that would have otherwise been earned.

Severance Payment. Executive will be entitled to receive: ; (A) continuing payments of severance pay (less applicable withholding taxes) at a rate equal to his base salary rate, as then in effect, for a period of six eighteen (618) months from the date of such termination equal termination, to be paid periodically in accordance with the pro-rata portion of ExecutiveCompany’s Base Salary (as in effect immediately prior to Executive’s termination) normal payroll policies; and (B) a lump-sum payment equal to 100% of Executive’s quarterly target annual bonus under as of the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which date of such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtermination.

Severance Payment. Executive will receive: (A) receive continuing payments of severance pay (less applicable withholding taxes) for a period of six twelve (612) months from the date of such termination (the “Severance Period”) at a rate equal to the pro-rata portion of Executive’s Base Salary base salary rate (as in effect immediately prior to Executive’s termination(A) and the Change of Control, or (B) Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtermination, whichever is greater).

Severance Payment. Executive will receive: receive severance in an amount equal to twelve (A) continuing payments of severance pay (less applicable withholding taxes) for a period of six (612) months from the date of such termination equal to the pro-rata portion of Executive’s Base Salary (base salary as in effect immediately prior to the date of Executive’s termination) termination of employment, less all required tax withholdings and (B) Executive’s quarterly bonus under other applicable deductions, which will be paid on the following schedule in accordance with the Company’s Named Executive Officer Bonus Policy and Plan for regular payroll procedures: (x) 1/3 as soon as practicable after the entire quarter in which such Executive’s termination occurred based of employment, (y) 1/3 on the achievement six (6) month anniversary of performance goals under such plan Executive’s termination of employment, and (z) 1/3 on the quarterly bonus that would have otherwise been earnedone (1) year anniversary of Executive’s termination of employment.

Severance Payment. Executive will be entitled to receive: (A) continuing payments of severance pay (less applicable withholding taxes) at a rate equal to his base salary rate, as then in effect, for a period of six twelve (612) months from the date of such termination equal termination, to be paid periodically in accordance with the pro-rata portion of ExecutiveCompany’s Base Salary (as in effect immediately prior to Executive’s termination) normal payroll policies; and (B) Executive’s quarterly bonus a lump-sum payment equal to 100% of the Additional Payment if the termination that triggers severance payments under this Section 9(e) occurs prior to the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement end of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtwelve months following April 27, 2011.

Severance Payment. Executive will receive: (A) continuing payments of severance pay (less applicable withholding taxes) for a period of six twelve (612) months from the date of such termination equal to the pro-rata portion of Executive’s Base Salary (as in effect immediately prior to Executive’s termination) and (B) Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earned.

Severance Payment. Executive will receive: receive severance in an amount equal to twelve (A) continuing payments of severance pay (less applicable withholding taxes) for a period of six (612) months from the date of such termination equal to the pro-rata portion of Executive’s Base Salary (base salary as in effect immediately prior to the date of Executive’s termination) termination of employment, less all required tax withholdings and (B) other applicable deductions, which will be paid as soon as practicable following Executive’s quarterly bonus under termination of employment but in no event later than the Companynext pay period after Executive’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedemployment.

Severance Payment. Executive will receive: be entitled to (Ai) receive continuing payments of severance pay (less applicable withholding taxes) at a rate equal to his base salary rate, as then in effect, for a period of six (6) months from the date of such termination equal termination, to be paid periodically in accordance with the pro-rata portion of ExecutiveCompany’s Base Salary (as in effect immediately prior to Executive’s termination) normal payroll policies; and (B) a lump-sum payment equal to 100% of Executive’s quarterly target annual bonus under as of the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which date of such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtermination.

Severance Payment. Executive will receive: receive severance in an amount equal to eighteen (A) continuing payments of severance pay (less applicable withholding taxes) for a period of six (618) months from the date of such termination equal to the pro-rata portion of Executive’s Base Salary (base salary as in effect immediately prior to the date of Executive’s termination) termination of employment, less all required tax withholdings and (B) other applicable deductions, which will be paid as soon as practicable following Executive’s quarterly bonus under termination of employment but in no event later than the Companynext pay period after Executive’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedemployment.

Severance Payment. Executive will be entitled to receive: ; (A) continuing payments of severance pay (less applicable withholding taxes) at a rate equal to his base salary rate, as then in effect, for a period of six fifteen (615) months from the date of such termination equal termination, to be paid periodically in accordance with the pro-rata portion of ExecutiveCompany’s Base Salary (as in effect immediately prior to Executive’s termination) normal payroll policies; and (B) a lump-sum payment equal to 100% of Executive’s quarterly target annual bonus under as of the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which date of such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtermination.

Severance Payment. Executive will be entitled to receive: ; (A) continuing A)continuing payments of severance pay (less applicable withholding taxes) at a rate equal to his base salary rate, as then in effect, for a period of six nine (69) months from the date of such termination equal termination, to be paid periodically in accordance with the pro-rata portion of ExecutiveCompany’s Base Salary (as in effect immediately prior to Executive’s termination) normal payroll policies; and (B) a lump-sum payment equal to 100% of Executive’s quarterly target annual bonus under as of the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which date of such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtermination.

Severance Payment. Executive will receive: (A) receive bi-weekly continuing payments of severance pay at a rate equal to Executive’s Base Salary, as then in effect, for [WEEKS] (x) weeks , less all required tax withholdings and other applicable withholding taxes) for a period of six deductions, which will be paid in accordance with the Company’s regular payroll procedures commencing on the Release Deadline (6) months from as defined in Section 8(a)); provided that the first payment shall include any amounts that would have been paid to Executive if payment had commenced on the date of such termination equal to the pro-rata portion of Executive’s Base Salary (as in effect immediately prior to Executive’s termination) and (B) Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedemployment .

Severance Payment. Executive will be entitled to receive: (A) continuing payments of severance pay (less applicable withholding taxes) at a rate equal to his base salary rate, as then in effect, for a period of six fifteen (615) months from the date of such termination equal termination, to be paid periodically in accordance with the pro-rata portion of ExecutiveCompany’s Base Salary (as in effect immediately prior to Executive’s termination) normal payroll policies; and (B) a lump-sum payment equal to 100% of Executive’s quarterly target annual bonus under as of the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which date of such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtermination.

Severance Payment. Executive will receive: (A) continuing payments of severance pay (less applicable withholding taxes) for a period of six twelve (612) months from the date of such termination equal to the pro-rata portion of Executive’s Base Salary (as in effect immediately prior to Executive’s termination) and (B) Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of the performance goals under such plan and the quarterly bonus that would have otherwise been earned.

Severance Payment. Executive will receive: be entitled to (Ai) receive continuing payments of severance pay (less applicable withholding taxes) at a rate equal to her base salary rate, as then in effect, for a period of six (6) months from the date of such termination termination, to be paid periodically in accordance with the Company’s normal payroll policies; and (ii) a lump-sum payment equal to the pro-rata portion 50% of Executive’s Base Salary (target annual bonus as in effect immediately prior to Executive’s of the date of such termination) and (B) Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earned.

Severance Payment. (a) In the event the employment of the Executive will receiveis terminated by the Company for a reason other than for Cause (as defined below) or by the Executive for Good Reason (as defined below) then the Executive shall be entitled to receive the following as severance: six (A6) continuing payments months of severance pay his then current base salary (less applicable withholding taxes) for the “Severance Pay”), payable in installments over a period of six (6) months from following the date of such termination equal to the pro-rata portion of Executive’s Base Salary (as in effect immediately prior to Executive’s termination) and (B) Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedTermination Date.

Severance Payment. Executive will receive: (A) receive continuing payments of severance pay (less applicable withholding taxes) for a period of [six (6) months months]/[twelve (12) months] (such number of months, the “Standard Severance Period”) from the date of such termination of employment at a rate equal to the pro-rata portion of Executive’s Base Salary (base salary as in effect immediately prior to the date of Executive’s termination) termination of employment (disregarding any reduction in base salary that triggers the right to termination for Good Reason), less all required tax withholdings and (B) Executive’s quarterly bonus under other applicable deductions, which will be paid in accordance with the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedregular payroll procedures.

Severance Payment. Executive will receive: receive a severance payment equal to six (A6) continuing payments months of severance pay Executive’s then current annual base salary as of the date of such termination paid in a single lump sum (less applicable withholding taxes) for a period within sixty (60) days following termination of six (6) months from the date of such termination equal to the pro-rata portion of Executive’s Base Salary (as in effect immediately prior to Executive’s termination) and (B) Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedemployment.

Severance Payment. Executive will receive: (A) receive continuing payments of severance pay (less applicable withholding taxes) for a period of six twenty four (624) months from the date of such termination (the “Severance Period”) at a rate equal to the pro-rata portion of Executive’s Base Salary base salary rate (as in effect immediately prior to Executive’s termination(A) and the Change in Control, or (B) Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtermination, whichever is greater).

Severance Payment. Executive will receive: be entitled to (A) receive continuing payments of severance pay (less applicable withholding taxes) at a rate equal to Executive’s base salary rate, as then in effect, for a period of six twenty-four (624) months from the date of such termination equal termination, to be paid periodically in accordance with the pro-rata portion of ExecutiveCompany’s Base Salary (as in effect immediately prior to Executive’s termination) normal payroll policies; and (B) a lump-sum payment equal to 100% of Executive’s quarterly target annual bonus under as of the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which date of such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtermination.

Severance Payment. Executive will receive: (A) continuing payments of receive severance pay (less applicable withholding taxes) for a period of in an amount equal to six (6) months from the date of such termination equal to the pro-rata portion of Executive’s Base Salary (as in effect immediately prior to the date of Executive’s termination) termination of employment, less all required tax withholdings and (B) Executive’s quarterly bonus under other applicable deductions, which will be paid on the following schedule in accordance with the Company’s Named Executive Officer Bonus Policy and Plan for regular payroll procedures: (x) 1/3 as soon as practicable after the entire quarter in which such Executive’s termination occurred based of employment; (y) 1/3 on the achievement six (6) month anniversary of performance goals under such plan Executive’s termination of employment; and (z) 1/3 on the quarterly bonus that would have otherwise been earnedone (1) year anniversary of Executive’s termination of employment.

Severance Payment. Executive will receive: be entitled to (A) receive continuing payments of severance pay (less applicable withholding taxes) at a rate equal to Executive’s base salary rate, as then in effect (but ignoring any reduction in base salary rate that forms the basis for Good Reason), for a period of six eighteen (618) months following Executive’s Separation from Service; and (B) a lump-sum payment on the fifty-third (53rd) day following the Separation from Service equal to 100% of Executive’s target annual bonus as of the date of such termination equal to the pro-rata portion of Executive’s Base Salary (as in effect immediately prior to Executive’s termination) and (B) Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earned.

Severance Payment. Executive will be entitled to receive: ; (A) continuing payments of severance pay (less applicable withholding taxes) at a rate equal to his base salary rate, as then in effect, for a period of six (6) months from the date of such termination equal termination, to be paid periodically in accordance with the pro-rata portion of ExecutiveCompany’s Base Salary (as in effect immediately prior to Executive’s termination) normal payroll policies; and (B) a lump-sum payment equal to 100% of Executive’s quarterly target annual bonus under as of the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which date of such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtermination.

Severance Payment. Executive will be entitled to receive: ; (A) continuing payments of severance pay (less applicable withholding taxes) at a rate equal to his base salary rate, as then in effect, for a period of six nine (69) months from the date of such termination equal termination, to be paid periodically in accordance with the pro-rata portion of ExecutiveCompany’s Base Salary (as in effect immediately prior to Executive’s termination) normal payroll policies; and (B) a lump-sum payment equal to 100% of Executive’s quarterly target annual bonus under as of the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which date of such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtermination.

Severance Payment. Executive will be entitled to receive: (A) continuing payments of severance pay (less applicable withholding taxes) at a rate equal to his base salary rate, as then in effect, for a period of six twelve (612) months from the date of such termination equal termination, to be paid periodically in accordance with the pro-rata portion of ExecutiveCompany’s Base Salary (as in effect immediately prior to Executive’s termination) normal payroll policies ; and (B) Executive’s quarterly bonus a lump-sum payment equal to 100% of the Additional Payment if the termination that triggers severance payments under this Section 9(e) occurs prior to the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement end of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtwelve months following April 27, 2011.

Severance Payment. Executive will receive: (A) continuing payments of receive severance pay (less applicable withholding taxes) for in the form of a period of six lump sum payment equivalent to twelve (612) months from the date of such termination equal to the pro-rata portion of Executive’s Base Salary base salary (as in effect immediately prior to Executive’s termination(A) and the Change of Control, or (B) Executive’s quarterly bonus under the Company’s Named Executive Officer Bonus Policy and Plan for the entire quarter in which such termination occurred based on the achievement of performance goals under such plan and the quarterly bonus that would have otherwise been earnedtermination, whichever is greater).