Common use of Xxxxxxxxx Payments Clause in Contracts

Xxxxxxxxx Payments. The Company will make a lump sum severance payment to you of $350,000.00, reflecting twelve (12) months of the base salary in effect on the Separation Date. This payment will be subject to standard payroll deductions and withholdings and will be made within fourteen (14) days following the “Effective Date” as defined below, provided the Company has received the executed Agreement from you on or before that date.

Appears in 2 contracts

Samples: Separation Agreement (AppHarvest, Inc.), Separation Agreement (AppHarvest, Inc.)

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Xxxxxxxxx Payments. The Company will make a one-time, lump sum severance payment to you of $350,000.00726,570, reflecting twelve (12) months of the which is equivalent to eighteen times your monthly base salary in effect on the Separation Date. This payment will be , subject to standard payroll deductions and withholdings and withholdings. This payment will be made within fourteen (14) days on the first regularly scheduled pay date following the Release Effective Date” Date (as defined below, provided in the Company has received the executed Agreement from you on or before that dateSeparation Date Release).

Appears in 1 contract

Samples: Employment Agreement (Eliem Therapeutics, Inc.)

Xxxxxxxxx Payments. The Company will make a one-time, lump sum severance payment to you of $350,000.001,404,000, reflecting twelve (12) months of the which is equivalent to twenty-four times your base monthly salary in effect on the Separation Date. This payment will be Date subject to standard payroll deductions and withholdings and withholdings. The payment will be made within fourteen (14) days on the first regularly scheduled pay date following the Effective Date” Date (as defined below, provided the Company has received the executed Agreement from you on or before that date.). xxxxxxx.xxx 1

Appears in 1 contract

Samples: Employment Agreement (Eliem Therapeutics, Inc.)

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Xxxxxxxxx Payments. The Company will make a one-time, lump sum severance payment to you of $350,000.00726,570, reflecting twelve (12) months of the which is equivalent to eighteen times your monthly base salary in effect on the Separation Date. This payment will be , subject to standard payroll deductions and withholdings and withholdings. This payment will be made within fourteen (14) days on the first regularly scheduled pay date following the Release Effective Date” Date (as defined below, provided in the Company has received the executed Agreement from you on or before that date.Separation Date Release). xxxxxxx.xxx 2

Appears in 1 contract

Samples: Employment Agreement (Eliem Therapeutics, Inc.)

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