Common use of Base Salary Severance Clause in Contracts

Base Salary Severance. Executive will receive a base salary severance payment in an amount equal to twelve (12) months of base salary at Executive’s Base Salary Rate. The base salary severance payment shall be paid to Executive in a single lump-sum within thirty (30) days following the Release Deadline.

Appears in 5 contracts

Samples: Control and Severance Agreement (Cortexyme, Inc.), Control and Severance Agreement (Cortexyme, Inc.), Control and Severance Agreement (Cortexyme, Inc.)

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Base Salary Severance. Executive will receive a base salary severance payment in an amount equal to twelve (12) months of base salary at Executive’s Base Salary Rate. The base salary severance payment shall be paid to Executive at Executive’s Base Salary Rate in a single lump-sum within thirty (30) accordance with the Company’s normal payroll practices on the Company’s regularly scheduled payroll dates commencing with the first regularly scheduled payroll date that occurs at least 8 days following the Release Deadline, with the first payment being equal to the number of business days between Executive’s last day of employment and the date of the first payment multiplied by Executive’s daily Base Salary Rate.

Appears in 1 contract

Samples: Control and Severance Agreement (Cortexyme, Inc.)

Base Salary Severance. Executive will receive a base salary severance payment in an amount equal to twelve eighteen (1218) months of base salary at Executive’s 's Base Salary Rate. The base salary severance payment shall be paid to Executive in a single lump-sum within thirty (30) days following the Release Deadline.

Appears in 1 contract

Samples: Control and Severance Agreement (Quince Therapeutics, Inc.)

Base Salary Severance. Executive will receive a base salary severance payment in an amount equal to twelve six (126) months of base salary at Executive’s Base Salary Rate. The base salary severance payment shall be paid to Executive in a single lump-sum within thirty (30) days following the Release Deadline.

Appears in 1 contract

Samples: Control and Severance Agreement (Cortexyme, Inc.)

Base Salary Severance. Executive will receive a base salary severance payment in an amount equal to twelve eighteen (1218) months of base salary at Executive’s Base Salary Rate. The base salary severance payment shall be paid to Executive in a single lump-sum within thirty (30) days following the Release Deadline.

Appears in 1 contract

Samples: Control and Severance Agreement (Cortexyme, Inc.)

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Base Salary Severance. Executive will receive a base salary severance payment in an amount equal to twelve seventy-five percent (1275%) months of base salary at Executive’s Annual Base Salary RateSalary. The base salary severance payment shall be paid to Executive in a single lump-sum within thirty (30) by a date that is no later than eight days following the Release Deadline.

Appears in 1 contract

Samples: Control and Severance Agreement (Getaround, Inc)

Base Salary Severance. Executive will receive a base salary severance payment in an amount equal to twelve (12) months ____________ of base salary at Executive’s Base Salary Rate. The base salary severance payment shall be paid to Executive in a single lump-sum within thirty (30) days following the Release Deadline.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Cortexyme, Inc.)

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