Common use of Base Salary Severance Clause in Contracts

Base Salary Severance. Executive will receive a lump sum severance payment equal to one hundred percent (100%) of Executive’s base salary as in effect immediately prior to Executive’s termination of employment (unless the termination occurs as a result of clause (iii) of the definition of “Good Reason” under Section 6(d) below, in which case the amount will be equal to Executive’s annual base salary in effect prior to such reduction) or, if greater, at the level in effect immediately prior to the Change in Control, less applicable withholdings, payable within thirty (30) days following the date of Executive’s termination of employment.

Appears in 2 contracts

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

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Base Salary Severance. Executive will receive a lump sum severance payment equal to one hundred twenty five percent (100125%) of Executive’s base salary as in effect immediately prior to Executive’s termination of employment (unless the termination occurs as a result of clause (iiiii) of the definition of “Good Reason” under Section 6(d6(c) below, in which case the amount will be equal to Executive’s annual base salary in effect prior to such reduction) or, if greater, at the level in effect immediately prior to the Change in Control, less applicable withholdings, payable within thirty forty-five (3045) days following the date of Executive’s termination of employment.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Realnetworks Inc)

Base Salary Severance. Executive will receive a lump sum severance payment equal to one hundred percent (100%) of Executive’s annual base salary as in effect immediately prior to Executive’s termination of employment (unless the termination occurs as a result of clause (iii) of the definition of “Good Reason” under Section 6(d7(c) below, in which case the amount will be equal to Executive’s annual base salary in effect prior to such reduction) or, if greater, at the level in effect immediately prior to the Change in Control, less applicable withholdings, payable within thirty (30) days following the date of Executive’s termination of employment.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Isilon Systems, Inc.)

Base Salary Severance. Executive will receive a lump sum severance payment equal to one hundred percent (100%) of Executive’s base salary as in effect immediately prior to Executive’s termination of employment (unless the termination occurs as a result of clause (iiiii) of the definition of “Good Reason” under Section 6(d) below, in which case the amount will be equal to Executive’s annual base salary in effect prior to such reduction) or, if greater, at the level in effect immediately prior to the Change in Control, less applicable withholdings, payable within thirty (30) days following the date of Executive’s termination of employment.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Endocyte Inc)

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Base Salary Severance. Executive will receive a lump sum severance payment equal to one hundred fifty percent (10050%) of Executive’s annual base salary as in effect immediately prior to Executive’s termination of employment (unless the termination occurs as a result of clause (iii) of the definition of “Good Reason” under Section 6(d7(c) below, in which case the amount will be equal to Executive’s annual base salary in effect prior to such reduction) or, if greater, at the level in effect immediately prior to the Change in Control, less applicable withholdings, payable within thirty (30) days following the date of Executive’s termination of employment.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Isilon Systems, Inc.)

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