Common use of Salary Continuance Clause in Contracts

Salary Continuance. Executive shall receive, as severance, an amount equal to Executive’s Base Salary and Pro-Rata Bonus for that number of months in the Covered Termination Severance Period, payable over such number of months immediately following the Termination Date in accordance with FivePrime’s payroll schedule then in effect. Except as set forth in Article 4, the payments provided for in this Section 3.2 shall commence with the first regularly scheduled payroll pay date following the Termination Date.

Appears in 5 contracts

Samples: Executive Severance Benefits Agreement (Five Prime Therapeutics Inc), Severance Benefits Agreement (Five Prime Therapeutics Inc), Executive Severance Benefits Agreement (Five Prime Therapeutics Inc)

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Salary Continuance. Executive shall receive, as severance, an amount equal to Executive’s Base Salary and Pro-Rata Bonus for that number of months in the Covered Termination Change in Control Severance Period, payable over such number of months immediately following the Termination Date in accordance with FivePrime’s payroll schedule then in effect. Except as set forth in Article 4, the payments provided for in this Section 3.2 2.2 shall commence with the first regularly scheduled payroll pay date following the Termination Date.

Appears in 5 contracts

Samples: Executive Severance Benefits Agreement (Five Prime Therapeutics Inc), Severance Benefits Agreement (Five Prime Therapeutics Inc), Executive Severance Benefits Agreement (Five Prime Therapeutics Inc)

Salary Continuance. Executive shall receive, as severance, an amount equal to Executive’s Base Salary and Pro-Rata Bonus for that number of months in the Covered Termination Change in Control Severance Period, payable over such number of months immediately following the Termination Date in accordance with FivePrimethe Company’s payroll schedule then in effect. Except as set forth in Article 4, the payments provided for in this Section 3.2 2.2 shall commence with the first regularly scheduled payroll pay date following the Termination Date.

Appears in 4 contracts

Samples: Executive Severance Benefits Agreement (Five Prime Therapeutics Inc), Executive Severance Benefits Agreement (Five Prime Therapeutics Inc), Executive Severance Benefits Agreement (Five Prime Therapeutics Inc)

Salary Continuance. Executive shall receive, as severance, an amount equal to Executive’s Base Salary and Pro-Rata Bonus for that number of months in the Covered Termination Severance Period, payable over such number of months immediately following the Termination Date in accordance with FivePrimethe Company’s payroll schedule then in effect. Except as set forth in Article 4, the payments provided for in this Section 3.2 shall commence with the first regularly scheduled payroll pay date following the Termination Date.

Appears in 4 contracts

Samples: Executive Severance Benefits Agreement (Five Prime Therapeutics Inc), Executive Severance Benefits Agreement (Five Prime Therapeutics Inc), Executive Severance Benefits Agreement (Five Prime Therapeutics Inc)

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Salary Continuance. Executive shall receive, as severance, an amount equal to Executive’s Base Salary and Pro-Rata Bonus for that number of months in the Covered Termination Severance Period, payable over such number of months immediately following the Termination Date in accordance with FivePrimethe Company’s payroll schedule then in effect. Except as set forth in Article 4, the payments provided for in this Section 3.2 shall commence with the first regularly scheduled payroll pay date following the later of the Termination DateDate and the effective date of the Release.

Appears in 2 contracts

Samples: 2007 Executive Severance Benefits Agreement (Five Prime Therapeutics Inc), 2007 Executive Severance Benefits Agreement (Five Prime Therapeutics Inc)

Salary Continuance. Executive shall receive, as severance, an amount equal to Executive’s Base Salary and Pro-Rata Bonus for that number of months in the Covered Termination Change in Control Severance Period, payable over such number of months immediately following the Termination Date in accordance with FivePrimethe Company’s payroll schedule then in effect. Except as set forth in Article 4, the payments provided for in this Section 3.2 2.2 shall commence with the first regularly scheduled payroll pay date following the later of the Termination DateDate and the effective date of the Release.

Appears in 2 contracts

Samples: 2007 Executive Severance Benefits Agreement (Five Prime Therapeutics Inc), 2007 Executive Severance Benefits Agreement (Five Prime Therapeutics Inc)

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