Common use of Salary Severance Payment Clause in Contracts

Salary Severance Payment. Executive shall receive, as severance, an amount equal to Executive’s Base Salary for twelve (12) months, payable in a single lump sum on the first regularly scheduled payroll pay date following the effective date of the Release, subject to any delay in payment required by Section 5.5.

Salary Severance Payment. Executive shall receive, as severance, an amount equal to Executive’s 's Base Salary for twelve (12) months, payable in a single lump sum on the first regularly scheduled payroll pay date following the effective date of the Release, subject to any delay in payment required by Section 5.5.

Salary Severance Payment. Executive shall receive, as severance, an amount equal to Executive’s Base Salary for twelve eighteen (1218) months, payable in a single lump sum on the first regularly scheduled payroll pay date following the effective date of the Release, subject to any delay in payment required by Section 5.5.