Example ContractsClausesSalary and Pro-Rata Bonus Payment
Salary and Pro-Rata Bonus Payment
Salary and Pro-Rata Bonus Payment contract clause examples

Salary and Pro-Rata Bonus Payment. In consideration of Executive’s execution and non-revocation of the Release by the Release Deadline Date in a form provided by the Company and in accordance with [Article 4], the Company shall pay Executive a severance payment equal to # the sum of Executive’s Monthly Base Salary and Pro-Rata Bonus multiplied by # the number of months in the Change in Control Severance Period, less applicable withholdings. The severance payment shall be payable (except as set forth in [Article 5]) in a lump sum on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date.

Salary and Pro-Rata Bonus Payment. In consideration of Executive’s execution and non-revocation of the Release by the Release Deadline Date, in a form provided by the Company and in accordance with [Article 5], the Company shall pay Executive a severance payment equal to # the sum of Executive’s Monthly Base Salary and Pro-Rata Bonus multiplied by # the number of months in the Covered Termination Severance Period, less applicable withholdings. “Covered Termination Severance Period” means the period of twelve (12) months commencing on the Termination Date. The severance payment shall be payable (except as set forth in [Article 5]) in accordance with the Company’s standard payroll procedure commencing on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date.

Salary and Pro Rata Bonus Payment. The Company shall pay Executive, as cash severance, # the sum of Executive’s Monthly Base Salary and Pro Rata Bonus, multiplied by # the number of months in the Covered Termination Severance Period, less applicable payroll deductions and withholdings (the “Severance”). The Severance shall be paid (except as set forth in Section 4) in equal installments on the Company’s ordinary payroll cycle commencing on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date (as set forth in Section 4.1).

Salary and Pro-Rata Bonus Payment. The Company shall pay Executive, as cash severance, # the sum of Executive’s Monthly Base Salary and Pro-Rata Bonus, multiplied by # the number of months in the Covered Termination Severance Period, less applicable payroll deductions and withholdings (the “Severance”). The Severance shall be paid (except as set forth in Section 4) in equal installments on the Company’s ordinary payroll cycle commencing on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date (as set forth in Section 4.1).

Salary and Pro-Rata Bonus Payment. In consideration of Executive’s execution and non-revocation of the Release by the Release Deadline Date in a form provided by the Company and in accordance with [Article 4], the Company shall pay Executive a severance payment equal to # the sum of Executive’s Monthly Base Salary and Pro-Rata Bonus multiplied by # the number of months in the Change in Control Severance Period, less applicable withholdings. The severance payment shall be payable (except as set forth in [Article 5]) in a lump sum on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date.

Salary and Pro-Rata Bonus Payment. In consideration of Executive’s execution and non-revocation of the Release by the Release Deadline Date, in a form provided by the Company and in accordance with [Article 5], the Company shall pay Executive a severance payment equal to # the sum of Executive’s Monthly Base Salary and Pro-Rata Bonus multiplied by # the number of months in the Covered Termination Severance Period, less applicable withholdings. “Covered Termination Severance Period” means the period of nine (9) months commencing on the Termination Date. The severance payment shall be payable (except as set forth in [Article 5]) in accordance with the Company’s standard payroll procedure commencing on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date.

Salary and Pro-Rata Bonus Payment. The Company shall pay Executive, as cash severance, # the sum of Executive’s Monthly Base Salary and Pro-Rata Bonus, multiplied by # the number of months in the Change in Control Severance Period, less applicable payroll deductions and withholdings (the “Change in Control Severance”). The Change in Control Severance shall be paid (except as set forth in Section 4) in equal installments on the Company’s ordinary payroll cycle commencing on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date.

Salary and Pro-Rata Bonus Payment. In consideration of Executive’s execution and non-revocation of the Release by the Release Deadline Date, in a form provided by the Company and in accordance with [Article 5], the Company shall pay Executive a severance payment equal to # the sum of Executive’s Monthly Base Salary and Pro-Rata Bonus multiplied by # the number of months in the Covered Termination Severance Period, less applicable withholdings. “Covered Termination Severance Period” means the period of twelve (12) months commencing on the Termination Date. The severance payment shall be payable (except as set forth in [Article 5]) in accordance with the Company’s standard payroll procedure commencing on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date.

Salary and Pro-Rata Bonus Payment. In consideration of Executive’s execution and non-revocation of the Release by the Release Deadline Date, in a form provided by the Company and in accordance with Article 5, the Company shall pay Executive a severance payment equal to # the sum of Executive’s Monthly Base Salary and Pro-Rata Bonus multiplied by # the number of months in the Change in Control Severance Period, less applicable withholdings. The severance payment shall be payable (except as set forth in Article 5) in a lump sum on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date.

Salary and Pro-Rata Bonus Payment. In consideration of Executive’s execution and non-revocation of the Release by the Release Deadline Date in a form provided by the Company and in accordance with [Article 4], the Company shall pay Executive a severance payment equal to # the sum of Executive’s Monthly Base Salary and Pro-Rata Bonus multiplied by # the number of months in the Change in Control Severance Period, less applicable withholdings. The severance payment shall be payable (except as set forth in [Article 5]) in a lump sum on the first regularly-scheduled payroll date occurring on or after the Release Deadline Date.

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