Example ContractsClausesSalary Severance
Salary Severance
Salary Severance contract clause examples

Salary Severance. The Company will provide the Executive with severance payments over the 6 month period following the Non-CIC Qualified Termination in an aggregate amount equal to 50% of the Executive’s Base Salary; provided that if the Non-CIC Qualified Termination is on account of the Executive’s death or Disability, the Executive still instead receive a one-time lump-sum payment equal to 50% of the Executive’s Base Salary.

Salary Severance. If the Qualifying Non-CIC Termination occurs prior to December 31, 2019, a single, lump sum payment equal to three (3) months of the Executive’s Salary (as defined below), less applicable withholdings, and if the Qualifying Non-CIC Termination occurs on or following December 31, 2019, a single, lump sum payment equal to six (6) months of the Executive’s Salary (as defined below), less applicable withholdings.

Salary Severance. A single, lump sum, cash payment equal to seventy‑five percent (75%) of Executive’s Salary.

Salary Severance. A single, lump sum payment equal to twelve (12) months of the Executive’s Salary, less applicable withholdings.

Salary Severance. A single, lump sum, cash payment equal to one hundred percent (100%) of Executive’s Salary.

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s Base Salary, at the highest rate in effect during the Term, for twelve (12) months from the date of Executive’s termination of employment, which will be paid in accordance with the Company’s regular payroll procedures.

Salary Severance. A lump sum severance payment equal to twelve (12) months of Executive’s Base Salary, at the highest rate in effect during the Employment Term, which will be paid in accordance with the Company’s regular payroll procedures.

Salary Severance. A lump-sum payment equal to 100% of the Executive’s Base Salary.

Salary Severance. A lump sum severance payment equal to twelve (12) months of Executive’s Base Salary, at the highest rate in effect during the Employment Term, which will be become payable upon Executive’s termination of employment and will be paid in accordance with the Company’s regular payroll procedures.

Salary Severance. Continuing payments of severance pay at a rate equal to Executive’s Base Salary, at the highest rate in effect during the Term, for six (6) months from the date of Executive’s termination of employment, which will be paid in accordance with the Company’s regular payroll procedures.

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