Severance Payment. In circumstances not involving a Change in Control, and in the event that Executive’s employment with the Company is involuntarily terminated (other than an involuntary termination by the Company for Cause) or by the Executive for Good Reason, the Executive shall be entitled to receive ​ year’s annual base salary (the “Severance Payment”). In the event that a salary reduction is Executive’s Good Reason for termination, then Executive’s annual base salary for purposes of the Severance Payment shall be Executive’s annual base salary in effect prior to such reduction. The Company shall pay the Severance Payment to the Executive no later than the 60th day immediately following Executive’s employment terminating in accordance with the first sentence; however, if such 60-day period straddles two calendar years, then the Company shall pay the Severance Payment in the second of such calendar years. The Severance Payment is contingent upon the Executive timely executing a release of any and all claims against the Company and any revocation period specified therein expiring without the Executive revoking such release.

Severance Payment. Executive will be paid an amount equal to [eighteen (18) months][twelve (12) months] Executive’s Annual Salary plus Executive’s Target Bonus in effect immediately prior [[Organization A:Organization]] Date of Termination, in a lump sum within sixty (60) days following the Date of Termination.

Severance Payment. Within three (3) business days after June 1, 2020, Executive shall be paid the sum of $100,000 less applicable withholding taxes as determined by the Company. If the Company fails to make this payment, this Agreement shall be void ab initio.

Severance Payment. Executive shall be entitled to receive a lump-sum cash payment in an amount equal to two hundred percent (200%) of the Executive's annual base salary. Such severance payment will be made on the sixtieth (60th) day following the date of Executive’s termination of employment.

Severance Payment. If # the Company does not renew the Agreement at the end of the Original Term or any Renewal Term, # the Employment is terminated by the Company other than for Cause or # the Executive resigns for Good Reason, then:

Severance Payment. In consideration of Employee’s acceptance of this Agreement and subject to Employee meeting in full Employee’s obligations hereunder, including Employee’s obligation to execute a post-employment general release and waiver of claims in the form attached hereto as Exhibit A (the “Post-Employment Release”), and in full consideration of any rights he may have under the Employment Agreement, [[SMTC:Organization]] will pay to Employee the amount of $323,100, equal to fifty-two (52) week(s) of his final base salary, as severance and consideration for entering into this Agreement with [[SMTC:Organization]]. Such payment will be made in equal periodic installments, beginning the first regularly scheduled pay date after the effective date of the Release, in accordance with [[SMTC:Organization]]’s customary payroll practices (including required withholding and deductions).

Severance Payment. Without limiting the provisions of the foregoing Section, assuming Key Employee’s employment with the Company shall have been continuous from Key Employee’s start date through the occurrence of the applicable event, and provided Key Employee executes and delivers to the Company, within twenty-one (21) days (or, to the extent required by law, forty-five (45) days) following the termination date (with any revocation periods having expired without any revocations by Key Employee), a separation agreement that includes a general release of claims against the Company and persons affiliated with the Company substantially in the form attached hereto as [Exhibit A] (the “Release”), then:

Severance Payment. Without limiting the provisions of the foregoing Section, assuming Key Employee’s employment with the Company shall have been continuous from Key Employee’s start date through the occurrence of the applicable event, and provided Key Employee executes and delivers to the Company, within twenty-one (21) days (or, to the extent required by law, forty-five (45) days) following the termination date (with any revocation periods having expired without any revocations by Key Employee), a separation agreement that includes a general release of claims against the Company and persons affiliated with the Company substantially in the form attached hereto as Exhibit A (the “Release”), then:

Severance Payment. The Company agrees to pay Employee a lump sum equivalent to twelve (12) months of Employee’s base salary, for a total of four hundred seventy-four thousand five hundred dollars ($474,500.00), less applicable withholdings. This payment will be made to Employee within ten (10) business days after the Effective Date of this Agreement.

Severance Payment. Without limiting the provisions of the foregoing [Section 5], assuming Key Employee’s employment with the Company shall have been continuous from Key Employee’s start date through the occurrence of the applicable event and Key Employee executes and delivers, within twenty-one (21) days (or, to the extent required by law, forty-five (45) days) following the termination date, a general release of claims against the Company or persons affiliated with the Company (with any revocation periods having expired) substantially in the form as set forth on Exhibit A attached hereto (a “Release”), then: