Cash Severance Contract Clauses (22)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains Cash Severance clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Cash Severance. A Covered Employee entitled to severance benefits under this Plan shall be entitled to the continuation of such employee's monthly Base Salary for the Severance Period indicated below ("Severance Pay"), based upon his or her title/role. Title/ Role of Covered Employee Non-Change in Control Termination Severance Period Change in Control Termination Severance Period Chief Executive Officer Twelve (12) months Twelve (12) months Other C-Level Officer or Senior Vice President Twelve (12) months Twelv...e (12) months -10- Vice President Six (6) months Nine (9) months For purposes of this Section 7 and Section 8 below, a Covered Employee's title/role shall be such employee's title/role immediately prior to the Covered Termination or, if such employee's title/role was changed in connection with the Change in Control, immediately prior to the Change in Control. View More Arrow
Found in Editas Medicine, Inc. contract
Cash Severance. A Covered Employee entitled to severance benefits under this Plan shall be entitled to the continuation of such employee's monthly Base Salary for the Severance Period indicated below ("Severance Pay"), based upon his or her title/role. Title/ Role 5 Title/Role of Covered Employee Non-Change in Control Termination Severance Period Change in Control Termination Severance Period Chief Executive Officer Twelve (12) 12 months Twelve (12) 18 months Other C-Level Officer or Senior 12 months 12 months ...Vice President Twelve (12) months Twelve (12) months -10- Vice President Presidents (of any level) who are not Other C-Level Officers Six (6) months Nine (9) months For purposes of this Section 7 and Section 8 below, a Covered Employee's title/role shall be such employee's title/role immediately prior to the Covered Termination or, if such employee's title/role was changed in connection with the Change in Control, immediately prior to the Change in Control. View More Arrow
Found in CATABASIS PHARMACEUTICALS INC contract
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Cash Severance. A Covered Employee who experiences a Non-Change of Control Termination or a Change of Control Termination, as applicable, shall be entitled to the cash severance benefits under this Plan as set forth in the table below based on the Covered Employee's title/role, with (a) the Base Salary portion of the cash severance being paid in accordance with the Company's regular payroll practices for the applicable Severance Period set forth below, commencing on the first payroll period occurring after the ...Release Effective Date (with the first installment including any portion of the Base Salary accrued between the termination date and such first payroll period) and (b) the Bonus portion of the cash severance being paid lump sum on the first payroll date after the Release Effective Date (collectively, "Severance Pay"). Title/ Role of Covered Employee Non-Change of Control Termination Severance Period Change of Control Termination Severance Period Chief Executive Officer Twelve (12) months Base Salary and 1x Bonus Twenty-four (24) months Base Salary and 2x Bonus C-level Employees, other than the Chief Executive Officer Twelve (12) months Base Salary and 1x Bonus Twelve (12) months Base Salary and 1x Bonus Covered Employees, other than the Chief Executive Officer and C-level Employees Nine (9) months Base Salary and 0.75x Bonus Nine (9) months Base Salary and 0.75x Bonus 6 For purposes of this Section 7 and Section 8 below, a Covered Employee's title/role shall be such employee's title/role immediately prior to the Covered Termination or, if such employee's title/role was changed in connection with the Change of Control, immediately prior to the Change of Control. View More Arrow
Found in AGIOS PHARMACEUTICALS INC contract
Cash Severance. A Covered Employee who experiences a Non-Change of Control Termination or a Change of Control Termination, as applicable, entitled to severance benefits under this Plan shall be entitled to the cash severance benefits under this Plan as set forth continuation of such employee's monthly Base Salary for the Severance Period and to the payment of such employee's Bonus for the year in the table below based on which the Covered Employee's title/role, with (a) the Base Salary portion of the cash sever...ance being paid in accordance with the Company's regular payroll practices for the applicable Severance Period set forth below, commencing on the first payroll period occurring after the Release Effective Date (with the first installment including any portion of the Base Salary accrued between the termination date and such first payroll period) and (b) the Bonus portion of the cash severance being paid lump sum on the first payroll date after the Release Effective Date Termination occurred (collectively, "Severance Pay"). Pay"), based upon his or her title/role, as indicated below. Title/ Role of Covered ofCovered Employee Non-Change of Control Termination Severance ofControl TerminationSeverance Period Change of Control Termination Severance ControlTerminationSeverance Period Chief Executive Officer Twelve (12) months Base Salary and 1x Bonus Twenty-four (24) months Base Salary and 2x Bonus C-level Employees, other than the Chief Executive Officer Twelve (12) months Base Salary and 1x Bonus Twelve (12) months Base Salary and 1x Bonus Covered Employees, other than the Chief Executive Officer and C-level Employees Nine (9) months Base Salary and 0.75x Bonus Nine (9) months Base Salary and 0.75x Bonus 6 For purposes of this Section 7 and Section 8 below, a Covered Employee's title/role shall be such employee's title/role immediately prior to the Covered Termination or, if such employee's title/role was changed in connection with the Change of Control, immediately prior to the Change of Control. View More Arrow
Found in AGIOS PHARMACEUTICALS INC contract
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