Common use of Separation Payment Clause in Contracts

Separation Payment. The Company shall continue to pay you your base salary in effect at the time of termination of your employment with the Company for the Severance Period. Such Separation Payments will be subject to applicable state and federal tax withholdings and paid in accordance with the Company’s normal payroll practices; and

Appears in 6 contracts

Sources: Employment Agreement (Collegium Pharmaceutical, Inc), Employment Agreement (Collegium Pharmaceutical Inc), Employment Agreement (Collegium Pharmaceutical, Inc)