S▇▇▇▇▇▇▇▇ ▇▇▇ Clause Samples
S▇▇▇▇▇▇▇▇ ▇▇▇. If this Agreement is terminated by the Corporation without cause pursuant to Sections 7.a or 7.c (above), the Corporation shall pay Aber a severance fee equal to his monthly salary at his then-current rate of fixed salary compensation, multiplied by the greater of (i) the number of full months left until the end of the then-current employment term, or (ii) six (6), during which time Aber may elect to remain as an employee of the Corporation in a non-policy making role, devoting substantive productive time, and his options in DSPC shall continue to vest for the period of continuous employment, or shall be entitled to the severance without remaining as an employee. The above severance fee shall be payable in accordance with the Corporation's normal payroll practices. The Corporation shall pay Aber a severance fee equal to his monthly salary at his then-current rate of fixed salary compensation, multiplied by the number six (6) if this Agreement is terminated pursuant to Section 7.b (i) (above) or if Aber or the Corporation elects not to renew this Agreement. The Corporation shall pay Aber a severance fee equal to his monthly salary at his then-current rate of fixed salary compensation, multiplied by the number three (3), if Aber voluntarily elects to terminate his employment, unless the Corporation successfully claims that a termination in accordance with Sections 7.b (ii) or (iii) is in order. There shall be no severance in the event that this Agreement is terminated in accordance with Section 7.b (ii) or (iii).
S▇▇▇▇▇▇▇▇ ▇▇▇. If this Agreement is terminated without cause pursuant to Section 7.a. (above), the Corporation shall pay Gilo ▇ ▇▇▇▇▇▇▇▇▇/▇▇▇sulting fee equal to the full amount of the compensation that he could have expected under this Agreement, as and when payable under this Agreement, without deduction except for tax withholding amounts, through the end of the term, during which Gilo shall remain as a consultant to the Corporation. The Corporation shall pay Gilo ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ equal to his monthly salary at his then-current rate of fixed salary compensation, multiplied by the number six (6) if this Agreement is terminated pursuant to Section 7.b (i) (above) or if Gilo or the Corporation elects not to renew this Agreement. The Corporation shall pay Gilo ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ equal to his monthly salary at his then-current rate of fixed salary compensation, multiplied by the lesser of the number eighteen (18) or the number of months left in the original term of this Agreement as set forth herein plus nine (9), if Gilo voluntarily elects to terminate his employment, unless the Corporation successfully claims that a termination in accordance with Section 7. b(ii) and (iii) is in order, or if Gilo or the Corporation elects not to renew this Agreement. There shall be no severance in the event that this Agreement is terminated in accordance with Section 7.b (ii) and (iii).
S▇▇▇▇▇▇▇▇ ▇▇▇. The Company will pay to Ms. ▇▇▇▇▇▇▇▇▇ $▇▇1,537.50, less all applicable taxes and withholdings, as severance pay (an amount equivalent to 100% of Ms. ▇▇▇▇▇▇▇▇▇’▇ ▇▇▇e Salary plus 100% of her Target Bonus (as such terms are defined in the Employment Agreement)) (the “Severance Pay”). The Severance Pay will be paid in twelve equal installments beginning in the Company’s first payroll cycle following the end of the Consultation Period (as defined in the Consulting Agreement); provided, however, that if Ms. ▇▇▇▇▇▇▇▇▇’▇ ▇▇▇loyment ends on the Early Termination Date, the Severance Pay installments shall, in accordance with Section 3 of this Agreement, begin in the Company’s first payroll cycle following the expiration of the Additional Release’s revocation period.
S▇▇▇▇▇▇▇▇ ▇▇▇. If this Agreement is terminated by the Corporation without cause pursuant to the first sentence in Section 7.a (above), the Corporation shall pay Arditi a severance fee equal to his monthly salary at his then current rate of fixed salary compensation, multiplied by the number six (6). There shall be no severance in the event that this Agreement is terminated in accordance with Section 7.b. If Arditi voluntarily terminates his employment, he shall not be entitled to any severance unless he gives the Corporation at least four (4) months' written notice and actively works to train a successor and provides the Corporation with a list of all of his marketing contacts and current projects ("Arditi Cooperation"). In the event of Arditi's voluntary termination and Arditi Cooperation, Arditi shall be entitled to a severance fee equal to his monthly salary at his then current rate of fixed salary compensation, multiplied by the number four (4).