Change in Control Compensation

Change in Control Compensation. Means a lump sum payment in an amount equal to 150% of Executive's annual Base Salary (at the highest rate in effect during the period beginning six months immediately prior to the effective date of the Change in Control through the date of termination). In addition, as part of the Change in Control Compensation, NMHC also shall pay (in periodic installments until the end of the COBRA Period) (i) COBRA payments in respect of the continuation of health benefits for Executive, Executive's spouse... and Executive's children and (ii) payments to fund dental coverage for Executive, Executive's spouse and Executive's children comparable to the dental coverage that they would have received if Executive had continued as an employee of NMHC. View More