Change in Control Payment
Change in Control Payment. Equivalent of thirty-six (36) months of the Executive's then-current salary, plus the Executive's eligible Annual Incentive Plan (AIP) bonus applicable to the year in which the Separation Date occurs at the Target amount
Found in
Protective Insurance Corp contract
Change in Control Payment. Two times the higher of (i) Employee's annual base salary in effect on the date of the Change in Control or (ii) Employee's highest annual base salary during the term of Employee's employment with the Company.
All Definitions
Found in
ZIX CORP contract