Change of Control Benefit

Example Definitions of "Change of Control Benefit"
Change of Control Benefit. With respect to a Change of Control, a lump sum cash payment in an amount equal to the annual base salary being paid to the Executive by all members of the Controlled Group immediately prior to his termination of employment with all members of the Controlled Group; provided, however, that if the Executive was receiving an annual base salary at any time during the two year period immediately prior to such date of termination that was higher than such annual base salary, such higher annual base... salary shall be used to determine the Executive's Change of Control Benefit. View More
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