Change of Control Payment

Change of Control Payment. Means a cash payment in an amount equal to 12 month's salary (based on Executive's Base Salary at the time of such termination), plus payment for all accrued and unused vacation time.

Change of Control Payment. Means a lump sum cash payment to the Executive by the Company in an amount which equals two (2) times the Executive's Base Salary for the year in which the termination occurs plus two (2) times the amount equal to the last Annual Bonus awarded to the Executive during the year prior to a Change of Control.

Change of Control Payment. Shall equal two times the Officer's base salary, exclusive of bonus and other remuneration. A Change of Control Payment shall be subject to the reduction requirement as set forth in Section 5 of this Agreement.

Change of Control Payment. Means a lump sum cash payment to the Executive by the Company in an amount which equals the product of (x) the greater of 12 or the number of full months remaining in the Term after the Change of Control, but not more than 24, times (y) the sum of Executive's monthly Base Salary for the year in which the Change of Control occurs, plus one twelfth of either the Guaranteed 2006 Bonus or, if the Change of Control occurs in 2007 or later, the last Annual Bonus awarded to the Executive for the... fiscal year prior to the year in which the Change of Control occurs. View More

Change of Control Payment. Means a lump sum cash payment to the Executive under the conditions set forth in Sections 1(g) and 6 of that employment agreement entered into on October 14, 2005 by and between James R. Foster and BankUnited Financial Corporation (the "BankUnited Agreement") and shall include a qualifying disposition of the Bank. In the event of a Change of Control, Executive's entitlements and the Bank's obligations will be as set forth in the BankUnited Agreement.

Change of Control Payment. Means a lump sum cash payment to the Executive by the Bank in an amount which equals the sum of the Executive's Base Salary for the fiscal year in which the Change in Control occurs plus the amount equal to the last Annual Bonus awarded to the Executive for the fiscal year prior to a Change of Control plus the amount equal to the Incentive Fee paid to the Executive for the twelve (12) months of the fiscal year prior to the Change of Control.

Change of Control Payment. The words and terms "Date of Termination," "Disability," "Disability Effective Date," "Notice of Termination," "Change of Control Payment" and "Vested Benefits," shall have the same meanings as set forth in Section 1 of the BankUnited Agreement.

Change of Control Payment. (i) a cash severance payment equal to six (6) months of the Employee's base salary and (ii) a continuation of benefits for that same period, each as in effect at the time of the Payment Triggering Event.

Change of Control Payment. Means a cash payment in an amount equal to the greater of (x) the salary that would have been paid to Executive during the balance of the Term, or (y) 12 month's salary (in each case, based on Executive's monthly salary at the time of such termination), plus payment for all accrued and unused vacation time. In the event that the Change of Control occurs on or before December 31, 2013 and the Corporation's shareholders receive $6.00 or more per share in the Change of Control transaction, the... foregoing reference to 12 month's salary payment shall be increased to 18 months of salary. View More

Change of Control Payment. Means a cash payment in an amount equal to the greater of (x) the salary that would have been paid to Executive during the balance of the Term, or (y) 12 month's salary (in each case, based on Executive's monthly salary at the time of such termination), plus payment for all accrued and unused vacation time.