Final Pay
Final Pay. The sum of (1) the greater of (A) the Eligible Employee's annual base salary in effect immediately prior to the Change of Control, or (B) the Eligible Employee's annual base salary in effect at the time employment terminates, and (2) the greater of (A) the Eligible Employee's targeted cash bonus for the year immediately prior to the year in which the Change of Control occurs, (B) the Eligible Employee's targeted cash bonus for the year in which employment terminates or (C) the actual cash bonus...
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Found in
Trex Company, Inc. contract