Key Manager Payment

Key Manager Payment. Means with respect to any Key Manager, (i) an amount equal to 150% of such Key Manager's Base Compensation for the year in which the Key Manager Payment is to be made plus (ii) such Key Manager's Additional Compensation plus (iii) an amount equal to the greater of such Key Manager's most recent annual Bonus (including Bonus payments made by the Company or its predecessors and whether or not paid at the time of the Change in Control) or the Projected Annual Bonus for the calendar year in which... the Change in Control occurs. View More