Regular Employee Payment

Regular Employee Payment. With respect to any Regular Employee, means an amount equal to (i) one-half of such Regular Employee's Base Compensation for the year in which the Regular Employee Payment is to be made plus (ii) such Regular Employee's Additional Compensation plus (iii) an amount equal to the greater of one-half of such Regular Employee'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 one-half of the... Projected Annual Bonus for the calendar year in which the Change in Control occurs. View More