Severance Compensation

Severance Compensation. The "Severance Compensation" shall be: (i) A lump sum amount equal to 299% of Executive's average annual compensation reported on his Form W-2 paid by the Company includable in gross income for the five most recent full calendar years that Executive has been an employee of the Company (or such fewer full calendar years if Executive has... been an employee less than five full calendar years) prior to the Change in Control; provided, however, that if on the date of determination, Executive has not been an employee of the Company for a full calendar year, such lump sum amount will equal 299% of Executive's then current base salary (excluding bonus and incentive compensation) annualized; and (ii) For a period of 36 months, provide Executive with benefits substantially similar to those which Executive was entitled to receive immediately prior to the date of termination under all of the Company's "employee welfare benefit plans" within the meaning of Section 3(1) of The Employee Retirement Income Security Act of 1974, as amended. View More

Severance Compensation. 50% of the annual variable bonus amount established by the Compensation Committee of the Company's board of directors for the year in which termination occurs plus 50% of the Employee's Base Salary for such year.

Severance Compensation. 100% of the Employee's Base Salary on the effective date of termination and the Agreed Bonus Target in effect on the effective date of termination.

Severance Compensation. The "Severance Compensation" shall be a lump sum amount equal to 299% of the sum of (A) the highest annual salary of the Executive in effect at any time during the Term of this Agreement, or the salary of the Executive in effect immediately prior to the Change in Control, whichever is the larger amount, plus (B) the amount of the bonus or incentive compensation targeted for payment to the Executive for the fiscal year during which the Change in Control occurs.

Severance Compensation. The "Severance Compensation" shall be a lump ---------------------- sum amount equal to the sum of (A) the highest annual salary of the Executive in effect at any time during the Employment Term or the salary of the Executive in effect immediately prior to the Change of Control, whichever is the larger amount, plus ---- (B) the bonus or incentive compensation of the Executive, based upon the dollar amount... of the largest of (i) the bonus or incentive compensation that the Executive received from the Company for the fiscal year preceding the year in which the Change of Control occurred, (ii) the bonus or incentive compensation that the Executive received from the Company for the fiscal year preceding the year in which the Termination Date occurs, (iii) the bonus or incentive compensation that the Executive could have received based on his maximum bonus or incentive compensation potential under the applicable Company plan for the fiscal year preceding the year in which the Change of Control occurred and (iv) the bonus or incentive compensation that the Executive could have received based on his maximum bonus or incentive compensation potential under the applicable Company plan for the fiscal year preceding the year in which the Termination Date occurs. View More

Severance Compensation. Severance Compensation shall be paid to the Executive in a lump-sum payment as soon as practically possible following a Covered Termination.

Severance Compensation. Severance compensation shall be the sum of the following two amounts, payable over a twelve-month period in equal semi-monthly installments: (1) Five-twelfths (5/12ths) of one hundred fifty thousand dollars ($150,000) plus Five-twelfths (5/12ths) of three hundred thousand dollars ($300,000), which represents the remaining severance compensation payments due pursuant to Section 4.1 of the Employment Agreement between the Executive and the Company dated July 1, 2003 (the "2003 Employment... Agreement") and (2) seventy-five thousand dollars ($75,000) for each month the executive serves as chief executive officer of the company beginning on May 2, 2005. The maximum severance compensation the Executive shall be entitled to receive shall be nine hundred thousand dollars ($900,000). View More

Severance Compensation. The greater of (i) 100% of the Annual Variable Bonus amount established by the Compensation Committee of the Company's board of directors for the fiscal year in which termination or Change of Control occurs plus 100% of the Employee's Base Salary for such fiscal year or (ii) the highest Annual Variable Bonus paid to the Employee for any of the three fiscal years ended prior to the termination date or Change of Control plus the highest Base Salary paid to the Employee for any of the three fiscal... years ended prior to the termination date or Change of Control. View More

Severance Compensation. Means an amount equal to 100% of Executive's annual Base Salary (at the highest rate in effect for the six month period immediately prior to the date of termination). In addition, NMHC also shall pay (until the end of the COBRA Period) (i) COBRA payments in respect of the continuation of health benefits for Executive, Executive's spouse and Executive's children and (ii) payments to fund dental coverage for Executive, Executive's spouse and Executive's children comparable to the dental coverage... that they would have received if Executive had continued as an employee of NMHC. View More

Severance Compensation. Two (2) times Base Compensation.