Severance Multiple

Example Definitions of "Severance Multiple"
Severance Multiple. 2.0; provided, however, that notwithstanding the foregoing, for each full month that elapses during the period beginning on the date the Executive attains age sixty-three (63) and ending on the date the Executive attains age sixty-five (65), the Severance Multiple shall be reduced by an amount equal to the product of (i) 1/24 and (ii) the excess of (A) the original Severance Multiple set forth above over (B) 1.0 (rounded to the nearest hundredth)
Severance Multiple. 2.0; Shall mean 2.75; provided, however, that notwithstanding the foregoing, for each full month that elapses during the period beginning on the date the Executive attains age sixty-three (63) 63 and ending on the date the Executive attains age sixty-five (65), 65, the Severance Multiple shall be reduced by an amount equal to the product of (i) 1/24 and (ii) the excess of (A) the original Severance Multiple set forth above over (B) 1.0 (rounded to the nearest hundredth) hundredth).
View Variation
Severance Multiple. With respect to a Level 1 Employee, one (1); with respect to a Level 2 Employee, three quarters (.75); with respect to a Level 3 Employee, one half (0.5)
Severance Multiple. With respect to a Participant, the severance multiple set forth in his or her Participation Agreement
Severance Multiple. Will mean, with respect to any Participant, the number that corresponds to such Participant's Tier (as set forth on Schedule A) as of the Severance Protection Date.
Severance Multiple. As applicable either: (i) 2.0 in the context of a Qualifying Termination occurring within the six (6) month period immediately prior to a Change in Control (which shall be extended to twelve (12) months immediately prior to a Change in Control if a transaction document implementing the Change in Control is executed and within the following twelve (12) months from such execution a Change in Control is consummated) or within the two (2) year period immediately following a Change in Control, or... (ii) 1.0 in the context of a Qualifying Termination other than as set forth above. View More
Severance Multiple. 2.99 for Tier I Employees and 1.00 for Tier II Employees
Severance Multiple. For each Participant, the applicable multiple set forth on Exhibit A hereto
Severance Multiple. The meaning given in a Participant's Participation Agreement; provided, however, that in no event shall a Participant's Severance Multiple exceed 2.5
Severance Multiple. As to any Participant, the Severance Multiple set forth in Exhibit B applicable to such Participant's position as of immediately prior to such Participant's Termination (but disregarding any diminution in position that has given rise to a Constructive Termination), unless otherwise set forth in such Participant's Participation Notice and Agreement
Severance Multiple. The number of months set forth on Exhibit A as determined based on the Covered Employee's job level as of the date of termination of employment
All Definitions