Severance Pay

Severance Pay. 1) $21,000 total if the Executive's Termination occurs on or before December 31, 2015; 2) $42,000 total if the Executive's Termination occurs after December 31, 2015 and on or before December 31, 2016; or 3) $63,000 total if the Executive's Termination occurs after December 31, 2016. For the avoidance of doubt, these amounts are not incremental. For example, if the Executive were terminated on January 15, 2017, the Executive would receive a total severance payment of $63,000. In any event, such... amount shall be reduced by applicable withholding and other taxes View More

Severance Pay. An amount equal to [for CEO: two (2)][for others: one (1)] times the sum of the Employee's: (i) annual base salary for the calendar year in which the Date of Termination occurs (or the Employee's annual base salary in effect immediately prior to the Change in Control, if higher); plus (ii) target annual incentive compensation for the calendar year in which the Date of Termination occurs but pro-rated for the portion of such calendar year that falls prior to the Date of Termination.

Severance Pay. A dollar amount that is equal to: (i) if the Years of Service is less than five, Employee's Base Compensation (measured as of the day before the Termination Date), (ii) if the Years of Service is at least five but less than ten, the sum of Employee's Base Compensation (measured as of the day before the Termination Date) plus the Severance Bonus, or (iii) if the Years of Service is at least ten, the sum of 200% of Employee's Base Compensation (measured as of the day before the Termination Date)... plus 200% of the Severance Bonus. View More

Severance Pay. Two (2) weeks of the Executive's base salary as of the date of Termination for each completed twelve-month period of the Executive's service prior to the Termination, but in no event shall such amount exceed fifty-two (52) weeks of such base salary. In any event, such amount shall be reduced by applicable withholding and other taxes