Severance Payment

Severance Payment. Means an amount equal to one times Executive's Base Salary, payable in accordance to the terms of Section 2.

Severance Payment. An amount equal to 150% of Employee's highest annual base salary during the term of Employee's employment with the Company; provided that, if the event giving rise to the Severance Payment occurs on or before the 180th day following a Change in Control (with the day immediately following the day of the occurrence of the Change in Control being day 1), then the amount of the Severance Payment shall be the greater of (i) the amount provided for in this sentence or (ii) the amount provided for in... Section 3 (as if Employee had resigned from employment pursuant to Section 3). View More

Severance Payment. Shall mean Employee's then-current base salary multiplied by a fraction, the numerator of which is the number of calendar days between the Termination Date and September 30, 2009 (not including the Termination Date but including September 30, 2009) and the demonitator of which is 365.

Severance Payment. Executive's Base Salary at the time of the Termination Date multiplied by [1x]1 plus Executive's target annual bonus for the year in which the Termination Date occurs; provided that if Executive's Termination Date occurs on or within two years following a Change of Control, the multiplier described above shall be increased to [2x]2.

Severance Payment. The Executive's Base Salary at the time of the Termination Date plus the average of the annual bonuses earned by the Executive with respect to each of the three completed fiscal years of the Company preceding the year in which the Termination Date occurs (or such lesser number of fiscal years for which the Executive was employed by the Company, with any partial year's bonus being annualized with respect to such fiscal year) multiplied by the severance multiplier set forth above; provided that... if Executive's Termination Date occurs on or following a Change of Control, the multiplier described above shall be increased to the post-Change of Control severance multiplier set forth above and any reduction in Executive's Base Salary since the date of the Change of Control shall be ignored. View More

Severance Payment. The cash payment, if any, that Employee may become entitled to receive pursuant to Section 6 of this Agreement

Severance Payment. The same meaning as the term 'parachute payment' defined in Section 280G(b)(2) of the Code

Severance Payment. An amount equal to 24 months of Employee's annual Base Salary, including any payments received or due under any other severance agreement.

Severance Payment. The Company will pay Executive up to an amount equal to one (1) year of Executive's salary at the time of termination ("Separation Pay"). Separation Pay shall be payable to Executive for six (6) months following Executive's termination of employment ("Initial Severance Period") and up to an additional six (6) months thereafter so long as Executive has not accepted new employment ("Subsequent Severance Period" and together with the Initial Severance Period, the "Severance Period"). Executive... shall certify to the Company on the first day of each month during the Subsequent Severance Period that he has not accepted new employment. If Executive fails to provide such certification or obtains new employment during the Subsequent Severance Period, no further severance payments will be made, and the Severance Period shall end. Payment of Separation Pay will be made at the same time as wages are paid to active employees in Executive's job classification in equal payments over a period of up to 12 months as described above, beginning on the first practicable regular pay day following Executive's execution of Exhibit A to this Agreement and expiration of the seven (7) day revocation period described therein. View More

Severance Payment. 1.5 times the sum of (i) Executive's then applicable Base Salary, plus (ii) the average of the annual cash incentive plan payments made to Executive (prior to reduction for taxes or deferrals) in the three fiscal years immediately preceding the fiscal year in which the Termination Date occurs (or such fewer number of immediately preceding fiscal years for which Executive has been employed by the Company) (the "Average Annual Bonus Amount"); provided that if the Termination Date occurs on or... within the one year period following a Change in Control, then the 1.5 multiplier shall be replaced with two (2). For purposes of this definition, the Executive's Base Salary shall be the amount in effect immediately preceding the Termination Date; provided that if a reduction in Executive's Base Salary constituted a Good Reason for the termination, then Base Salary shall be the amount in effect immediately prior to such reduction. View More