Severance Payment

Severance Payment. An The "Severance Payment" shall be an amount equal to 150% six months of base salary utilizing 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), "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 Sections 1.5 and 3 (as if Employee had resigned from employment pursuant to Section 3). View More

Severance Payment. An The "Severance Payment" shall be an amount equal to 150% six (6) months of base salary utilizing 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), "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 Sections 1.5 and 3 (as if Employee had resigned from employment pursuant to Section 3). View More

Severance Payment. Means an amount equal to one two times Executive's Base Salary, payable in accordance to the terms of Section 2. 3.

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

Severance Payment. Shall mean one (1) year of the Executive's Base Salary at the time of the Termination Date; provided, that if Executive's Termination Date occurs within eighteen (18) months one (1) year following a Change in Control (not including the Merger for this purpose), the Severance Payment shall mean two (2) years of the Executive's Base Salary and 3 and any reduction in Executive's Base Salary since the date of the Change in Control shall be ignored.

Severance Payment. Based Equal to six (6) months salary in a lump sum within three (3) days from the date of the Termination Event based on the greater of the base salary of Employee as of the date of this Agreement or the then current base salary of Employee as of the effective date of termination, in a lump sum within three (3) days from the date of the Termination Event. termination.

Severance Payment. Shall mean the The benefit, if any, defined as a "severance payment" "Severance Payment" and paid to Executive as a lump sum under a severance plan of the Company. Company's Executive Severance Plan.

Severance Payment. Severance pay in an amount equal to 18 months of Base Salary, plus an amount equal to the greater of (A) the aggregate annual cash bonus payment(s) received by Employee in the Company's preceding fiscal year or (B) the Employee's target annual cash bonus amount, such payments to be paid in accordance with the terms in Section 2.1(b) below. Notwithstanding the foregoing, if the tenure of Employee's employment with the Company at the time of termination is less than one year, then the bonus...nt calculated under this Section 1.11 shall be pro rated for the partial year of service. service View More

Severance Payment. The Shall mean (i) the Executive's Base Salary at the time of the Termination Date plus (ii) the average of the annual bonuses (exclusive of Executive's signing bonus and any special fiscal 2026 bonus) earned by the Executive with respect to each of the three completed fiscal years of the Company Orion preceding the fiscal year in which the Termination Date occurs (or such lesser number of fiscal years for which the Executive was employed by the Company, Orion, with any partial year's bonus (exclusive of Executive's signing bonus and any special fiscal 2026 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. ignored; and provided further that if Executive's Termination Date occurs prior to March 31, 2028, then the calculation above of Executive's average annual bonuses under clause (ii) shall be determined based on the higher of (A) Executive's average regular annual bonus over her pre-Termination Date employment period pursuant to clause (ii) or (B) Executive's target annual bonus in the fiscal year of Termination Date divided by three. 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 June 30, 2009 (not including the Termination Date but including September June 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 2x 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. 3x.

Severance Payment. An amount equal to (x) 100% of the sum of (A) the Base Salary in effect on the date of termination of the Executive's employment, plus (B) the full amount of the Target Bonus for the Executive for the year in which the Executive's employment is terminated; terminated, plus (y) any annual bonus earned by the Executive in respect of the year prior to the year in which the termination of the Executive's employment occurs, if not yet paid; provided, however, that if the Executive terminates the... Executive's employment for Good Reason based on a reduction in Base Salary, then the Base Salary to be used in calculating the Severance Payment shall be the Base Salary in effect immediately prior to such reduction in Base Salary Salary. View More