Termination Compensation
Termination Compensation. A monthly amount equal to one- twelfth (1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based benefits, including for these purposes amounts earned or payable whether or not deferred) received by the Employee during any one of the five (5) calendar years immediately preceding the calendar year in which falls his Termination Date; provided, that if the cash compensation received by the Employee during the Termination Year exceeds the highest...
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Found in
Truist Financial contract
Termination Compensation. For the purposes of this Agreement, "Termination Compensation" shall have the meaning ascribed to it in Section 2(a) of this Agreement.
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Found in
Blackbaud contract