Common use of Additional Cash Severance Benefits Clause in Contracts

Additional Cash Severance Benefits. In the event of a Termination Upon Change of Control, the Executive shall be entitled to receive an amount equal to 100% of the Executive’s Annual Compensation. The amount calculated, as set forth herein, shall be paid in cash in a lump sum. Payment hereunder shall be made within ten (10) days following the later of: (i) (if required by Section 409A of the Code) six (6) months after the date of a Termination Upon Change of Control, or (ii) the effective date of the release executed by the Executive pursuant to Section 5.3 of this Agreement.

Appears in 3 contracts

Samples: Change of Control and Retention Agreement (Diamond Foods Inc), Change of Control and Retention Agreement (Diamond Foods Inc), Change of Control and Retention Agreement (Diamond Foods Inc)

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Additional Cash Severance Benefits. In the event of a the Executive's Termination Upon Change of Control, the Executive shall be entitled to receive an amount equal to 100% eighteen (18) months of the Executive’s Annual Compensation's Base Salary. The amount calculated, as set forth herein, in this Section 2.2 shall be paid in cash in a single lump sum. Payment hereunder shall be made sum payment within ten (10) days following the later of: (i) (if required by Section 409A of the Code) six (6) months after the date of a Executive's Termination Upon Change of Control, or (ii) the effective date of the release executed by the Executive pursuant to Section 5.3 of this Agreement.

Appears in 2 contracts

Samples: Change of Control and Retention Agreement (Kana Software Inc), Change of Control and Retention Agreement (Kana Software Inc)

Additional Cash Severance Benefits. In the event of a Termination Upon Change of Control, the Executive shall be entitled to receive an amount equal to 100% [______] percent ([___]%) of the Executive’s 's Annual Compensation. The amount calculated, as set forth herein, shall be paid in cash in a lump sum. Payment hereunder shall be made within ten (10) days following the later of: (i) (if required by Section 409A of the Code) six (6) months after the date of a Termination Upon Change of Control, or (ii) the effective date of the release executed by the Executive pursuant to Section 5.3 of this Agreement.

Appears in 1 contract

Samples: Change of Control and Retention Agreement (Diamond Foods Inc)

Additional Cash Severance Benefits. In the event of a Termination Upon Change of Control, the Executive shall be entitled to receive an amount equal to 100200% of the Executive’s Annual Compensation. The amount calculated, as set forth herein, shall be paid in cash in a lump sum. Payment hereunder shall be made within ten (10) days following the later of: (i) (if required by Section 409A of the Code) six (6) months after the date of a Termination Upon Change of Control, or (ii) the effective date of the release executed by the Executive pursuant to Section 5.3 of this Agreement.

Appears in 1 contract

Samples: Change of Control and Retention Agreement (Diamond Foods Inc)

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Additional Cash Severance Benefits. In the event of a the Executive’s Termination Upon Change of Control, the Executive shall be entitled to receive (a) an amount equal to 100% twelve (12) months of the Executive’s Base Salary, plus (b) an amount equal twelve (12) months of the Executive’s Annual CompensationBonus. The amount calculated, as set forth herein, in this Section 2.2 shall be paid in cash in a single lump sum. Payment hereunder shall be made sum payment within ten (10) days following the later of: (i) (if required by Section 409A of the Code) six (6) months after the date of a Executive’s Termination Upon Change of Control, or (ii) the effective date of the release executed by the Executive pursuant to Section 5.3 of this Agreement.

Appears in 1 contract

Samples: Change of Control and Retention Agreement (Nuance Communications)

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