Common use of Additional Lump Sum Payments Clause in Contracts

Additional Lump Sum Payments. In lieu of (and not in addition to) any severance benefits payable to the Executive under any other plan, policy or program of the Company or any Affiliate (each, a "Severance Policy") or under any written agreement, between the Executive and the Company (each, a "Prior Agreement"), the Company shall pay to the Executive (or cause the Executive to be paid), at the times determined below, the following amounts: (A) the Executive's Earned Salary; (B) a cash amount (the "Severance Amount") equal to two and one half times the sum of (x) the Executive's annual rate of Base Salary as then in effect and (y) the greater of (1) an amount equal to the average of the Executive's annual incentive compensation earned under the Company's Mutual Incentive Plan (or any successor plan) or similar annual incentive plan applicable to the Executive (collectively, the "MIP") in respect of the Executive's services performed in the last three full fiscal years completed prior to the Change of Control, and (2) the MIP target applicable to the Executive for the year in which the Executive's employment terminates; and

Additional Lump Sum Payments. In lieu of (and not in addition to) any severance benefits payable to the Executive under any other plan, policy or program of the Company or any Affiliate (each, a "Severance Policy") or under any written agreement, agreement between the Executive and the Company (each, a "Prior Agreement"), the Company shall pay to the Executive (or cause the Executive to be paid), at the times determined below, the following amounts: (A) the Executive's Earned Salary; (B) a cash amount (the "Severance Amount") equal to two and one half times the sum of (x) the Executive's annual rate of Base Salary as then in effect and (y) the greater of (1) an amount equal to the average of the Executive's annual incentive compensation earned under the Company's Mutual Incentive Plan (or any successor plan) or similar annual incentive plan applicable to the Executive (collectively, the "MIP") in respect of the Executive's services performed in the last three full fiscal years completed prior to the Change of Control, and (2) the MIP target applicable to the Executive for the year in which the Executive's employment terminates; and

Additional Lump Sum Payments. In lieu of (and not in addition to) any severance benefits payable to the Executive under any other plan, policy or program of the Company or any Affiliate (each, a "Severance Policy") or under any written agreement, agreement between the Executive and the Company (each, a "Prior Agreement"), the Company shall pay to the Executive (or cause the Executive to be paid), at the times determined below, the following amounts: (A) the Executive's Earned Salary; (B) a cash amount Cash Amount (the "Severance Amount") equal to two and one half [ ] times the sum of (x) the Executive's annual rate of Base Salary as then in effect and (y) the greater of (1) an amount equal to the average of the Executive's annual incentive compensation earned under the Company's Mutual Performance Incentive Plan (or any successor plan) or similar annual incentive plan applicable to the Executive (collectively, the "MIPPIP") in respect of the Executive's services performed in the last three full fiscal years completed prior to the Change of Control, and (2) the MIP PIP target applicable to the Executive for the year in which the Executive's employment terminates; and

Additional Lump Sum Payments. In lieu of (and not in addition to) any severance benefits payable to the Executive under any other plan, policy or program of the Company or any Affiliate (each, a "Severance Policy") or under any written agreement, between the Executive and the Company (each, a "Prior Agreement"), the Company shall pay to the Executive (or cause the Executive to be paid), at the times determined below, the following amounts: (A) the Executive's Earned Salary; (B) a cash amount (the "Severance Amount") equal to two and one half times the sum of (x) the Executive's annual rate of Base Salary as then in effect and (y) the greater of (1) an amount equal to the average of the Executive's annual incentive compensation earned under the Company's Mutual Incentive Plan (or any successor plan) or similar annual incentive plan applicable to the Executive (collectively, the "MIP") in respect of the Executive's services performed in the last three full fiscal years completed prior to the Change of Control, and (2) the MIP target applicable to Exhibit 10.56 the Executive for the year in which the Executive's employment terminates; and

Additional Lump Sum Payments. In lieu of (and not in addition to) any severance benefits payable to the Executive under any other plan, policy or program of the Company or any Affiliate (each, a "Severance Policy") or under any written agreement, agreement between the Executive and the Company (each, a "Prior Agreement"), the Company shall pay to the Executive (or cause the Executive to be paid), at the times determined below, the following amounts: (A) the Executive's Earned Salary; (B) a cash amount (the "Severance Amount") equal to two and one one-half times the sum of (x) the Executive's annual rate of Base Salary as then in effect and (y) the greater of (1) an amount equal to the average of the Executive's annual incentive compensation earned under the Company's Mutual Performance Incentive Plan (or any successor plan) or similar annual incentive plan applicable to the Executive (collectively, the "MIPPIP") in respect of the Executive's services performed in the last three full fiscal years completed prior to the Change of Control, and (2) the MIP PIP target applicable to the Executive for the year in which the Executive's employment terminates; and

Additional Lump Sum Payments. In lieu of (and not in addition to) any severance benefits payable to the Executive under any other plan, policy or program of the Company or any Affiliate (each, a "Severance Policy") or under any agreement, whether written agreementor oral, between the Executive and the Company (each, a "Prior Agreement"), the Company shall pay to the Executive (or cause the Executive to be paid), at the times determined below, the following amounts: (A) the Executive's Earned Salary; (B) a cash amount (the "Severance AmountSEVERANCE AMOUNT") equal to two and one half three times the sum of (x) the Executive's annual rate of Base Salary as then in effect and (y) the greater of (1) an amount equal to the average of the Executive's annual incentive compensation earned under the Company's Mutual Incentive Plan (or any successor plan) or similar annual incentive plan applicable to the Executive (collectively, the "MIP") in respect of the Executive's services performed in the last three full fiscal years completed prior to the Change of Control, and (2) the MIP target applicable to the Executive for the year in which the Executive's employment terminates; and