Common use of Additional Severance Clause in Contracts

Additional Severance. In lieu of any further salary and bonus payments to Executive for periods subsequent to the Date of Termination, or other severance payments, the Company will pay as severance pay to Executive two times the sum of: (a) Executive's annual base salary as of the date of Change in Control, or as of the Date of Termination, whichever is greater; and (b) Executive's annual bonus under the Plan. Executive's annual bonus amount is to be based on the greater of: (1) the average of Executive's bonus for the two fiscal years of the Company preceding the year in which the Change in Control occurs; or (2) the average of Executive's bonus for the two fiscal years of the Company preceding the year in which the termination of employment occurs. The severance pay provided for in this Section 6.2 shall be transferred to a “Rabbi Trust,” effective as of the Date of Termination, and paid to Executive in twenty-four (24) equal monthly installments commencing on the first day of the next month following the Date of Termination, and on the first day of each subsequent month, until fully paid.

Additional Severance. In lieu of any further salary and bonus payments to Executive for periods subsequent to the Date of Termination, or other severance payments, the Company will pay as severance pay to Executive two times the sum of: (a) Executive's ’s annual base salary as of the date of Change in Control, or as of the Date of Termination, whichever is greater; and (b) Executive's ’s annual bonus under the Plan. Executive's ’s annual bonus amount is to be based on the greater of: (1) the average of Executive's ’s bonus for the two fiscal years of the Company preceding the year in which the Change in Control occurs; , or (2) the average of Executive's ’s bonus for the two fiscal years of the Company preceding the year in which the termination of employment occurs. The additional severance pay provided for in this Section 6.2 5.2 shall be transferred to a “Rabbi Trust,” ”, effective as of the Date of Termination, and paid to Executive in twenty-four (24) equal monthly installments commencing on the first day of the next month following the Date of Termination, and on the first day of each subsequent month, until fully paid.

Additional Severance. In lieu of any further salary and bonus payments to Executive for periods subsequent to the Date of Termination, or other severance payments, the Company will pay as severance pay to Executive two times the the- sum of: (a) : Executive's annual base salary as of the date of Change in Control, or as of the Date of Termination, whichever is greater; and (b) and Executive's annual bonus under the Plan. Executive's annual bonus amount is to be based on the greater of: (1) the average of Executive's bonus for the two fiscal years of the Company preceding the year in which the Change in Control occurs; or (2) the average of Executive's bonus for the two fiscal years of the Company preceding the year in which the termination of employment occurs. The severance pay provided for in this Section 6.2 shall be transferred to a “"Rabbi Trust,” " effective as of the Date of Termination, and paid to Executive in twenty-four (24) equal monthly installments commencing on the first day of the next month following the Date of Termination, and on the first day of each subsequent month, until fully paid.

Additional Severance. In lieu of any further salary and bonus payments to Executive for periods subsequent to the Date of Termination, or other severance payments, the Company will pay as severance pay to Executive two three times the sum of: (a) Executive's ’s annual base salary as of the date of Change in Control, or as of the Date of Termination, whichever is greater; and (b) Executive's ’s annual bonus under the Plan. Executive's ’s annual bonus amount is to be based on the greater of: (1) the average of Executive's ’s bonus for the two fiscal years of the Company preceding the year in which the Change in Control occurs; , or (2) the average of Executive's ’s bonus for the two fiscal years of the Company preceding the year in which the termination of employment occurs. The additional severance pay provided for in this Section 6.2 5.2 shall be transferred to a “Rabbi Trust,” ”, effective as of the Date of Termination, and paid to Executive in twentythirty-four six (2436) equal monthly installments commencing on the first day of the next month following the Date of Termination, and on the first day of each subsequent month, until fully paid.