Annual Allowance. The Corporation shall pay to the Executive, in cash, in a lump sum, on the Payment Date an amount equal to two times the annual allowance to which the Executive is entitled as of the date of the Date of Termination (or, if higher, as of immediately prior to the Effective Date).
Appears in 22 contracts
Samples: Change in Control Agreement (Ovintiv Inc.), Change in Control Agreement (Ovintiv Inc.), Change in Control Agreement (Ovintiv Inc.)
Annual Allowance. The Corporation shall pay to the Executive, in cash, in a lump sum, on the Payment Date an amount equal to two and one half (2.5) times the annual allowance to which the Executive is entitled as of the date of the Date of Termination (or, if higher, as of immediately prior to the Effective Date).
Appears in 5 contracts
Samples: Change in Control Agreement (Ovintiv Inc.), Change in Control Agreement (Ovintiv Inc.), Change in Control Agreement (Ovintiv Inc.)
Annual Allowance. The Corporation shall pay to the Executive, in cash, in a lump sum, on the Payment Date an amount equal to two three times the annual allowance to which the Executive is entitled as of the date of the Date of Termination (or, if higher, as of immediately prior to the Effective Date).
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