Common use of Annual Compensation Clause in Contracts

Annual Compensation. “Annual Compensation” shall mean an amount equal to the sum of (i) the Employee’s annual base salary, and (ii) 100% of the Employee’s Target Bonus, as in effect on the date of the Change of Control or Employee’s termination, in each case, whichever is higher.

Appears in 14 contracts

Samples: Management Retention Agreement (Palmsource Inc), Management Retention Agreement (Palmsource Inc), Management Retention Agreement (Palm Inc)

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Annual Compensation. “Annual Compensation” shall mean an amount equal to the sum of (i) the Employee’s Company annual base salarysalary as in effect immediately preceding the Change of Control, and (ii) 100% of the Employee’s Target Bonus, as in effect on the date of the Change of Control or Employee’s termination, in each case, whichever is higher.

Appears in 5 contracts

Samples: Management Retention Agreement (3com Corp), Management Retention Agreement (Palm Inc), Management Retention Agreement (3com Corp)

Annual Compensation. “Annual Compensation” shall mean means an amount equal to the sum greater of (i) the Employee’s annual base salary, and Base Salary for the twelve (ii12) 100% of the Employee’s Target Bonus, as in effect on the date of months preceding the Change of Control plus the employee’s target bonus for the same period, or (ii) Employee’s termination, in each case, whichever is higherBase Salary on an annualized basis and the employee’s target bonus as of the Termination Date.

Appears in 4 contracts

Samples: Employment Agreement (Renegy Holdings, Inc.), Employment Agreement (Catalytica Energy Systems Inc), Employment Agreement (Catalytica Energy Systems Inc)

Annual Compensation. “Annual Compensation” shall mean means an amount equal to the sum greater of (i) the Employee’s annual base salary, and salary for the twelve (ii12) 100% of the Employee’s Target Bonus, as in effect on the date of months preceding the Change of Control plus the employee’s target bonus for the same period (but not less than 85% of such base salary), or (ii) Employee’s termination, in each case, whichever is higherbase salary on an annualized basis and the employee’s target bonus as of the Termination Date (but not less than 85% of such base salary).

Appears in 2 contracts

Samples: Retention Agreement (Catalytica Energy Systems Inc), Retention Agreement (Catalytica Energy Systems Inc)

Annual Compensation. “Annual Compensation” shall mean an amount equal to the sum of (i) the Employee’s Company annual base salarysalary as in effect immediately preceding the Change of Control or Disposition, and (ii) 100% of the Employee’s Target Bonus, as in effect on the date of the Change of Control or Employee’s termination, in each case, whichever is higher.

Appears in 2 contracts

Samples: Management Retention Agreement (3com Corp), Management Retention Agreement (3com Corp)

Annual Compensation. “Annual Compensation” shall mean means an amount equal to the sum greater of (i) the Employee’s annual base salary, and Base Salary for the twelve (ii12) 100% months preceding the Change of Control plus the Employee’s Target BonusBonus for the same period, or (ii) Employee’s Base Salary on an annualized basis and the Employee’s Target Bonus as in effect on the date of the Change of Control or Employee’s termination, in each case, whichever is higherTermination Date.

Appears in 2 contracts

Samples: Employment Agreement (Renegy Holdings, Inc.), Employment Agreement (Catalytica Energy Systems Inc)

Annual Compensation. “Annual Compensation” shall mean means an amount equal to the sum greater of (i) the Employee’s annual base salary, and salary for the twelve (ii12) 100% of the Employee’s Target Bonus, as in effect on the date of months preceding the Change of Control plus the employee’s target bonus for the same period (but not less than 75% of such base salary), or (ii) Employee’s termination, in each case, whichever is higherbase salary on an annualized basis and the employee’s target bonus as of the Termination Date (but not less than 75% of such base salary).

Appears in 2 contracts

Samples: Retention Agreement (Catalytica Energy Systems Inc), Retention Agreement (Catalytica Energy Systems Inc)

Annual Compensation. “Annual Compensation” shall mean an amount equal to the sum of (i) the Employee’s annual base salary, salary as in effect immediately preceding the Change of Control and (ii) 100% of the Employee’s Target Bonus, as in effect on the date of the Change of Control or Employee’s termination, in each case, whichever is higher.

Appears in 2 contracts

Samples: Management Retention Agreement (3com Corp), Management Retention Agreement (3com Corp)

Annual Compensation. “Annual Compensation” shall mean means an amount equal to the sum greater of (i) the Employee’s annual base salary, and Company salary for the twelve (ii12) 100% of the Employee’s Target Bonus, as in effect on the date of months preceding the Change of Control plus the employee’s target bonus (including cash and stock components) for the same period or (ii) Employee’s termination, in each case, whichever is higherCompany Salary on an annualized basis and the employee’s target bonus (including cash and stock components) as of the Termination Date.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Catalytica Energy Systems Inc)

Annual Compensation. “Annual Compensation” shall mean means an amount equal to the sum of Employee’s (i) annual Company basic salary at the Employee’s annual base salaryhighest rate in the effect in the twelve months immediately preceding the Change of Control, and (ii) 100% of the Employee’s Target Bonus, annual target bonus as in effect on the date of immediately prior to the Change of Control or Employee’s termination, in each case, whichever is higherControl.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Cell Genesys Inc)

Annual Compensation. “Annual Compensation” shall mean means an amount equal to the sum greater of (i) the Employee’s annual base salary, and Base Salary for the twelve (ii12) 100% of the Employee’s Target Bonus, as in effect on the date of months preceding the Change of Control or Employee’s termination, in each casethe Termination Date, whichever is higherapplicable, plus the Employee’s Target Bonus for the same period, or (ii) Employee’s Base Salary on an annualized basis and the Employee’s Target Bonus as of the Termination Date.

Appears in 1 contract

Samples: Employment Agreement (Acorn Energy, Inc.)

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Annual Compensation. “Annual Compensation” shall mean an amount equal to the sum of (i) the Employee’s Company annual base salarysalary as in effect immediately preceding the Change of Control or severance benefit trigger under Section 3(e) hereof, as applicable, and (ii) 100% of the Employee’s Target Bonus, as in effect on the date of the Change of Control or Employee’s termination, in each case, whichever is higher.

Appears in 1 contract

Samples: Management Retention Agreement (3com Corp)

Annual Compensation. Annual Compensation" shall mean an ------------------- amount equal to the sum of (i) the Employee’s 's Company annual base salary, and (ii) 100% of the Employee’s 's Target Bonus, as in effect on the date of the Change of Control or Employee’s 's termination, in each case, whichever is higher.

Appears in 1 contract

Samples: Management Retention Agreement (Palm Inc)

Annual Compensation. “Annual Compensation” shall mean an amount equal to the sum of (i) the Employee’s annual base salary, salary and (ii) one hundred percent (100% %) of the Employee’s Target Bonus, Bonus as in effect in each case on the date of the Change of Control or Employee’s termination, in each casethe Triggering Event, whichever is higher.

Appears in 1 contract

Samples: Management Retention Agreement (Palm Inc)

Annual Compensation. “Annual Compensation” shall mean an amount equal to the sum of (i) the Employee’s Company annual base salarysalary as in effect immediately preceding the Change of Control or Retention Benefit payment, as applicable, and (ii) 100% of the Employee’s Target Bonus, as in effect on the date of the Change of Control or Employee’s termination, in each case, whichever is higher.

Appears in 1 contract

Samples: Management Retention Agreement (3com Corp)

Annual Compensation. “Annual Compensation” shall mean means an amount equal to the sum of Employee’s (i) annual Company salary at the Employee’s annual base salaryhighest rate in the effect in the twelve months immediately preceding the applicable measurement date, and (ii) 100% of the Employee’s Target Bonus, annual target bonus as in effect on immediately prior to the date of the Change of Control or Employee’s termination, in each case, whichever is higherapplicable measurement date.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Cell Genesys Inc)

Annual Compensation. Annual Compensation" shall mean an amount equal ------------------- to the sum of (i) the Employee’s 's Company annual base salarysalary as in effect immediately preceding the Change of Control, and (ii) 100% of the Employee’s 's Target Bonus, as in effect on the date of the Change of Control or Employee’s termination, in each case, whichever is higher.

Appears in 1 contract

Samples: Management Retention Agreement (Palm Inc)

Annual Compensation. “Annual Compensation” shall mean means an amount equal to the sum greater of (i) the Employee’s annual base salary, and Company salary for the twelve (ii12) 100% of the Employee’s Target Bonus, as in effect on the date of months preceding the Change of Control plus the employee’s target bonus for the same period or (ii) Employee’s termination, in each case, whichever is higherCompany Salary on an annualized basis and the employee’s target bonus as of the Termination Date.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Catalytica Energy Systems Inc)

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