Annual Compensation. Annual Compensation" means an amount equal to ------------------- the greater of (i) Employee's Company salary for the twelve (12) months preceding the Change of Control plus the employee's target bonus for the same period or (ii) Employee's Company Salary on an annualized basis and the employee's target bonus as of the Termination Date.
Appears in 4 contracts
Samples: Change of Control Severance Agreement (Catalytica Energy Systems Inc), Change of Control Severance Agreement (Catalytica Combustion Systems Inc), Change of Control Severance Agreement (Catalytica Energy Systems Inc)
Annual Compensation. Annual Compensation" means an amount equal to ------------------- the greater sum of Employee's (i) Employee's annual Company salary for at the highest rate in effect during the twelve (12) months immediately preceding the Change of Control plus or the employee's target bonus date of Involuntary Termination or termination by the Company other than for the same period or Cause, whichever is highest and (ii) 100% of Employee's Company Salary on an annualized basis and the employee's annual target bonus as in effect immediately prior to the Change of Control or the date of Involuntary Termination Dateor termination by the Company other than for Cause, whichever is highest.
Appears in 4 contracts
Samples: Change of Control Severance Agreement (Proxim Inc /De/), Change of Control Severance Agreement (Proxim Inc /De/), Change of Control Severance Agreement (Proxim Inc /De/)
Annual Compensation. Annual Compensation" means an amount equal to ------------------- the greater sum of Employee's (i) Employee's annual Company salary for at the highest rate in effect in the twelve (12) months immediately preceding the Change of Control plus the employee's target bonus for the same period or Control, and (ii) Employee's Company Salary on an annualized basis highest annual bonus (includes cumulation of quarterly bonus amounts and deferral amounts) awarded within the employee's target bonus as three fiscal years immediately prior to the Change of the Termination DateControl.
Appears in 4 contracts
Samples: Management Retention Agreement (Seagate Technology Malaysia Holding Co Cayman Islands), Management Retention Agreement (Seagate Technology Malaysia Holding Co Cayman Islands), Management Retention Agreement (Seagate Technology Inc)
Annual Compensation. Annual Compensation" means shall mean an amount equal to ------------------- the greater sum of (i) the Employee's Company annual base salary for the twelve (12) months as in effect immediately preceding the Change of Control plus the employee's target bonus for the same period or Control, and (ii) 100% of the Employee's Company Salary on an annualized basis and the employee's target bonus as of the Termination DateTarget Bonus.
Appears in 2 contracts
Samples: Management Retention Agreement (3com Corp), Management Retention Agreement (3com Corp)
Annual Compensation. Annual Compensation" means an amount equal to ------------------- the greater of (i) Employee's Company salary for the twelve (12) months preceding the Change of Control plus the employee's target bonus for the same period or Control, and (ii) Employee's Company Salary on an annualized basis and the employee's maximum target bonus as for the year in which the Change of the Termination DateControl occurs.
Appears in 2 contracts
Samples: Change of Control Severance Agreement (Sync Research Inc), Change of Control Severance Agreement (Sync Research Inc)
Annual Compensation. Annual Compensation" means an amount equal to ------------------- the greater of (i) EmployeeExecutive's Company salary for annual salary, excluding bonuses, at the highest rate in effect during the twelve (12) months immediately preceding the Change of Control plus the employee's target bonus for the same period or (ii) Employee's Company Salary on an annualized basis and the employee's target bonus as of the Termination DateControl.
Appears in 1 contract
Samples: Executive Severance Agreement (Doskocil Manufacturing Co Inc)
Annual Compensation. Annual Compensation" means an amount equal ------------------- to ------------------- the greater sum of Employee's (i) Employee's annual Company salary for at the highest rate in effect in the twelve (12) months immediately preceding the Change of Control plus the employee's target bonus for the same period or Control, and (ii) Employee's Company Salary on an annualized basis highest annual bonus (includes cumulation of quarterly bonus amounts and deferral amounts) awarded within the employee's target bonus as three fiscal years immediately prior to the Change of the Termination DateControl.
Appears in 1 contract
Samples: Management Retention Agreement (Seagate Technology Holdings)
Annual Compensation. Annual Compensation" means an amount equal ------------------- to ------------------- the greater sum of Employee's (i) annual Company salary at the highest rate in effect in the twelve months immediately preceding Employee's Company salary for the twelve Termination Date, and (12ii) months preceding 100% of Employee's annual target bonus as in effect immediately prior to the Change of Control plus the employee's target bonus for the same period or (ii) or, if greater, 100% of Employee's Company Salary on an annualized basis and the employee's annual target bonus as of the Termination Date.
Appears in 1 contract
Samples: Change of Control Agreement (International Network Services)
Annual Compensation. Annual Compensation" means an amount equal to ------------------- the greater of (i) Employee's Company salary for the twelve (12) months preceding the Change of Control plus the employee's target bonus for the same period or (ii) Employee's current Company Salary salary on an annualized basis and the employee's target bonus as of the Termination Datebasis.
Appears in 1 contract
Samples: Severance Agreement (E Piphany Inc)
Annual Compensation. Annual Compensation" means an ------------------- amount equal to ------------------- the greater sum of Employee's (i) Employee's annual Company salary for at the highest rate in effect in the twelve (12) months immediately preceding the Change of Control plus the employee's target bonus for the same period or Control, and (ii) Employee's Company Salary on an annualized basis highest annual bonus (includes cumulation of quarterly bonus amounts and deferral amounts) awarded within the employee's target bonus as three fiscal years immediately prior to the Change of the Termination DateControl.
Appears in 1 contract
Samples: Management Retention Agreement (Seagate Technology Holdings)
Annual Compensation. Annual Compensation" means an amount equal to ------------------- the greater of (i) Employee's Company salary for the twelve (12) months preceding the Change of Control plus the employee's target bonus for the same period or (ii) Employee's Company Salary on an annualized basis and the employee's target bonus as of the Termination Datebasis.
Appears in 1 contract
Samples: Change of Control Severance Agreement (Intraware Inc)
Annual Compensation. Annual Compensation" means an amount equal to ------------------- the greater sum of Employee's (i) Employee's annual Company salary for at the highest rate in the effect in the twelve (12) months immediately preceding the Change of Control plus the employee's target bonus for the same period or Control, and (ii) 100% of the Employee's Company Salary on an annualized basis and the employee's annual target bonus as in effect immediately prior to the Change of the Termination DateControl.
Appears in 1 contract
Samples: Change of Control Severance Agreement (Cell Genesys Inc)
