Common use of Base Salary Severance Clause in Contracts

Base Salary Severance. In lieu of any amounts to which the Executive is entitled to under Section 5(c)(iii) of the Agreement, the Executive shall instead be entitled to a lump sum payment equal to three times the maximum amount payable annually under the then-applicable Salary Cap.

Base Salary Severance. In lieu of any amounts to which the Executive is entitled to under Section 5(c)(iii) of the Agreement, the Executive shall instead be entitled to a lump sum payment equal to three times the maximum amount payable annually under the then-applicable Salary Caphis Base Salary.”

Base Salary Severance. In lieu of any amounts to which the Executive is entitled to under Section 5(c)(iii) of the Agreement, the Executive shall instead be entitled to a lump sum payment equal to three times the maximum amount payable annually under the his then-applicable Salary CapBase Salary.”