Common use of Base Salary; Target Bonus; Accrued Vacation Clause in Contracts

Base Salary; Target Bonus; Accrued Vacation. Executive shall receive severance pay in an amount equal to his Base Salary (at the rate in effect immediately before the date of termination but not giving effect to any reduction that would give Executive the right to resign for Good Reason) plus his then current annual Target Bonus (calculated assuming that Executive and the Company had achieved all objectives set by the Company with respect thereto), paid in cash and subject to the usual required withholding, plus an amount equal to all accrued and unpaid vacation or paid-time off outstanding on Executive’s termination date, subject to the usual required withholding.

Base Salary; Target Bonus; Accrued Vacation. Executive shall receive severance pay in an amount equal to 1.5 times his Base Salary (at the rate in effect immediately before the date of termination but not giving effect to any reduction that would give Executive the right to resign for Good Reason) plus 1.5 times his then current annual Target Bonus (calculated assuming that Executive and the Company had achieved all objectives set by the Company with respect thereto), paid in cash and subject to the usual required withholding, plus an amount equal to all accrued and unpaid vacation or paid-time off outstanding on Executive’s termination date, subject to the usual required withholding.