Common use of Basic Calculation Clause in Contracts

Basic Calculation. Upon the occurrence of a Change in Control, the ----------------- Executive, if then employed by the Company or if Terminated by the Company without Cause in Anticipation of the Change of Control in question, shall receive in cash the amount computed under the following table: TOTAL SHAREHOLDER PORTION OF TOTAL SHAREHOLDER CONSIDERATION PAID IN CONSIDERATION PAID RESPECT OF THE CHANGE TO BE PAID TO EXECUTIVE IN CONTROL -------------------------- ----------------- If not in excess of 0.05% $60,000,000 If in excess of $60,000,000 $30,000, plus 0.08% of the but not in excess of excess over $60,000,000 $120,000,000 If in excess of $120,000,000 $78,000, plus 0.1% of the but not in excess of excess over $120,000,000 $180,000,000 If in excess of $180,000,000 $138,000, plus 0.15% of the but not in excess of excess over $180,000,000 $240,000,000 If in excess of $240,000,000 $228,000, plus 0.2% of the excess over $240,000,000

Appears in 4 contracts

Samples: Executive Employment Agreement (Anderson Tully Co), Executive Employment Agreement (Anderson Tully Co), Executive Employment Agreement (Anderson Tully Co)

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Basic Calculation. Upon the occurrence of a Change in Control, the ----------------- Executive, if then employed by the Company or if Terminated by the Company without Cause in Anticipation of the Change of Control in question, shall receive in cash the amount computed under the following table: TOTAL SHAREHOLDER PORTION OF TOTAL SHAREHOLDER CONSIDERATION PAID IN CONSIDERATION PAID RESPECT OF THE CHANGE TO BE PAID TO EXECUTIVE IN CONTROL -------------------------- ----------------- If not in excess of 0.050.1% $60,000,000 If in excess of $60,000,000 $30,00060,000, plus 0.080.16% of the but not in excess of excess over $60,000,000 $120,000,000 If in excess of $120,000,000 $78,000156,000, plus 0.10.2% of the but not in excess of excess over $120,000,000 $180,000,000 If in excess of $180,000,000 $138,000276,000, plus 0.150.3% of the but not in excess of excess over $180,000,000 $240,000,000 If in excess of $240,000,000 $228,000456,000, plus 0.20.4% of the excess over $240,000,000

Appears in 2 contracts

Samples: Executive Employment Agreement (Anderson Tully Co), Executive Employment Agreement (Anderson Tully Co)

Basic Calculation. Upon the occurrence of a Change in Control, the ----------------- Executive, if then employed by the Company or if Terminated by the Company without Cause in Anticipation of the Change of Control in question, shall receive in cash the amount computed under the following table: TOTAL SHAREHOLDER CONSIDERATION PAID IN PORTION OF TOTAL SHAREHOLDER CONSIDERATION PAID IN CONSIDERATION PAID RESPECT OF THE CHANGE CONSIDERATION PAID IN CONTROL TO BE PAID TO EXECUTIVE IN CONTROL ----------------- -------------------------- ----------------- If not in excess of 0.050.15% $60,000,000 If in excess of $60,000,000 $30,00090,000, plus 0.080.24% of the but not in excess of excess over $60,000,000 $120,000,000 If in excess of $120,000,000 $78,000232,000, plus 0.10.3% of the but not in excess of excess over $120,000,000 $180,000,000 If in excess of $180,000,000 $138,000414,000, plus 0.150.45% of the but not in excess of excess over $180,000,000 $240,000,000 If in excess of $240,000,000 $228,000684,000, plus 0.20.6% of the excess over $240,000,000

Appears in 1 contract

Samples: Employment Agreement (Anderson Tully Co)

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Basic Calculation. Upon the occurrence of a Change in Control, the ----------------- Executive, if then employed by the Company or if Terminated by the Company without Cause in Anticipation of the Change of Control in question, shall receive in cash the amount computed under the following table: TOTAL SHAREHOLDER PORTION OF TOTAL SHAREHOLDER CONSIDERATION PAID IN CONSIDERATION PAID RESPECT OF THE CHANGE TO BE PAID TO EXECUTIVE IN CONTROL -------------------------- ----------------- If not in excess of 0.050.15% $60,000,000 If in excess of $60,000,000 $30,00090,000, plus 0.080.24% of the but not in excess of excess over $60,000,000 $120,000,000 If in excess of $120,000,000 $78,000232,000, plus 0.10.3% of the but not in excess of excess over $120,000,000 $180,000,000 If in excess of $180,000,000 $138,000414,000, plus 0.150.45% of the but not in excess of excess over $180,000,000 $240,000,000 If in excess of $240,000,000 $228,000684,000, plus 0.20.6% of the excess over $240,000,000

Appears in 1 contract

Samples: Employment Agreement (Anderson Tully Co)

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