Common use of Basic Payments Clause in Contracts

Basic Payments. The Executive will be paid an amount equal to two (2) times the sum of (A) his then current Annual Base Salary, and (B) the highest cash bonus paid to him with respect to one of the three calendar years immediately preceding the year of termination. Such amount will be paid to the Executive in a lump sum within ten (10) days following the date of termination of employment.

Basic Payments. The Executive will be paid an amount equal to two (2) times the sum of (Ai) his then current Annual Base Salarythe highest annualized base salary paid to the Executive by the Bank during the year of termination or the immediately preceding two calendar years, and (Bii) the highest cash bonus paid to him the Executive by the Bank with respect to one of the three two calendar years immediately preceding the year of termination. Such amount will be paid to the Executive in a one lump sum within ten (10) 30 days following the later of the date of termination of employmentemployment or the delivery of a Notice of Termination.

Basic Payments. The Executive will be paid an amount equal to two (2) 2.99 times the sum of (A) his then current Annual Base Salary, and (B) the highest cash bonus paid to him him, with respect to one of the three calendar years immediately preceding the year of termination. Such amount will be paid to the Executive in a lump sum within ten (10) days following the date of termination of employment.

Basic Payments. The Executive will be paid an amount equal to two (2) three times the sum of (A) his then current Annual Base Direct Salary, and (B) the highest cash bonus paid to him with respect to one of the three calendar years immediately preceding the year of termination. Such amount will be paid to the Executive in a lump sum within ten (10) days following the date of termination of employment.

Basic Payments. The Executive will be paid an amount equal to two (2) times the sum of (Ai) his then current Annual Base Salarythe highest annualized base salary paid to him during the year of termination or the immediately preceding two calendar years, and (Bii) the highest cash bonus paid to him with respect to one of the three two calendar years immediately preceding the year of termination. Such amount will be paid to the Executive in a lump sum within ten 24 equal monthly installments (10) without interest), beginning 30 days following the date of termination of employment. For purposes of this subsection, to the extent necessary, base salary and bonuses with any predecessor of Main or an affiliate thereof shall be taken into account.

Basic Payments. The Executive will be paid an amount equal to two (2) times the sum of (A) his then current Annual Base Salary, and (B) the highest cash bonus paid to him him, excluding the bonus provided for in Section 4(b) of this Agreement, with respect to one of the three calendar years immediately preceding the year of termination. Such amount will be paid to the Executive in a lump sum within ten (10) days following the date of termination of employment.

Basic Payments. The Executive will be paid an amount equal to two (2) times the sum of (A) his then current Annual Base Salary, and (B) the highest cash bonus paid to him with respect to one of the three calendar years immediately preceding the year of termination. Such amount will be paid to the Executive in a lump sum within ten (10) days following the date of termination of employment.

Basic Payments. The Executive will be paid an amount equal to two (2) 2.99 times the sum of (A) his then current highest Annual Base Salary, and (B) the highest cash bonus bonus, in each case, paid to him with respect to one him, excluding the bonus provided for in Section 4(b) of the Existing Agreement, in any of the three calendar years immediately preceding the year of termination. Such amount will be paid to the Executive in a lump sum within ten (10) days following the date of termination of employment.

Basic Payments. The Executive will be paid an amount equal to two (2) 2.99 times the sum of (A) his then current Annual Base Salary, and (B) the highest cash bonus paid to him him, excluding the bonus provided for in Section 4(b) of this Agreement, with respect to one of the three calendar years immediately preceding the year of termination. Such amount will be paid to the Executive in a lump sum within ten (10) days following the date of termination of employment.

Basic Payments. The Executive will be paid an amount equal to two (2) times the sum of (A) his her then current Annual Base Salary, and (B) the highest cash bonus paid to him her, excluding the bonus provided for in Section 4(b) of this Agreement, with respect to one of the three calendar years immediately preceding the year of termination. Such amount will be paid to the Executive in a lump sum within ten (10) days following the date of termination of employment.

Basic Payments. The Executive will be paid an amount equal to two and one-half (22 ½) times the sum of (A) his then current Annual Base Direct Salary, and (B) the highest cash bonus paid to him with respect to one of the three calendar years immediately preceding the year of termination. Such amount will be paid to the Executive in a lump sum within ten (10) days following the date of termination of employment.

Basic Payments. The Executive will be paid an amount equal to two (2) 2.99 times the sum of (A) his then current highest Annual Base Salary, and (B) the highest cash bonus bonus, in each case paid to him with respect to one in any of the three calendar years immediately preceding the year of termination. Such amount will be paid to the Executive in a lump sum within ten (10) days following the date of termination of employment.

Basic Payments. The Executive will be paid an amount equal to two (2) three times the sum of (Ai) his then current Annual Base Salarythe highest annualized base salary paid to him during the year of termination or the immediately preceding two calendar years, and (Bii) the highest cash bonus paid to him with respect to one of the three calendar years immediately preceding the year of termination. Such amount will be paid to the Executive in a one lump sum within ten (10) 30 days following the date of termination of employment.