Common use of Cash Payment Clause in Contracts

Cash Payment. Not more than 10 days following the Date of Termination, or, if later, not more than 10 days following the date of the Change in Control, the Company will make a lump-sum cash payment to the Executive in an amount equal to (i) 2.99 times the Executive’s Eligible Earnings, less (ii) any incentive compensation payments made to the Executive for the year ending after the Executive’s Date of Termination.

Appears in 9 contracts

Samples: Executive Agreement (Analysts International Corp), Change in Control Agreement (Analysts International Corp), Executive Agreement (Analysts International Corp)

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Cash Payment. Not more than 10 30 days following the Date of Termination, or, if later, not more than 10 30 days following the date of the Change in Control, the Company or the Successor will make a lump-sum cash payment to the Executive in an amount equal to the sum of (i100%/150%) 2.99 times of the Executive’s Eligible Earnings, less (ii) any incentive compensation payments made to the Executive for the year ending after the Executive’s Date of TerminationBase Pay.

Appears in 2 contracts

Samples: Officers Agreement (Fargo Electronics Inc), Officers Agreement (Fargo Electronics Inc)

Cash Payment. Not more than 10 30 days following the Date of Termination, or, if later, not more than 10 30 days following the date of the Change in Control, the Company or the Successor will make a lump-sum cash payment to the Executive in an amount equal to (i) 2.99 times the sum of 50% of the Executive’s Eligible Earnings, less (ii) any incentive compensation payments made to the Executive for the year ending after the Executive’s Date of Termination's Base Pay.

Appears in 1 contract

Samples: Management Agreement (Fargo Electronics Inc)

Cash Payment. Not more than 10 days following the Date of Termination, or, if later, not more than 10 days following the date of the Change in Control, the Company will make a lump-sum cash payment to the Executive in an amount equal to (i) 2.99 times the Executive’s 's Eligible Earnings, less (ii) any incentive compensation payments made to the Executive for the year ending after the Executive’s 's Date of Termination.

Appears in 1 contract

Samples: Executive Agreement (Analysts International Corp)

Cash Payment. Not more than 10 days following the Date of Termination, or, if later, not more than 10 days following the date of the Change in Control, the Company will make a lump-sum cash payment to the Executive in an amount equal to the sum of (i) 2.99 times [two times; one times] the Executive’s Eligible EarningsBase Pay, less plus (ii) any incentive compensation payments made to the Executive for the year ending after [two times; one times] the Executive’s Date of Terminationhighest bonus in the three calendar years preceding the year in which the Change in Control occurs.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Marten Transport LTD)

Cash Payment. Not more than 10 30 days following the Date of Termination, or, if later, not more than 10 30 days following the date of the Change in Control, the Company will make a lump-sum cash payment to the Executive in an amount equal to the sum of (i) 2.99 times 150% of the Executive’s Eligible Earnings, less (ii) any incentive compensation payments made to the Executive for the year ending after the Executive’s Date of TerminationBase Pay.

Appears in 1 contract

Samples: Direct Reports Agreement (Fargo Electronics Inc)

Cash Payment. Not more than 10 30 days following the Date of Termination, or, if later, not more than 10 30 days following the date of the Change in Control, the Company or the Successor will make a lump-sum cash payment to the Executive in an amount equal to (i) 2.99 times the sum of 100% of the Executive’s Eligible Earnings, less (ii) any incentive compensation payments made to the Executive for the year ending after the Executive’s Date of TerminationBase Pay.

Appears in 1 contract

Samples: Direct Reports Agreement (Fargo Electronics Inc)

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Cash Payment. Not more than 10 30 days following the Date of Termination, or, if later, not more than 10 30 days following the date of the Change in Control, the Company or the Successor will make a lump-sum cash payment to the Executive in an amount equal to (i) 2.99 times the sum of 150% of the Executive’s Eligible Earnings, less (ii) any incentive compensation payments made to the Executive for the year ending after the Executive’s Date of TerminationBase Pay.

Appears in 1 contract

Samples: Direct Reports Agreement (Fargo Electronics Inc)

Cash Payment. Not more than 10 days following the Date of Termination, or, if later, not more than 10 days following the date of the Change in Control, the Company will make a lump-sum cash payment to the Executive in an amount equal to the sum of (i) 2.99 times [CEO - two times; other officers - one times] the Executive’s Eligible EarningsBase Pay, less plus (ii) any incentive compensation payments made to the Executive for the year ending after [CEO - two times; other officers - one times] the Executive’s Date of Terminationhighest bonus in the three calendar years preceding the year in which the Change in Control occurs.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Marten Transport LTD)

Cash Payment. Not more than 10 30 days following the Date of Termination, or, if later, not more than 10 30 days following the date of the Change in Control, the Company or the Successor will make a lump-sum cash payment to the Executive in an amount equal to (i) 2.99 times the sum of 100% of the Executive’s Eligible Earnings, less (ii) any incentive compensation payments made to the Executive for the year ending after the Executive’s Date of Termination's Base Pay.

Appears in 1 contract

Samples: Direct Reports Agreement (Fargo Electronics Inc)

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