Cash Severance Benefits. A lump sum payment equal to the sum of: (i) 12 months of your base salary plus (ii) 100% of your annual target bonus in effect for the year of the CIC Qualifying Termination (less applicable withholding taxes).
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Samples: Confirmatory Employment Letter (Solid Power, Inc.), Executive Change in Control and Severance Plan Participation Agreement (Solid Power, Inc.), Confirmatory Employment Letter (Solid Power, Inc.)
Cash Severance Benefits. A lump sum payment equal to the sum of: (i) 12 18 months of your base salary plus (ii) 100% of your annual target bonus in effect for the year of the CIC Qualifying Termination (less applicable withholding taxes).
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Samples: Appointment as Temporary Chief Executive Officer (Solid Power, Inc.)
Cash Severance Benefits. A lump sum payment equal to the sum of: of (i) 12 six (6) months of your base salary plus (ii) 10050% of your annual target bonus in effect for the year of the CIC Qualifying Termination (less applicable withholding taxes).
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Cash Severance Benefits. A lump sum payment equal to the sum of: (i) 12 18 months of your base salary plus (ii) 100150% of your annual target bonus in effect for the year of the CIC Qualifying Termination (less applicable withholding taxes).
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Cash Severance Benefits. A lump lump-sum payment equal to the sum of: (i) 12 months of your base salary plus (ii) 10050% of your annual target bonus in effect for the year of the CIC Qualifying Termination Base Salary (less applicable withholding taxes), plus (ii) 50% of your target annual bonus as in effect for the fiscal year in which your Non-CIC Qualifying Termination occurs (the “Target Bonus”) (less applicable withholding taxes), which will be paid on the Severance Start Date.
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