Common use of Change Benefits Clause in Contracts

Change Benefits. For purposes of this Agreement, “Change Benefits” means the aggregate of the following, adjusted if appropriate under Sections 5.07[6] and [7]: [a] Base Salary. The sum of [i] the Base Salary earned to the date of termination plus [ii] 200 percent of the Executive's Base Salary at the highest rate in effect at any time during the Protection Period. This amount will be paid in a lump sum cash payment on the Change Entity's first regular payroll date for senior executive officers of the Company following the effective date of the Executive's Termination in Connection With a Change of Control. [b] Bonus. Two hundred percent of the Executive's Stretch Bonus in effect under the Bonus Program for the year in which the Executive's employment is Terminated in Connection With a Change of Control or, if higher, the Stretch Bonus in effect under the Bonus Program (or comparable program) at any time during the Protection Period. This amount will be paid in a single lump sum on the Change Entity's next regularly scheduled payroll date for senior executive officers of the Company following the date of the Executive's Termination in Connection With a Change of Control.

Change Benefits. For purposes of this Agreement, “Change Benefits” means the aggregate of the following, adjusted if appropriate under Sections 5.07[6] and [7]: [a] Base Salary. The sum of [i] the Base Salary earned to the date of termination plus [ii] 200 percent of the Executive's ’s Base Salary at the highest rate in effect at any time during the Protection Period. This amount will be paid in a lump sum cash payment on the Change Entity's ’s first regular payroll date for senior executive officers of the Company employees with a similar title or position following the effective date of the Executive's ’s Termination in Connection With a Change of Control. [b] Bonus. Two hundred percent of the Executive's ’s Stretch Bonus in effect under the Bonus Program for the year in which the Executive's ’s employment is Terminated in Connection With a Change of Control or, if higher, the Stretch Bonus in effect under the Bonus Program (or comparable program) at any time during the Protection Period. This amount will be paid in a single lump sum on the Change Entity's ’s next regularly scheduled payroll date for senior executive officers executives of the Company similar title and position following the date of the Executive's ’s Termination in Connection With a Change of Control.