Common use of COMPENSATION AFTER CERTAIN TERMINATIONS Clause in Contracts

COMPENSATION AFTER CERTAIN TERMINATIONS. If the Executive’s employment with the Company is terminated (whether such termination is by the Executive or by the Company) at any time on or within two years after the Triggering Date for any reason other than (a) termination by the Company for Cause, (b) the Executive having reached the age of 65, or (c) the Executive’s death, then, within five days after the date of such termination, the Company shall pay the Executive a lump sum amount in cash equal to one and one-half (1.5) times the sum of the (x) Executive’s Annual Base Salary and (y)

Appears in 1 contract

Samples: Employment Agreement (Carreker Corp)

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COMPENSATION AFTER CERTAIN TERMINATIONS. If the Executive’s employment with the Company is terminated (whether such termination is by the Company without Cause or by the Executive or by the Company) for Good Reason at any time on or within two years after the Triggering Date for any reason other than Date, unless termination is a result of (a) termination by the Company for Cause, (b) the Executive having reached the age of 65, or (cb) the Executive’s death, then, within five days after the date of such termination, the Company shall pay the Executive a lump sum amount in cash equal to one and one-half two (1.52) times the sum of the (x) Executive’s Annual Base Salary and (y)) Bonus.

Appears in 1 contract

Samples: Senior Executive Employment Agreement (Carreker Corp)

COMPENSATION AFTER CERTAIN TERMINATIONS. If the Executive’s employment with the Company is terminated (whether such termination is by the Executive or by the Company) at any time on or within two years after the Triggering Date for any reason other than (a) termination by the Company for Cause, (b) the Executive having reached the age of 65, or (c) the Executive’s death, then, within five days after the date of such termination, the Company shall pay the Executive a lump sum amount in cash equal to one and one-half two (1.52) times the sum of the (x) Executive’s Annual Base Salary and (y)

Appears in 1 contract

Samples: Employment Agreement (Carreker Corp)

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COMPENSATION AFTER CERTAIN TERMINATIONS. If the Executive’s employment with the Company is terminated (whether such termination is by the Company without Cause or by the Executive or by the Company) for Good Reason at any time on or within two years after the Triggering Date for any reason other than Date, unless termination is a result of (a) termination by the Company for Cause, (b) the Executive having reached the age of 65, or (cb) the Executive’s death, then, within five days after the date of such termination, the Company shall pay the Executive a lump sum amount in cash equal to one and one-half two (1.52) times the sum of the (x) Executive’s Annual Base Salary and (y)

Appears in 1 contract

Samples: Senior Executive Employment Agreement (Carreker Corp)

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