Common use of COST OF LIVING ADJUSTMENT FOR CAP Clause in Contracts

COST OF LIVING ADJUSTMENT FOR CAP. ON LEGAL FEE REIMBURSEMENT. Upon the occurrence of a Change in Control, the $500,000 cap on legal fee reimbursement provided by Section 7(b) will be subject to a cost of living adjustment equal to the value of the expression A x B, in which expression: A = $500,000, and B = Cost of living adjustment or inflation factor. This is computed by dividing the Consumer Price Index for All Urban Consumers ("CPI-U") prepared by the U.S. Bureau of Labor Statistics, or any successor thereto, for the CPI-U for January of the year during which the Change in Control occurs by the CPI-U for January 2000. The cost of living adjustment provided in this Paragraph 7(c) shall be considered to be part of the Officer's payment of legal fees for purposes of this Agreement.

Appears in 4 contracts

Samples: Severance Agreement (Unizan Financial Corp), Severance Agreement (Unizan Financial Corp), Severance Agreement (Unizan Financial Corp)

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COST OF LIVING ADJUSTMENT FOR CAP. ON LEGAL FEE REIMBURSEMENT. Upon the occurrence of a Change in Control, the $500,000 cap on legal fee reimbursement provided by Section 7(b) will be subject to a cost of living adjustment equal to the value of the expression A x B, in which expression: A = $500,000, and B = Cost of living adjustment or inflation factor. This is computed by dividing the Consumer Price Index for All Urban Consumers ("CPI-U") prepared by the U.S. Bureau of Labor Statistics, or any successor thereto, for the CPI-U for January of the year during which the Change in Control occurs by the CPI-U for January 2000. The cost of living adjustment provided in this Paragraph 7(c) shall be considered to be part of the OfficerExecutive's payment of legal fees for purposes of this Agreement.

Appears in 3 contracts

Samples: Severance Agreement (Unizan Financial Corp), Severance Agreement (Unizan Financial Corp), Severance Agreement (Unizan Financial Corp)

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COST OF LIVING ADJUSTMENT FOR CAP. ON LEGAL FEE REIMBURSEMENT. Upon the occurrence of a Change in Control, the $500,000 cap on legal fee reimbursement provided by Section 7(b) will be subject to a cost of living adjustment equal to the value of the expression A x B, in which expression: A = $500,000, ; and B = Cost of living adjustment or inflation factor. This is computed by dividing the Consumer Price Index for All Urban Consumers ("CPI-U") prepared by the U.S. Bureau of Labor Statistics, or any successor thereto, for the CPI-U for January of the year during which the Change in Control occurs by the CPI-U for January 2000. The cost of living adjustment provided in this Paragraph 7(c) shall be considered to be part of the OfficerExecutive's payment of legal fees for purposes of this Agreement.

Appears in 1 contract

Samples: Severance Agreement (Unb Corp/Oh)

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