Current Compensation. “Current Compensation” shall mean an amount equal to the sum of (i) the Base Salary and (ii) the Employee’s annual and quarterly bonuses for the fiscal year preceding the fiscal year in which severance benefits become payable to the Employee pursuant to Section 4(a) or (b) below.
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Samples: Change of Control Severance Agreement (Zagg INC), Change of Control Severance Agreement (Logitech International Sa), Change of Control Severance Agreement (Logitech International Sa)
Current Compensation. “Current Compensation” " shall mean an amount equal to the sum of (i) the Base Salary Employee's annual base salary and (ii) the Employee’s annual and quarterly bonuses bonus for the fiscal year preceding the fiscal year in which severance benefits become payable to the Employee pursuant to Section 4(a) or (b) below7(b).
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