Financial Counseling. Financial counseling for the Continuation Period as defined in Paragraph (4) of this Annex A in a manner similar to that provided to executive officers prior to a Change in Control. Annex B ------- Funding Assumptions ------------------- In calculating the present value of payments to be made to the Executive under Sections 4 and 5 of the Agreement, as required by Section 7(b)(B) of the Agreement, the Company shall (1) Assume that all payments to be made to the Executive shall be paid on a date which is six (6) months following the date of the Change in Control; and (2) Apply a discount factor which is equal to the yield to maturity, as reported in the Midwest Edition of THE WALL STREET JOURNAL, of the 26-week Treasury Bill xxxt recently issued as of the date of the Change in Control. Annex C ------- Form of Release ---------------
Appears in 4 contracts
Samples: Severance Agreement (Gencorp Inc), Severance Agreement (Omnova Solutions Inc), Severance Agreement (Gencorp Inc)
Financial Counseling. Financial counseling for the Continuation Period as defined in Paragraph (4) of this Annex A in a manner similar to that provided to executive officers prior to a Change in Control. Annex B ------- Funding Assumptions ------------------- In calculating the present value of payments to be made to the Executive under Sections 4 and 5 of the Agreement, as required by Section 7(b)(B) of the Agreement, the Company shall:
(1) Assume that all payments to be made to the Executive shall be paid on a date which is six (6) months following the date of the Change in Control; and
(2) Apply a discount factor which is equal to the yield to maturity, as reported in the Midwest Edition of THE WALL STREET JOURNAL, of the 26-week Treasury Bill xxxt recently issued as of the date of the Change in Control. Annex C ------- Form of Release ---------------
Appears in 1 contract
Financial Counseling. Financial counseling for the Continuation Period as defined in Paragraph (4) of this Annex A in a manner similar to that provided to executive officers prior to a Change in Control. Annex B ------- Funding Assumptions ------------------- In calculating the present value of payments to be made to the Executive under Sections 4 and 5 of the Agreement, as required by Section 7(b)(B) of the Agreement, the Company shall:
(1) Assume that all payments to be made to the Executive shall be paid on a date which is six (6) months following the date of the Change in Control; and
(2) Apply a discount factor which is equal to the yield to maturity, as reported in the Midwest Edition Editions of THE WALL STREET JOURNAL, of the 26-week Treasury Bill xxxt recently issued as of the date of the Change in Control. Annex C ------- Form of Release ---------------
Appears in 1 contract
Financial Counseling. Financial counseling for the Continuation Period as defined in Paragraph (4) of this Annex A in a manner similar to that provided to executive officers prior to a Change in Control. Annex B ------- Funding Assumptions ------------------- In calculating the present value of payments to be made to the Executive under Sections 4 and 5 of the Agreement, as required by Section 7(b)(B) of the Agreement, the Company shall
(1) Assume that all payments to be made to the Executive shall be paid on a date which is six (6) months following the date of the Change in Control; and
(2) Apply a discount factor which is equal to the yield to maturity, as reported in the Midwest Edition of THE WALL STREET JOURNAL, of the 26-week Treasury Bill xxxt recently issued as of the date of the Change in Control. Annex C ------- Form of Release ---------------------]---------
Appears in 1 contract
Samples: Severance Agreement (Gencorp Inc)
Financial Counseling. Financial counseling for the Continuation Period as defined in Paragraph (4) of this Annex A in a manner similar to that provided to executive officers prior to a Change in Control. Annex B ------- Funding Assumptions ------------------- In calculating the present value of payments to be made to the Executive under Sections 4 and 5 of the Agreement, as required by Section 7(b)(B) of the Agreement, the Company shall
(1) Assume that all payments to be made to the Executive shall be paid on a date which is six (6) months following the date of the Change in Control; and
(2) Apply a discount factor which is equal to the yield to maturity, as reported in the Midwest Edition of THE WALL STREET JOURNAL, of the 26-week Treasury Bill xxxt recently issued as of the date of the Change in Control. 20 Annex C ------- Form of Release ---------------
Appears in 1 contract