Common use of Financial Counseling Clause in Contracts

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)

AutoNDA by SimpleDocs

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 (Omnova Solutions 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 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

Samples: Severance Agreement (Omnova Solutions 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

Samples: Severance Agreement (Gencorp Inc)

AutoNDA by SimpleDocs

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

Samples: Severance Agreement (Omnova Solutions Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!