Involuntary or Constructive Termination. If the Executive's employment terminates as a result of Involuntary or Constructive Termination other than for Cause, then the Executive shall be entitled to receive severance pay in an amount equal to two (2) times the Executive's Base Compensation for the year coinciding with the year of termination, plus an amount equal to the bonus the Executive would have earned had he been employed by the Company at the end of such year multiplied by a fraction (x) the numerator of which is the number of completed months in that year, and (y) the denominator of which is twelve (12) (the "Current Bonus"). Any severance payments except for the Current Bonus to which the Executive is entitled pursuant to this Section shall be paid in a lump sum within thirty (30) days of the Executive's termination. The Current Bonus to which the Executive is entitled pursuant to this Section shall be paid in a lump sum within thirty (30) days of the date that the Company's audit is complete for such year.
Appears in 5 contracts
Samples: Employment Agreement (Electronics for Imaging Inc), Employment Agreement (Electronics for Imaging Inc), Employment Agreement (Electronics for Imaging Inc)
