Common use of Involuntary Termination Severance Benefits Clause in Contracts

Involuntary Termination Severance Benefits. (A) Within sixty (60) days following the Termination Date, the Company shall pay the Executive a lump sum equal to (x) twelve (12) months of Base Compensation (without giving effect to any salary reduction program then in effect), plus (y) an amount equal to fifty percent (50%) of the Five-Year Average Amount (as defined in Section 5).

Involuntary Termination Severance Benefits. (A) Within sixty ten (6010) days following the Termination Date, the Company shall pay the Executive a lump sum equal to (x) twelve (12) months of Base Compensation (without giving effect to any salary reduction program then currently in effect), plus (y) an amount equal to fifty percent one half (50%) of the Five-Five Year Average Amount (as defined in Section 5).

Involuntary Termination Severance Benefits. (A) Within sixty (60) days following the Termination Date, the Company shall pay the Executive a lump sum equal to (x) twelve (12) months of Base Compensation (without giving effect to any salary reduction program then in effect), plus (y) an amount equal to fifty percent (50%) of the Five-Five Year Average Amount (as defined in Section 5).

Involuntary Termination Severance Benefits. (A) Within sixty (60) days following the Termination Date, the Company shall pay the Executive a lump sum equal to (x) twelve eighteen (1218) months of Base Compensation (without giving effect to any salary reduction program then in effect), plus (y) an amount equal to fifty percent (50%) of the Five-Year Average Amount (as defined in Section 5).

Involuntary Termination Severance Benefits. (A) Within sixty ten (6010) days following the Termination Date, the Company shall pay the Executive a lump sum equal to (x) twelve (12) months of Base Compensation (without giving effect to any salary reduction program then in effect), plus (y) an amount equal to fifty percent (50%) of the Five-Five Year Average Amount (as defined in Section 5).

Involuntary Termination Severance Benefits. (A) Within sixty (60) days following the Termination Date, the Company shall pay the Executive a lump sum equal to (x) twelve (12) months of Base Compensation (without giving effect to any salary reduction program then in effect), plus (y) an amount equal to fifty percent (50%) of the Five-Year Average Amount (as defined in Section 5).

Involuntary Termination Severance Benefits. (A) Within sixty ten (6010) days following the Termination Date, the Company shall pay the Executive a lump sum equal to (x) twelve (12) months of Base Compensation (without giving effect to any salary reduction program then in effect), plus (y) an amount equal to fifty percent one half (50%) of the Five-Five Year Average Amount (as defined in Section 5).

Involuntary Termination Severance Benefits. (A) Within sixty ten (6010) days following the Termination Date, the Company shall pay the Executive a lump sum equal to (x) twelve eighteen (1218) months of Base Compensation (without giving effect to any salary reduction program then currently in effect), plus (y) an amount equal to fifty percent (50%) of the Five-Five Year Average Amount (as defined in Section 5).

Involuntary Termination Severance Benefits. (A) Within sixty (60) days following the Termination Date, the Company shall pay the Executive a lump sum equal to (x) twelve eighteen (1218) months of Base Compensation (without giving effect to any salary reduction program then in effect), plus (y) an amount equal to fifty percent (50%) of the Five-Five Year Average Amount (as defined in Section 5).. Xxxxxx X. Xxxxxxx Employment Agreement

Involuntary Termination Severance Benefits. (A) Within sixty ten (6010) days following the Termination Date, the Company shall pay the Executive a lump sum equal to (x) twelve (12) months of Base Compensation (without giving effect to any salary reduction program then in effect, if any), plus (y) an amount equal to fifty percent (50%) of the Five-Five Year Average Amount (as defined in Section 5).

Involuntary Termination Severance Benefits. (A) Within sixty ten (6010) days following the Termination Date, the Company shall pay the Executive a lump sum equal to (x) twelve eighteen (1218) months of Base Compensation (without giving effect to any salary reduction program then in effect), plus (y) an amount equal to fifty percent (50%) of the Five-Five Year Average Amount (as defined in Section 5).

Involuntary Termination Severance Benefits. (A) Within sixty (60) days following the Termination Date, the Company shall pay the Executive a lump sum equal to (x) twelve (12) months of Base Compensation (without giving effect to any salary reduction program then in effect), plus (y) an amount equal to fifty percent (50%) of the Five-Five Year Average Amount (as defined in Section 5).