Common use of Lump Sum Cash Payment Clause in Contracts

Lump Sum Cash Payment. Following the Date of Termination, EXECUTIVE shall receive a lump sum cash payment in amount equal to the sum of the following: (i) EXECUTIVE’s unpaid Base Salary from WORLDSPACE and/or its Affiliates through the Date of Termination at the rate in effect (without taking into account any reduction of base salary constituting Good Reason), just prior to the time a Notice of Termination is given) plus any benefit awards (including both the cash and stock components), bonus payments and incentive awards which pursuant to the terms of any plans have been earned or become payable, to the extent not theretofore paid; and (ii) any amounts owed for accrued but unused vacation as of the Date of Termination.

Lump Sum Cash Payment. Following Immediately following the Date of Termination, EXECUTIVE shall receive a lump sum cash payment in amount equal to the sum of the following: (i) EXECUTIVE’s unpaid Base Salary from WORLDSPACE and/or its Affiliates through the Date of Termination at the rate in effect (without taking into account any reduction of base salary constituting Good Reason), just prior to the time a Notice of Termination is given) plus any benefit awards (including both the cash and stock components), bonus payments and incentive awards which pursuant to the terms of any plans have been earned or become payable, to the extent not theretofore paid; and (ii) any Any amounts owed for accrued but unused vacation as of the Date of Termination.