Common use of Lump-Sum Payment in Lieu of Future Compensation Clause in Contracts

Lump-Sum Payment in Lieu of Future Compensation. In lieu of any further cash compensation for periods after your employment ends, you will be paid a cash lump sum equal to 1.0 times your annual base salary in effect when your employment ends or, if higher, in effect immediately before the Change, or Good Reason event for which you terminate employment

Appears in 4 contracts

Samples: Retention Agreement (Harding Lawson Associates Group Inc), Retention Agreement (Resourcephoenix Com), Executive Retention Agreement (Harding Lawson Associates Group Inc)

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Lump-Sum Payment in Lieu of Future Compensation. In lieu of any further cash compensation for periods after your employment ends, you will be paid a cash lump sum equal to 1.0 2.5 times your annual base salary in effect when your employment ends or, if higher, in effect immediately before the Change, any Notice of Termination or Good Reason event for which you terminate employment.

Appears in 2 contracts

Samples: Retention Agreement (21st Century Insurance Group), Retention Agreement (21st Century Insurance Group)

Lump-Sum Payment in Lieu of Future Compensation. In lieu of any further cash compensation for periods after your employment ends, you will be paid a cash lump sum equal to 1.0 times your annual base salary in effect when your employment ends or, if higher, in effect immediately before the Change, or Good Reason event for which you terminate employment.

Appears in 1 contract

Samples: Retention Agreement (Resourcephoenix Com)

Lump-Sum Payment in Lieu of Future Compensation. In lieu of any further cash compensation for periods after your employment endsends and in lieu of any other severance or other similar compensation the Company’s policies entitle you to, you will be paid a cash lump sum equal to 1.0 2.5 times your annual base salary Annual Compensation in effect when your employment ends or, if higher, the highest Annual Compensation in effect immediately before the ChangeChange in Control, Potential Change in Control, or Good Reason event for which you terminate employment.

Appears in 1 contract

Samples: Change of Control Agreement (Catalina Marketing Corp/De)

Lump-Sum Payment in Lieu of Future Compensation. In lieu of any further cash compensation for periods after your employment ends, you will be paid a cash lump sum of $555,000. In addition, and without duplication, you will be paid a cash lump sum equal to 1.0 2 times your annual base salary the higher of the amounts paid to you (if any) under any existing bonus or incentive plans in effect when the calendar year preceding the calendar year in which your employment ends oror in the calendar year preceding the calendar year in which the Change in Control occurred (or in which the Potential Change in Control occurred, if higher, in effect immediately before the Change, or Good Reason event for which you terminate employmentbenefits are payable under Section 10.2 hereof).

Appears in 1 contract

Samples: Employment Agreement (Versar Inc)

Lump-Sum Payment in Lieu of Future Compensation. In lieu of any further cash compensation for periods after your employment endsends and in lieu of any other severance or other similar compensation to which you might be entitled under the Company's policies, or otherwise, you will be paid a cash lump sum equal to 1.0 [AMOUNT] times your annual base salary Annual Compensation in effect when your employment ends or, if higher, the highest Annual Compensation in effect immediately before the ChangeChange in Control, Potential Change in Control, or Good Reason event for which you terminate employment.

Appears in 1 contract

Samples: Control Severance Agreement (Catalina Marketing Corp/De)

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Lump-Sum Payment in Lieu of Future Compensation. In lieu of any further cash compensation for periods after your employment endsends and in lieu of any other severance or other similar compensation the Company’s policies entitle you to, you will be paid a cash lump sum equal to 1.0 2.99 times your annual base salary Annual Compensation in effect when your employment ends or, if higher, the highest Annual Compensation in effect immediately before the ChangeChange in Control, Potential Change in Control, or Good Reason event for which you terminate employment.

Appears in 1 contract

Samples: Change of Control Agreement (Catalina Marketing Corp/De)

Lump-Sum Payment in Lieu of Future Compensation. In lieu of any further cash compensation for periods after your employment ends, you will be paid a cash lump sum equal to 1.0 2.99 times your annual base salary in effect when your employment ends orof, if higher, in effect immediately before prior to the ChangeChange in Control, Potential Change in Control, or Good Reason event for which you terminate employment.

Appears in 1 contract

Samples: Executive Severance Agreement (CNBT Bancshares Inc)

Lump-Sum Payment in Lieu of Future Compensation. In lieu of any further cash compensation for periods after your employment ends, you will be paid a cash lump sum equal to 1.0 2 times your annual base salary in effect when your employment ends or, if higher, in effect immediately before the ChangeChange in Control, Potential Change in Control, or Good Reason event for which you terminate employment. In addition, and without duplication, you will be paid a

Appears in 1 contract

Samples: Change of Control Severance Agreement (Versar Inc)

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