Lump Sum Severance Benefit. Subject to Section 1.6, Invacare shall pay to the Executive, on the sixtieth (60th) day after the Termination Date, a lump sum severance benefit in an amount equal to two times: (i) the Executive’s Annual Base Salary plus (ii) the Executive’s Prior Bonus Amount. In addition, Invacare shall pay to the Executive, on the sixtieth (60th) day after the Termination Date, an amount equal to the Executive’s Prorated Bonus Amount.
Appears in 8 contracts
Samples: Invacare Corporation Agreement (Invacare Corp), Invacare Corporation Agreement (Invacare Corp), Invacare Corporation Agreement (Invacare Corp)
