Lump Sum Severance Benefit. Invacare shall pay to the Executive, within ten business days after the Termination Date, a lump sum severance benefit equal to two times the sum of (i) the Executive’s Annual Base Salary plus (ii) the Executive’s Target Bonus.
Appears in 4 contracts
Samples: Change of Control Agreement (Invacare Corp), Change of Control Agreement (Invacare Corp), Change of Control Agreement (Invacare Corp)
Lump Sum Severance Benefit. Invacare shall pay to the Executive, within ten business days after the Termination Date, a lump sum severance benefit equal to two (a) minus (b) below where:
(a) equals three times the sum of (i) the Executive’s 's Annual Base Salary plus (ii) the Executive’s 's Target Bonus; and
(b) equals the amount, if any, paid to the Executive pursuant to Section 1 above.
Appears in 2 contracts
Samples: Retention Bonus Agreement (Invacare Corp), Executive Agreement (Invacare Corp)
