Common use of Lump Sum Severance Benefit Clause in Contracts

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: Agreement (Invacare Corp), Agreement (Invacare Corp), Agreement (Invacare Corp)

AutoNDA by SimpleDocs

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 (ia) the Executive’s Annual Base Salary plus minus (iib) the Executive’s Target Bonus.below where:

Appears in 2 contracts

Samples: Form of Agreement (Invacare Corp), Form of Agreement (Invacare Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.