Monthly Severance Payments. The Company shall pay the Executive: (a) aggregate severance payments equal to 2.5 times his annual base salary in effect on the date of written notice of termination, plus (b) additional aggregate severance payments equal to the excess of:
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Monthly Severance Payments. The Company shall pay the Executive:
(a) aggregate severance payments equal to 2.5 3 times his annual base salary in effect on the date of written notice of termination, plus
(b) additional aggregate severance payments equal to the excess of:
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Monthly Severance Payments. The Company shall pay the Executive:
(a) aggregate severance payments equal to 2.5 times his annual base salary in effect on the date of written notice of termination, plus
(b) additional aggregate severance payments equal to 2.5 times the excess of:Executive’s target bonus amount (which is expressed as a percentage of his annual base salary and is currently 90%) under the Key Officers Incentive Plan (or successor plans) in effect at the time of the Change in Control. The severance payments in subsection (a) and subsection (b) shall each be made in 30 equal, consecutive monthly installments.
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Monthly Severance Payments. The Company shall pay the Executive:
(a) aggregate severance payments equal to 2.5 3.0 times his annual base salary in effect on the date of written notice of termination, plus
(b) additional aggregate severance payments equal to 3.0 times the excess of:Executive’s target bonus amount (which is expressed as a percentage of his annual base salary and is currently 115%) under the Key Officers Incentive Plan (or successor plans) in effect at the time of the Change in Control. The severance payments in subsection (a) and subsection (b) shall each be made in 36 equal, consecutive monthly installments.
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Monthly Severance Payments. The Company shall pay the Executive:
(a) aggregate severance payments equal to 2.5 2.0 times his annual base salary in effect on the date of written notice of termination, plus
(b) additional aggregate severance payments equal to 2.0 times the excess of:Executive’s target bonus amount (which is expressed as a percentage of his annual base salary and is currently 80%) under the Key Officers Incentive Plan (or successor plans) in effect at the time of the Change in Control. The severance payments in subsection (a) and subsection (b) shall each be made in 24 equal, consecutive monthly installments.
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