Multiple of Salary and Bonus. An amount equal to three (3) times the sum of (A) Base Salary plus (B) the Target Annual Bonus, each determined as of the Termination Date; provided, however, that any reduction in Executive’s Base Salary or Target Annual Bonus that would qualify as Good Reason shall be disregarded for this purpose.
Appears in 4 contracts
Samples: Control Severance Agreement, Control Severance Agreement (Williams Companies Inc), Control Severance Agreement (WPX Energy, Inc.)
Multiple of Salary and Bonus. An amount equal to three two (32) times the sum of of: (A) Base Salary plus (B) the Target Annual Bonus, each determined as of the Termination Date; provided, however, that any reduction in Executive’s Base Salary or Target Annual Bonus that would qualify as Good Reason shall be disregarded for this purpose.
Appears in 3 contracts
Samples: Severance Agreement (SemGroup Corp), Severance Agreement (SemGroup Corp), Severance Agreement (SemGroup Corp)
Multiple of Salary and Bonus. An amount equal to three two (32) times the sum of (A) Base Salary plus (B) the Target Annual Bonus, each determined as of the Termination Date; provided, however, that any reduction in Executive’s Base Salary or Target Annual Bonus that would qualify as Good Reason shall be disregarded for this purpose.
Appears in 2 contracts
Samples: Control Severance Agreement (Williams Companies Inc), Control Severance Agreement (WPX Energy, Inc.)
Multiple of Salary and Bonus. An amount equal to three two (32) times the sum of (A) Base Salary plus (B) the Target Average Annual Bonus, each determined as of the Termination Date; provided, however, that any reduction in Executive’s Base Salary or Target Annual Bonus that would qualify as Good Reason shall be disregarded for this purpose.
Appears in 2 contracts
Samples: Executive) (WPX Energy, Inc.), Control Severance Agreement (WPX Energy, Inc.)
Multiple of Salary and Bonus. An amount equal to three two (32) times the sum of (A) Base Salary plus (B) the Target Annual Bonus, each determined as of the Termination Date; provided, however, that any reduction in Executive’s Base Salary or Target Annual Bonus that would qualify as Good Reason shall be disregarded for this purpose.
Appears in 1 contract
Multiple of Salary and Bonus. An amount equal to three (3) times the sum of (A) Base Salary plus (B) the Target Annual Bonus, each determined as of the Termination Date; provided, however, that any reduction in Executive’s Base Salary or Target Annual Bonus that would qualify as Good Reason shall be disregarded for this purpose.
Appears in 1 contract
Multiple of Salary and Bonus. An amount equal to three (3) times the sum of (A) Base Salary plus (B) the Target Average Annual Bonus, each determined as of the Termination Date; provided, however, that any reduction in Executive’s Base Salary or Target Annual Bonus that would qualify as Good Reason shall be disregarded for this purpose.
Appears in 1 contract
