OTHER SALARY AND INCENTIVE COMPENSATION BENEFITS. Payment of this portion of Special Severance Pay Benefits shall consist of an amount equal to one and one-half (1-1/2) times the sum of (a) Executive's annual base salary, at the highest rate in effect at any time up to Date of Employment Termination (the "Highest Base Salary") and (b) and amount equal to the Highest Base Salary multiplied by the greater of (i) twenty percent (20%) or (ii) the percentage which is equal to the highest percentage of base salary paid as a bonus to Executive for any of the three calendar years preceding the calendar year in which the Date of Employment Termination occurs.
Appears in 8 contracts
Samples: Executive Agreement (Edo Corp), Executive Agreement (Edo Corp), Executive Agreement (Edo Corp)
OTHER SALARY AND INCENTIVE COMPENSATION BENEFITS. Payment of this portion of Special Severance Pay Benefits shall consist of an amount equal to one and one-half (1-1 1/2) times the sum of (a) Executive's annual base salary, at the highest rate in effect at any time up to Date of Employment Termination (the "Highest Base Salary") and (b) and amount equal to the Highest Base Salary multiplied by the greater of (i) twenty percent (20%) or (ii) the percentage which is equal to the highest percentage of base salary paid as a bonus to Executive for any of the three calendar years preceding the calendar year in which the Date of Employment Termination occurs.
Appears in 6 contracts
Samples: Change in Control Agreement (Edo Corp), Change in Control Agreement (Edo Corp), Change in Control Agreement (Edo Corp)
OTHER SALARY AND INCENTIVE COMPENSATION BENEFITS. Payment of this portion of Special Severance Pay Benefits shall consist of an amount equal to one and one-half (1-1/2) three times the sum of (a) Executive's annual base salary, at the highest rate in effect at any time up to Date of Employment Termination (the "Highest Base Salary") and (b) and an amount equal to the Highest Base Salary multiplied by the greater of (i) twenty percent (20%) or (ii) the percentage which is equal to the highest percentage of base salary paid as a bonus to Executive for any of the three calendar years preceding the calendar year in which the Date of Employment Termination occurs.
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OTHER SALARY AND INCENTIVE COMPENSATION BENEFITS. Payment of this portion of Special Severance Pay Benefits shall consist of an amount equal to one and one-half (1-1/2) times the sum of (a) Executive's annual base salary, at the highest rate in effect at any time up to Date of Employment Termination (the "Highest Base Salary") and (b) and an amount equal to the Highest Base Salary multiplied by the greater of (i) twenty percent (20%) or (ii) the percentage which is equal to the highest percentage of base salary paid as a bonus to Executive for any of the three calendar years preceding the calendar year in which the Date of Employment Termination occurs.
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OTHER SALARY AND INCENTIVE COMPENSATION BENEFITS. Payment of this portion of Special Severance Pay Benefits shall consist of an amount equal to one and one-one half (1-1 1/2) times the sum of (a) Executive's annual base salary, at the highest rate in effect at any time up to Date of Employment Termination (the "Highest Base Salary") and (b) and amount equal to the Highest Base Salary multiplied by the greater of (i) twenty percent (20%) or (ii) the percentage which is equal to the highest percentage of base salary paid as a bonus to Executive for any of the three calendar years preceding the calendar year in which the Date of Employment Termination occurs.
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