Pay Continuation. The Employee shall be entitled to monthly payments equal to the Employee's monthly Base Compensation as in effect immediately prior to the Change of Control plus one-twelfth (1/12) of the average of the annual bonus amount paid to the Employee with respect to the three previous calendar years. Such monthly amounts shall be paid according to the normal payroll practice of the Company for 12 months following the date of termination (the "Termination Period").
Appears in 13 contracts
Samples: Employment Agreement (Cymer Inc), Employment Agreement (Cymer Inc), Employment Agreement (Cymer Inc)
Pay Continuation. The Employee shall be entitled to monthly payments equal to the Employee's ’s monthly Base Compensation as in effect immediately prior to the Change of Control plus one-twelfth (1/12) of the average of the annual bonus amount paid to the Employee with respect to the three previous calendar years. Such monthly amounts shall be paid according to the normal payroll practice of the Company for 12 months following the date of termination (the "“Termination Period"”).
Appears in 8 contracts
Samples: Employment Agreement (Cymer Inc), Employment Agreement (Cymer Inc), Employment Agreement (Cymer Inc)
Pay Continuation. The Employee shall be entitled to monthly payments equal to (A) one-twelfth (1/12) of the Employee's monthly greater of the Base Compensation as in effect immediately prior to the Change of Control and the Base Compensation in effect immediately prior to such termination plus (B) one-twelfth thirty-sixth (1/121/36) of the average of the annual bonus amount aggregate amounts paid to the Employee under the Company’s bonus and incentive programs with respect to the three previous calendar years. Such monthly amounts payments shall be paid according to the normal payroll practice of the Company for 12 24 months following the effective date of termination the Release (the "“Termination Period"”).
Appears in 4 contracts
Samples: Employment Agreement (Cymer Inc), Employment Agreement (Cymer Inc), Employment Agreement (Cymer Inc)
Pay Continuation. The Employee shall be entitled to monthly payments equal to the Employee's monthly Base Compensation as in effect immediately prior to the Change of Control plus one-twelfth (1/12) of the average of the annual bonus amount paid to the Employee with respect to the three previous calendar years. Such monthly amounts shall be paid according to the normal payroll practice of the Company for 12 24 months following the date of termination (the "Termination Period").
Appears in 4 contracts
Samples: Employment Agreement (Cymer Inc), Employment Agreement (Cymer Inc), Employment Agreement (Cymer Inc)
Pay Continuation. The Employee shall be entitled to monthly payments equal to (A) one-twelfth (1/12) of the Employee's monthly greater of the Base Compensation as in effect immediately prior to the Change of Control and the Base Compensation in effect immediately prior to such termination plus (B) one-twelfth thirty-sixth (1/121/36) of the average of the annual bonus amount aggregate amounts paid to the Employee under the Company’s bonus and incentive programs with respect to the three previous calendar years. Such monthly amounts payments shall be paid according to the normal payroll practice of the Company for 12 18 months following the effective date of termination the Release (the "“Termination Period"”).
Appears in 3 contracts
Samples: Employment Agreement (Cymer Inc), Employment Agreement (Cymer Inc), Employment Agreement (Cymer Inc)
Pay Continuation. The Employee shall be entitled to monthly payments equal to the Employee's monthly Base Compensation as in effect immediately prior to the Change of Control plus one-twelfth (1/12) of the average of the annual bonus amount paid to the Employee with respect to the three previous calendar years. Such monthly amounts shall be paid according to the normal payroll practice of the Company for 12 9 months following the date of termination (the "Termination Period").
Appears in 2 contracts
Samples: Employment Agreement (Cymer Inc), Employment Agreement (Cymer Inc)
Pay Continuation. The Employee shall be entitled to monthly payments equal to (A) one-twelfth (1/12) of the Employee's monthly greater of the Base Compensation as in effect immediately prior to the Change of Control and the Base Compensation in effect immediately prior to such termination plus (B) one-twelfth thirty-sixth (1/121/36) of the average of the annual bonus amount aggregate amounts paid to the Employee under the Company’s bonus and incentive programs with respect to the three previous calendar years. Such monthly amounts payments shall be paid according to the normal payroll practice of the Company for 12 months following the effective date of termination the Release (the "“Termination Period"”).
Appears in 2 contracts
Samples: Employment Agreement (Cymer Inc), Employment Agreement (Cymer Inc)
Pay Continuation. The Employee shall be entitled to monthly payments equal to (A) one-twelfth (1/12) of the Employee's monthly greater of the Base Compensation as in effect immediately prior to the Change of Control and the Base Compensation in effect immediately prior to such termination plus (B) one-twelfth thirty-sixth (1/121/36) of the average of the annual bonus amount aggregate amounts paid to the Employee under the Company’s bonus and incentive programs with respect to the three previous calendar years. Such monthly amounts payments shall be paid according to the normal payroll practice of the Company for 12 24 months following the date of termination (the "“Termination Period"”).
Appears in 2 contracts
Samples: Employment Agreement (Cymer Inc), Employment Agreement (Cymer Inc)
Pay Continuation. The Employee shall be entitled to monthly payments equal to the Employee's monthly Base Compensation as in effect immediately prior to the Change of Control plus one-twelfth (1/12) of the average of the annual bonus amount paid to the Employee with respect to the three previous calendar years. Such monthly amounts shall be paid according to the normal payroll practice of the Company for 12 twelve (12) months following the date of termination (the "Termination Period").
Appears in 1 contract
Samples: Employment Agreement (Cymer Inc)
Pay Continuation. The Employee shall be entitled to monthly payments equal to the Employee's monthly Base Compensation Salary as in effect immediately prior to the Change of Control plus one-twelfth (1/12) of the average of the annual bonus amount paid to the Employee with respect to the three previous calendar years. Such monthly amounts shall be paid according to the normal payroll practice of the Company for 12 months following the date of termination (the "Termination Period").
Appears in 1 contract
Samples: Employment Agreement (Cymer Inc)
Pay Continuation. The Employee shall be entitled to monthly payments equal to the Employee's monthly Base Compensation as in effect immediately prior to the Change of Control plus one-twelfth (1/12) of the average of the annual bonus amount paid to the Employee with respect to the three previous calendar years. Such monthly amounts shall be paid according to the normal payroll practice of the Company for 12 18 months following the date of termination (the "Termination Period").
Appears in 1 contract
Samples: Employment Agreement (Cymer Inc)
Pay Continuation. The Employee shall be entitled to monthly payments equal to the Employee's ’s monthly Base Compensation as in effect immediately prior to the Change of Control plus one-twelfth (1/12) of the average of the annual bonus amount paid to the Employee with respect to the three previous calendar years. Such monthly amounts shall be paid according to the normal payroll practice of the Company for 12 24 months following the date of termination (the "“Termination Period"”).
Appears in 1 contract
Samples: Employment Agreement (Cymer Inc)
Pay Continuation. The Employee shall be entitled to monthly payments equal to the Employee's ’s monthly Base Compensation as in effect immediately prior to the Change of Control plus one-twelfth (1/12) of the average of the annual bonus amount paid to the Employee with respect to the three previous calendar years. Such monthly amounts shall be paid according to the normal payroll practice of the Company for 12 9 months following the date of termination (the "“Termination Period"”).
Appears in 1 contract
Samples: Employment Agreement (Cymer Inc)
Pay Continuation. The Employee shall be entitled to monthly payments equal to (A) one-twelfth (1/12) of the Employee's monthly greater of the Base Compensation as in effect immediately prior to the Change of Control and the Base Compensation in effect immediately prior to such termination plus (B) one-twelfth thirty-sixth (1/121/36) of the average of the annual bonus amount aggregate amounts paid to the Employee under the Company’s bonus and incentive programs with respect to the three previous calendar years. Such monthly amounts payments shall be paid according to the normal payroll practice of the Company for 12 18 months following the date of termination (the "“Termination Period"”).
Appears in 1 contract
Samples: Employment Agreement (Cymer Inc)
Pay Continuation. The Employee shall be entitled to monthly payments equal to the Employee's ’s monthly Base Compensation as in effect immediately prior to the Change of Control plus one-twelfth (1/12) of the average of the annual bonus amount paid to the Employee with respect to the three previous calendar years. Such monthly amounts shall be paid according to the normal payroll practice of the Company for 12 eighteen (18) months following the date of termination (the "“Termination Period"”).
Appears in 1 contract
Samples: Employment Agreement (Cymer Inc)
Pay Continuation. The Employee shall be entitled to monthly payments equal to the Employee's monthly Base Compensation Salary as in effect immediately prior to the Change of Control plus one-twelfth (1/12) of the average of the annual bonus amount paid to the Employee with respect to the three previous calendar yearsControl. Such monthly amounts shall be paid according to the normal payroll practice of the Company for 12 eighteen months following the date of termination (the "Termination Period").
Appears in 1 contract