Payments Upon Change of Control. (a) Within 30 days following a Change of Control, a cash payment shall be made to the Executive in an amount equal to 299% of the "base amount" as that term is defined in Code Section 280G. The determination of the base amount shall be made by the Company's independent auditors. For this purpose, the "base amount" shall be calculated with respect to the 3 taxable year period ending before the date on which the Change of Control as defined herein occurs, regardless of whether such Change of Control is an event described in Code Section 280G (b)(2)(A).
Appears in 6 contracts
Samples: Change of Control Agreement (Weyco Group Inc), Change of Control Agreement (Weyco Group Inc), Control Agreement (Weyco Group Inc)
