Common use of PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL Clause in Contracts

PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL. (a) Following Termination Due to Change of Control, the Executive shall be paid an amount equal to two times the annual base salary paid the Executive by the Corporation in effect immediately prior to the date the Change of Control occurs, and two times the average bonus payment received in the three years immediately prior to the date the Change of Control occurs. Such amount shall be paid in 24 monthly installments beginning on the 15th day of the month following the month in which the Executive’s employment with the Corporation terminates.

Appears in 7 contracts

Samples: Brady Corporation (Brady Corp), Brady Corporation (Brady Corp), Change of Control Agreement (Brady Corp)

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PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL. (a) Following Termination Due to Change of Control, the Executive shall be paid an amount equal to two times the annual base salary paid the Executive by the Corporation Company in effect immediately prior to the date the Change of Control occurs, and two times the average bonus payment received in the three years immediately prior to the date the Change of Control occurs. Such amount shall be paid in 24 monthly installments beginning on the 15th day of the month following the month in which the Executive’s 's employment with the Corporation Company terminates.

Appears in 5 contracts

Samples: Change of Control Agreement (Brady Corp), Change of Control Agreement (Brady Corp), Change of Control Agreement (Brady Corp)

PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL. (a) Following Termination Due to Change of Control, the Executive shall be paid an amount equal to the total of: (i) two times the annual base salary paid the Executive by the Corporation in effect immediately prior to the date the Change of Control occurs, and (ii) two times the average Executive’s target bonus payment received amount in the three years effect immediately prior to the date the Change of Control occurs. Such amount shall be paid in 24 monthly installments beginning on the 15th day of the month following the month in which the Executive’s employment with the Corporation terminates.

Appears in 4 contracts

Samples: Change of Control Agreement (Brady Corp), Brady Corporation (Brady Corp), Addendum Employment Contract (Brady Corp)

PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL. (a) Following Termination Due to Change of Control, the Executive shall be paid an amount equal to two times the his annual base salary (exclusive of incentive compensation and fringe benefits) paid the Executive by the Corporation Company in effect immediately prior to the date the Change of Control occurs, and two times the average bonus payment received in the three years immediately prior to the date the Change of Control occurs. Such amount shall be paid in 24 monthly installments beginning on the 15th day of the month following the month in which the Executive’s 's employment with the Corporation Company terminates.

Appears in 3 contracts

Samples: Change of Control Agreement (Brady W H Co), Change of Control Agreement (Brady W H Co), Control Agreement (Brady W H Co)

PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL. (a) Following Termination Due to Change of Control, the Executive shall be paid an amount equal to two times the annual base salary paid the Executive by the Corporation in effect immediately prior to the date the Change of Control occurs, and two times the average bonus payment received in the three years immediately prior to the date the Change of Control occurs. Such amount shall be paid in 24 monthly installments beginning on the 15th day of the month following the month in which the Executive’s 's employment with the Corporation terminates.

Appears in 3 contracts

Samples: Brady Corporation (Brady Corp), Brady Corporation (Brady Corp), Brady Corporation (Brady Corp)

PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL. (a) Following Termination Due to Change of Control, the Executive shall be paid an amount equal to two times the annual base salary paid the Executive by the Corporation in effect immediately prior to the date the Change of Control occurs, and two times the average bonus payment received in the three years immediately prior to the date the Change of Control occurs. Such amount shall be paid in 24 monthly installments beginning on the 15th day of the month following the month in which the Executive’s employment with the Corporation terminates.

Appears in 2 contracts

Samples: Brady Corporation (Brady Corp), Brady Corporation (Brady Corp)

PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL. (a) Following Termination Due to Change of Control, the Executive shall be paid an amount equal to two times the annual base salary paid the Executive by the Corporation in effect immediately prior to the date the Change of Control occurs, and two times the average bonus payment received in the three years immediately prior to the date the Change of Control occurs. Such amount shall be paid in 24 12 monthly installments beginning on the 15th day of the month following the month in which the Executive’s employment with the Corporation terminates.

Appears in 2 contracts

Samples: Change of Control Agreement (Brady Corp), Brady Corporation Change of Control Agreement (Brady Corp)

PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL. (a) Following Termination Due to Change of Control, the Executive shall be paid an amount equal to two times the annual base salary paid the Executive by the Corporation in effect immediately prior to the date the Change of Control occurs, and two times the average bonus payment received in the three two years immediately prior to the date the Change of Control occurs. Such amount shall be paid in 24 monthly installments beginning on the 15th day of the month following the month in which the Executive’s employment with the Corporation terminates.

Appears in 1 contract

Samples: Brady Corporation Change of Control Agreement (Brady Corp)

PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL. (a) Following Termination Due to Change of Control, the Executive shall be paid an amount equal to two three times the annual base salary paid the Executive by the Corporation in effect immediately prior to the date the Change of Control occurs, and two three times the average bonus payment received in the three years immediately prior to the date the Change of Control occurs. Such amount shall be paid in 24 36 monthly installments beginning on the 15th day of the month following the month in which the Executive’s 's employment with the Corporation terminates.

Appears in 1 contract

Samples: Brady Corporation Change of Control Agreement (Brady Corp)

PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL. (a) Following Termination Due to Change of Control, the Executive shall be paid an amount equal to two times one time the annual base salary paid the Executive by the Corporation Company in effect immediately prior to the date Date the Change of Control occurs, and two times one time the average SVE bonus payment received in the three years immediately prior to the date the Change of Control occurs. Such amount shall be paid in 24 twelve monthly installments beginning on the 15th day of the month following the month in which the Executive’s 's employment with the Corporation Company terminates.

Appears in 1 contract

Samples: Change of Control Agreement (Brady Corp)

PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL. (a) Following Termination Due to Change of Control, the Executive shall be paid an amount equal to two one times the his annual base salary (exclusive of incentive compensation and fringe benefits) paid the Executive by the Corporation Company in effect immediately prior to the date the Change of Control occurs, and two times the average bonus payment received in the three years immediately prior to the date the Change of Control occurs. Such amount shall be paid in 24 12 monthly installments beginning on the 15th day of the month following the month in which the Executive’s 's employment with the Corporation Company terminates.

Appears in 1 contract

Samples: Change of Control Agreement (Brady Corp)

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PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL. (a) Following Termination Due to Change of Control, the Executive shall be paid an amount equal to two times the her annual base salary (exclusive of incentive compensation and fringe benefits) paid the Executive by the Corporation Company in effect immediately prior to the date the Change of Control occurs, and two times the average bonus payment received in the three years immediately prior to the date the Change of Control occurs. Such amount shall be paid in 24 monthly installments beginning on the 15th day of the month following the month in which the Executive’s 's employment with the Corporation Company terminates.

Appears in 1 contract

Samples: Control Agreement (Brady W H Co)

PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL. (a) Following Termination Due to Change of Control, the Executive shall be paid an amount equal to two three times the annual base salary paid the Executive by the Corporation in effect immediately prior to the date the Change of Control occurs, and two three times the average bonus payment received in the three years immediately prior to the date the Change of Control occurs. Such amount shall be paid in 24 36 monthly installments beginning on the 15th day of the month following the month in which the Executive’s employment with the Corporation terminates.

Appears in 1 contract

Samples: Brady Corporation Change of Control Agreement (Brady Corp)

PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL. (a) Following Termination Due to Change of Control, the Executive shall be paid an amount equal to two times the annual base salary paid the Executive by the Corporation in effect immediately prior to the date the Change of Control occurs, and two times the average bonus payment received in the three two years immediately prior to the date the Change of Control occurs. Such amount shall be paid in 24 monthly installments beginning on the 15th day of the month following the month in which the Executive’s 's employment with the Corporation terminates.

Appears in 1 contract

Samples: Brady Corporation Change of Control Agreement (Brady Corp)

PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL. (a) Following Termination Due to Change of Control, the Executive shall be paid an amount equal to two times the his annual base salary (exclusive of incentive compensation and fringe benefits) paid the Executive by the Corporation Company in effect immediately prior to the date the Change of Control occurs, and two times the average bonus payment received in the three years immediately prior to the date the Change of Control occurs. Such amount shall be paid in 24 monthly installments beginning on the 15th day of the month following the month in which the Executive’s 's employment with the Corporation Company terminates."

Appears in 1 contract

Samples: Change of Control Agreement (Brady Corp)

PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL. (a) Following Termination Due to Change of Control, the Executive shall be paid an amount equal to two three times the annual base salary paid the Executive by the Corporation Company in effect immediately prior to the date the Change of Control occurs, and two three times the average bonus payment received in the three years immediately prior to the date the Change of Control occurs. Such amount shall be paid in 24 36 monthly installments beginning on the 15th day of the month following the month in which the Executive’s 's employment with the Corporation Company terminates.

Appears in 1 contract

Samples: Change of Control Agreement (Brady Corp)

PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL. (a) Following Termination Due to Change of Control, the Executive shall be paid an amount equal to the total of: (i) two times the annual base salary paid the Executive by the Corporation in effect immediately prior to the date the Change of Control occurs, and (ii) two times the average Executive’ target bonus payment received amount in the three years effect immediately prior to the date the Change of Control occurs. Such amount shall be paid in 24 monthly installments beginning on the 15th day of the month following the month in which the Executive’s employment with the Corporation terminates.

Appears in 1 contract

Samples: Change of Control Agreement (Brady Corp)

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