Salary and Bonus Amount. The Company will pay to the Officer thirty days after a Qualifying Termination a lump sum cash amount equal to the product obtained by multiplying:
Appears in 5 contracts
Samples: Change in Control Agreement (Haemonetics Corp), Change in Control Agreement (Haemonetics Corp), Employment Agreement (Haemonetics Corp)
Salary and Bonus Amount. The Company will pay to the Officer thirty days after a Qualifying Termination a lump sum cash amount equal to the product obtained by multiplying:multiplying (i) the sum of (A) salary at the annualized rate which was being paid by the Company and/or subsidiaries to the Officer immediately prior to the time of such termination or, if greater, at the time of the Change in Control plus (B) the annual target bonus and/or any other annual cash bonus awards last determined for the Officer or, if greater, most recently paid prior to the Change in Control, by one and one-quarter (1.25).
Appears in 3 contracts
Samples: Officer Special Severance Agreement (Rogers Corp), Officer Special Severance Agreement (Rogers Corp), Officer Special Severance Agreement (Rogers Corp)
Salary and Bonus Amount. The Company will pay to the Officer thirty days after a Qualifying Termination a lump sum cash amount equal to the product obtained by multiplying:multiplying (i) the sum of (A) salary at the annualized rate which was being paid by the Company and/or subsidiaries to the Officer immediately prior to the time of such termination or, if greater, at the time of the Change in Control plus (B) the annual target bonus and/or any other annual cash bonus awards last determined for the Officer or, if greater, most recently paid prior to the Change in Control, (ii) by two and one-half (2.5).
Appears in 2 contracts
Samples: Officer Special Severance Agreement (Rogers Corp), Officer Special Severance Agreement (Rogers Corp)
Salary and Bonus Amount. The Company will pay to the Officer thirty days after a Qualifying Termination a lump sum cash amount equal to the product obtained by multiplying:multiplying (i) the sum of (A) salary at the annualized rate which was being paid by the Company and/or subsidiaries to the Officer immediately prior to the time of such termination or, if greater, at the time of the Change in Control plus (B) the annual target bonus and/or any other annual cash bonus awards last determined for the Officer or, if greater, most recently paid prior to the Change in Control, by (2.5) two and one-half.
Appears in 2 contracts
Samples: Officer Special Severance Agreement (Rogers Corp), Officer Special Severance Agreement (Rogers Corp)
