Common use of Salary and Other Payments at Termination Clause in Contracts

Salary and Other Payments at Termination. Executive shall be entitled to receive payment in cash in the amount of three (3) times Executive's Earnings (at such time as defined in this Section 24 (a)). Payment shall be made in lump sum to the Executive within 30 days of termination. For purposes of this Agreement, "Earnings" shall mean the sum of (i) Executive's annual Base Salary as approved by the Parent Board for the year in which the Change in Control occurs, plus (ii) the Target Bonus Executive would have been entitled to receive for the calendar year in which the Change in Control occurs as if the performance targets had been achieved.

Salary and Other Payments at Termination. Executive shall be entitled to receive payment in cash in the amount of three (3) times Executive's ’s Earnings (at such time as defined in this Section 24 (a)). Payment shall be made in lump sum to the Executive within 30 days of termination. For purposes of this Agreement, "“Earnings" ” shall mean the sum of (i) Executive's ’s annual Base Salary as approved by the Parent Board for the year in which the Change in Control occurs, plus (ii) the Target Bonus Executive would have been entitled to receive for the calendar year in which the Change in Control occurs as if the performance targets had been achieved.

Salary and Other Payments at Termination. Executive shall be entitled to receive payment in cash in the amount of three (3) times Executive's ’s Earnings (at such time as defined in this Section 24 (a24(a)). Payment shall be made in lump sum to the Executive within 30 days of termination. For purposes of this Agreement, "“Earnings" ” shall mean the sum of (i) Executive's ’s annual Base Salary as approved by the Parent Board for the year in which the Change in Control occurs, plus (ii) the Target Bonus Executive would have been entitled to receive for the calendar year in which the Change in Control occurs as if the performance targets had been achieved.