Common use of Severance Amount Clause in Contracts

Severance Amount. Within thirty (30) days after the Entitlement Date, the Company shall pay to the Executive as severance pay in a lump sum, in cash, an amount equal to one and one-half (1 1/2) times an amount equal to the Executive's then-current Annual Base Salary.

Appears in 3 contracts

Samples: Employment Agreement (Angelica Corp /New/), Employment Agreement (Angelica Corp /New/), Employment Agreement (Angelica Corp /New/)

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Severance Amount. Within thirty (30) days after the ----------------- Entitlement Date, the Company shall pay to the Executive as liquidated damages severance pay in a lump sum, in cash, an amount equal to one and one-half (1 1/2) 2.99 times an amount equal to the Executive's his then-current Annual Base SalarySalary and Current Target Bonus.

Appears in 1 contract

Samples: Employment Agreement (Lakeland Industries Inc)

Severance Amount. Within thirty (30) days ---------------- after the Entitlement Date, the Company shall pay to the Executive as liquidated damages severance pay in a lump sum, in cash, an amount equal to one and one-half (1 1/2) 2.99 times an amount equal to the Executive's his then-current Annual Base SalarySalary and Current Target Bonus.

Appears in 1 contract

Samples: Employment Agreement (Lakeland Industries Inc)

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Severance Amount. Within thirty (30) days ---------------- after the Entitlement Date, the Company shall pay to the Executive as severance pay in a lump sum, sum in cash, an amount equal to one and one-half (1 1/2) two times an amount equal to the Executive's his then-current Annual Base SalarySalary and Current Target Bonus.

Appears in 1 contract

Samples: Employment Agreement (Angelica Corp /New/)

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