Common use of Severance Compensation and Severance Benefits Clause in Contracts

Severance Compensation and Severance Benefits. (a) Pursuant to this Agreement, “Severance Compensation” shall mean, within ten (10) calendar days of the date of termination (the Executive’s last day of employment with the Company): (i) a single cash payment in an amount equal to two times the Executive’s prior year’s annual salary or three hundred thousand ($300,000) dollars, whichever is greater; (ii) payment for accrued and unused vacation for the year of termination; and (iii) payment of the Executive’s prorated bonus compensation, if any, pursuant to Section 3.02 of this Agreement, for the year of termination in accordance with the ordinary payment procedures. (b) Pursuant to this Agreement, “Severance Benefits” shall mean:

Severance Compensation and Severance Benefits. (a) Pursuant to this Agreement, “Severance Compensation” shall mean, within ten (10) calendar days of the date of termination (the Executive’s last day of employment with the Company): (i) a single cash payment in an amount equal to two ten times the Executive’s prior year’s annual salary or three hundred thousand million ($300,0003,000,000) dollars, whichever is greater; (ii) payment for accrued and unused vacation for the year of termination; and (iii) payment of the Executive’s prorated bonus compensation, if any, pursuant to Section 3.02 of this Agreement, for the year of termination in accordance with the ordinary payment procedures. (b) Pursuant to this Agreement, “Severance Benefits” shall mean:

Severance Compensation and Severance Benefits. (a) Pursuant to this Agreement, “Severance Compensation” shall mean, within ten (10) calendar days of the date of termination (the Executive’s last day of employment with the Company): (i) a single cash payment in an amount equal to two three times the Executive’s prior year’s annual salary or three five hundred thousand ($300,000500,000) dollars, whichever is greater; (ii) payment for accrued and unused vacation for the year of termination; and (iii) payment of the Executive’s prorated bonus compensation, if any, pursuant to Section 3.02 of this Agreement, for the year of termination in accordance with the ordinary payment procedures. (b) Pursuant to this Agreement, “Severance Benefits” shall mean:

Severance Compensation and Severance Benefits. (a) Pursuant to this Agreement, “Severance Compensation” shall mean, within ten (10) calendar days of the date of termination (the Executive’s last day of employment with the Company): (i) a single cash payment in an amount equal to two three times the Executive’s prior year’s annual salary or three four hundred thousand ($300,000400,000) dollars, whichever is greater; (ii) payment for accrued and unused vacation for the year of termination; and (iii) payment of the Executive’s prorated bonus compensation, if any, pursuant to Section 3.02 of this Agreement, for the year of termination in accordance with the ordinary payment procedures. (b) Pursuant to this Agreement, “Severance Benefits” shall mean:

Severance Compensation and Severance Benefits. (a) Pursuant to this Agreement, “Severance Compensation” shall mean, within ten (10) calendar days of the date of termination (the Executive’s last day of employment with the Company): (i) a single cash payment in an amount equal to two five times the Executive’s prior year’s annual salary or three hundred thousand one million ($300,0001,000,000) dollars, whichever is greater; (ii) payment for accrued and unused vacation for the year of termination; and (iii) payment of the Executive’s prorated bonus compensation, if any, pursuant to Section 3.02 of this Agreement, for the year of termination in accordance with the ordinary payment procedures. (b) Pursuant to this Agreement, “Severance Benefits” shall mean: