Special Severance. Following the expiration or termination of this Agreement by breach or passage or time, if the Executive's employment at any time is terminated without cause, then the Company shall pay the Executive as Special Severance compensation an amount equal to 2.99 times the then current annual Base Salary, payable in 24 equal monthly installments, subject to Section V. F. below. This Special Severance payment shall be reduced by standard withholding and other authorized deductions.
Appears in 4 contracts
Samples: Employment Agreement (Advanced Machine Vision Corp), Employment Agreement (Advanced Machine Vision Corp), Employment Agreement (Advanced Machine Vision Corp)
Special Severance. Following the expiration or termination of this Agreement by breach or passage or timeAgreement, if the Executive's employment at any time is terminated without cause, then the Company shall pay the Executive as Special Severance special severance compensation an amount equal to 2.99 times the then current annual Base Salarytwo years base salary, payable in 24 equal monthly installments, subject to Section V. F. below. This Special Severance special severance payment shall be reduced by standard withholding and other authorized deductions.
Appears in 2 contracts
Samples: Employment Agreement (Arc Capital), Employment Agreement (Arc Capital)
Special Severance. Following the expiration or termination of this Agreement by breach or passage or timeAgreement, if the Executive's employment at any time is terminated without cause, then the Company shall pay the Executive as Special Severance special severance compensation an amount equal to 2.99 times the then current annual Base Salarytwo years' base salary, payable in 24 equal monthly installments, subject to Section V. F. below. This Special Severance special severance payment shall be reduced by standard withholding and other authorized deductions.
Appears in 1 contract
Samples: Employment Agreement (Arc Capital)
