Common use of Termination Due to a Qualifying Event Clause in Contracts

Termination Due to a Qualifying Event. If the Executive’s employment with NWL is terminated as the result of an event described in Section 3(a) above, the Executive shall be entitled to receive the following payments and benefits from NWL: (1) NWL shall pay the Executive in a single sum in cash, within ten business days after his termination date, the aggregate of the following amounts: (A) the sum of the Executive’s currently effective annual base salary through the termination date and any accrued vacation pay; and (B) an amount equal to one times the sum of the Executive’s annual base salary plus one times his target bonus; and

Termination Due to a Qualifying Event. If the Executive’s employment with NWL is terminated as the result of an event described in Section 3(a) above, the Executive shall be entitled to receive the following payments and benefits from NWL: (1) NWL shall pay the Executive in a single sum in cash, within ten business days after his termination date, the aggregate of the following amounts: : (A) the sum of the Executive’s currently effective annual base salary through the termination date and any accrued vacation pay; and (B) an amount equal to one times the sum of the Executive’s annual base salary plus one times his target bonus; and