The Applicable Compensation. of Executive shall mean the greater of (i) the highest amount of Compensation earned by Executive for any one of the three full calendar years ended immediately before Executive's employment terminates, or (ii) an amount equal to 155% of Executive's annual base salary for the year in which Executive's employment terminates.
Appears in 3 contracts
Samples: Executive Continuity Agreement (Trigon Healthcare Inc), Executive Continuity Agreement (Trigon Healthcare Inc), Executive Continuity Agreement (Trigon Healthcare Inc)
The Applicable Compensation. of Executive shall mean the greater of (i) the highest amount of Compensation earned received by Executive for during any one of the three full calendar years ended immediately before the Executive's employment terminates, or (ii) an amount equal to 155% of Executive's annual base salary for the year in which Executive's employment terminates.
Appears in 2 contracts
Samples: Executive Continuity Agreement (Trigon Healthcare Inc), Executive Continuity Agreement (Trigon Healthcare Inc)
