Xxxxxxxxx Amount. The Company shall pay the Executive an amount (the “Disability Severance Amount”) equal to three-quarters (0.75) times the average amount of the Executive’s combined Base Salary during the shorter of (A) three (3) fiscal years immediately preceding the year in which the termination of the Executive’s employment occurs or (B) the period of time beginning on the date of this Agreement and ending on the termination date of Executive’s employment with the Company. The Disability Severance Amount shall be payable in 12 equal monthly installments, commencing with the month immediately following the termination of the Executive’s employment by reason of Disability.
Xxxxxxxxx Amount. A retired teacher who has otherwise satisfied the applicable vesting requirements described in Section 2 above shall be entitled to payments and/or contributions for sick leave days that are unused and accumulated as of the end of the school year in which retirement occurs equal to the product of the following (the “Severance Amount”):
Xxxxxxxxx Amount. Rackspace will pay you Nine Hundred Sixty Two Thousand Five Hundred Dollars ($962,500), less applicable withholdings and other ordinary payroll deductions (the “Severance Amount”). This Severance Amount does not include any unpaid wages or earned commissions, or the other payments outlined below, which will be paid separately. The Severance Amount will be paid in 24 equal, biweekly installments, beginning on the first Company payroll date that is at least 60 days after the Employment End Date These installment payments will continue until all payments have been made unless you are in breach of or do not comply with any of the restrictive covenants set forth in sections 8, 9 and 10, as determined by the Company.
Xxxxxxxxx Amount. (i) Upon the occurrence of a Triggering Event, Employee shall be entitled to receive the Severance Amount, as defined below. Employee shall receive an amount equal to two (2) years of his Base Salary (as determined on the date of the Triggering Event) as the Severance Amount, which shall be payable in equal installments beginning on the date of termination of employment, and shall continue to be paid for an additional twenty-three (23) month period thereafter according to the Company's payroll practices and procedures in effect at the time of the Triggering Event, but at least on a monthly basis. The obligation of the Company under this Subsection 5E(i) shall be the sole and exclusive obligation of the Company to Employee upon the occurrence of a Triggering Event.
Xxxxxxxxx Amount. Except as set forth in the following sentence with respect to a Change of Control, the “Severance Amount” will be the product of (i) 1.5, multiplied by (ii) Employee’s annual base salary at the time of termination of Employee’s employment. If Employee is terminated following a Change of Control (as that phrase is defined in the Corporation’s Executive Officer Severance Plan) and before the second anniversary of the Change of Control, then the Severance Amount will be the product of (i) 1.5, multiplied by (ii) the sum of (A) Employee’s annual base salary at the time of termination of Employee’s employment and (B) the target bonus amount that Employee was eligible to earn in the year of termination under the Corporation’s cash bonus plan at 100% achievement against Corporation budgets. In either case, the Severance Amount will be paid in approximately equal installments, as determined by the Corporation in its sole and absolute discretion, at regular payroll intervals over a period of eighteen (18) months, beginning on the next regularly scheduled payday coinciding with or immediately following the 60th day after the termination of the Employee’s employment and continuing until the end of such eighteen (18) month period.
Xxxxxxxxx Amount. The Company shall pay to the Employee, as severance pay in connection with termination of employment, an aggregate amount of $1,170,000 (the “Severance Amount”). The Severance Amount shall be payable in eighteen (18) consecutive monthly installments of $65,000 each, the first payment to be made on or around August 15, 2016 and the other payments to be made on the fifteenth (or the last business day immediately preceding the fifteenth) of each succeeding month thereafter. Each such payment shall be subject to applicable tax withholding requirements. The Severance Amount shall be in lieu of any other Severance Amounts to which the Employee may be entitled under the Assurant, Inc. Change of Control Employment Agreement for Divisional Officers by and between the Company and the Employee dated January 1, 2009 and under any other severance plan, program or policy of the Company or any subsidiary.
Xxxxxxxxx Amount. The Company agrees to pay Employee a total of Two Hundred Thirty Four Thousand Dollars ($234,000), (the “Severance Amount”), in four equal installments of $58,500.00, subject to all applicable withholdings, on the Company’s first payroll dates following July 1, 2023, August 1, 2023, September 1, 2023, and October 1, 2023, respectively.
Xxxxxxxxx Amount. The Company shall pay to the Executive severance compensation in an aggregate amount equal to two and one half (2.5) times the Executive's Total Compensation (the "Severance Amount").
Xxxxxxxxx Amount. Rackspace will pay you $415,000, less applicable withholdings and other ordinary payroll deductions (the “Severance Amount”). This Severance Amount does not include any unpaid wages through your Employment End Date, earned commissions, if applicable, or the other payments outlined below, which will be paid separately. It also does not include payment for any accrued but unused Earned Time Off, which will be paid in accordance with applicable law and current Company policy. The Severance Amount will be paid in 24 equal, biweekly installments, beginning on the next reasonable payroll date after the Effective Date of this Agreement. These installment payments will continue until all payments have been made unless you: (i) are in breach of or do not comply with any of the obligations set forth in this Agreement as determined by the Company or (ii) are rehired by Rackspace in any capacity during the payment period.
Xxxxxxxxx Amount. Each of the Agreements contains the same severance pay provisions.
