Xxxxxxxxx Payment. Executive shall receive cash in an amount equal to the sum of (i) two (2) times Executive’s then-current base salary and (ii) Executive’s target annual cash incentive compensation under the MICP (or any other similar annual non-equity compensation plan of the Company) for the fiscal year in which Executive’s employment is terminated.
Appears in 6 contracts
Samples: Restricted Covenants, Severance & Change in Control Agreement (Patterson Companies, Inc.), Inducement, Severance & Change in Control Agreement (Patterson Companies, Inc.), Inducement, Severance & Change in Control Agreement (Patterson Companies, Inc.)
Xxxxxxxxx Payment. Executive shall receive a lump sum cash payment in an amount equal to the sum of (i) two three (23) times Executive’s then-current base salary Base Salary and (ii) Executive’s target annual cash incentive compensation under the MICP (or any other similar annual non-equity compensation plan of the Company) for the fiscal year in which Executive’s employment is terminated.
Appears in 2 contracts
Samples: Employment Agreement (Patterson Companies, Inc.), Employment Agreement (Patterson Companies, Inc.)
