Common use of Xxxxxxxxx Payments Clause in Contracts

Xxxxxxxxx Payments. The Company shall pay Executive cash benefits equal to: (1) two times Executive's Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's usual payroll practice over a period of two years; and (2) the higher of: (A) two times Executive's Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A. 1. of the attached Presidents' Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's employment had been terminated by ARAMARK without Cause on the Termination Date.

Xxxxxxxxx Payments. The Company shall pay Executive cash benefits equal to: (1) two times Executive's ’s Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's ’s usual payroll practice over a period of two years; and (2) the higher of: (A) two times Executive's ’s Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's ’s most recent actual annual bonusBonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's ’s Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty sixty days after the Termination Date; and (4) in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A. 1. of the attached Presidents' Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's employment had been terminated by ARAMARK without Cause on the Termination Date.

Xxxxxxxxx Payments. The Company shall pay Executive cash benefits equal to: (1) two times Executive's ’s Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's ’s usual payroll practice over a period of two years; and (2) the higher of: (A) two times Executive's ’s Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's ’s most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's ’s Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A. 16.A.1. of the attached Presidents' Council Management Committee Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's ’s employment had been terminated by ARAMARK without Cause on the Termination Date.

Xxxxxxxxx Payments. The Company shall pay Executive cash benefits equal to: (1) two times Executive's ’s Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's ’s usual payroll practice over a period of two years; and (2) the higher of: (A) two times Executive's ’s Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's ’s most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(13(a)(l) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's ’s Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A. 16.A.1. of the attached Presidents' ’ Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's ’s employment had been terminated by ARAMARK without Cause on the Termination Date.

Xxxxxxxxx Payments. The Company shall pay Executive cash benefits equal to: (1) two and one-half (2 1⁄2) times Executive's ’s Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided provided, that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be a cash lump sum within sixty days after the Company's usual payroll practice over a period of two yearsTermination Date; and (2) the higher of: two and one-half (A2 1⁄2) two times Executive's ’s Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's most recent actual annual bonus, payable in either case ratably in regular installments at as a cash lump sum within sixty days after the same time as payments are made to Executive under Section 3(a)(1) aboveTermination Date; provided provided, that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's ’s Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) . Notwithstanding the foregoing, in the case of event the Change in Control that results in payments pursuant to this Section 3(a) does not constitute a termination of employment by Executive “change in control” for Good Reason, an amount equal to the severance pay specified in Article 6.A. 1. purposes of the attached Presidents' Council Deferred Compensation Tax Rules, the payments described in this Section 3(a) shall instead each be paid in accordance with Article 6.A.1 of the Aramark Agreement (relating to Employment and Post-Employment Competition, with any excess amounts payable as defined in Section 8 hereof)a cash lump sum within sixty days after the final payment is made pursuant to that Article 6.A.1, payable according to or such earlier date as permitted by the schedule set forth therein, determined as if Executive's employment had been terminated by ARAMARK without Cause on the Termination Date.Deferred Compensation Tax Rules

Xxxxxxxxx Payments. The Company shall pay Executive cash benefits equal to: (1) two times Executive's ’s Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's ’s usual payroll practice over a period of two years; and (2) the higher of: (A) two times Executive's ’s Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times limes Executive's ’s most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(13(a)(l) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's ’s Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A. 1. 6.A.1 of the attached Presidents' ’ Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's ’s employment had been terminated by ARAMARK without Cause on the Termination Date.

Xxxxxxxxx Payments. The Company shall pay Executive cash benefits equal to: (1) two times Executive's ’s Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's ’s usual payroll practice over a period of two years; and (2) the higher of: (A) two times Executive's ’s Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's ’s most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's ’s Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A. 1. of 6.A.1.of the attached Presidents' ’ Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's ’s employment had been terminated by ARAMARK without Cause on the Termination Date.

Xxxxxxxxx Payments. The Company shall pay Executive cash benefits equal to: (1) two and one-half (2 1⁄2) times Executive's ’s Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided provided, that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be a cash lump sum within sixty days after the Company's usual payroll practice over a period of two yearsTermination Date; and (2) the higher of: two and one-half (A2 1⁄2) two times Executive's ’s Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's most recent actual annual bonus, payable in either case ratably in regular installments at as a cash lump sum within sixty days after the same time as payments are made to Executive under Section 3(a)(1) aboveTermination Date; provided provided, that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's ’s Target Bonus (as determined in (2Section 3(a)(2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) . Notwithstanding the foregoing, in the case of event the Change in Control that results in payments pursuant to this Section 3(a) does not constitute a termination of employment by Executive “change in control” for Good Reason, an amount equal to the severance pay specified in Article 6.A. 1. purposes of the attached Presidents' Council Deferred Compensation Tax Rules, the payments described in this Section 3(a) shall instead each be paid in accordance with Article 6.A.1 of the Aramark Agreement (relating to Employment and Post-Employment Competition, with any excess amounts payable as defined in Section 8 hereof)a cash lump sum within sixty days after the final payment is made pursuant to that Article 6.A.1, payable according to or such earlier date as permitted by the schedule set forth therein, determined as if Executive's employment had been terminated by ARAMARK without Cause on the Termination DateDeferred Compensation Tax Rules.

Xxxxxxxxx Payments. The Within the later of (i) fifteen business days after the Termination Date or (ii) the expiration of the revocation period, if applicable, under the Release (the “Payment Period”), except with respect to any additional bonus amount payable after the Payment Period to the extent required pursuant to clause (3) below, the Company shall pay Executive a cash benefits lump sum equal to: (1) two the Severance Multiple times the greater of Executive's ’s Base Salary in effect on (i) immediately prior to the date of the Change of Control or (ii) immediately prior to the event set forth in the notice of termination giving rise to the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's usual payroll practice over a period of two years; and (2) the higher of: (A) two Severance Multiple times Executive's Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reductionBonus; and (3) Executive's ’s Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company or any of its Subsidiaries in the Company fiscal year in which the Termination Date Executive’s termination occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after 365 (the “Bonus Fraction”); provided that if the Termination DateDate occurs after more than 75% of the Company’s fiscal year has elapsed, then, if it is ultimately determined that the Bonus Executive would have been entitled to receive for the fiscal year in which such Termination Date occurs, determined based solely upon actual Company performance for such fiscal year and excluding any qualitative performance criteria that would otherwise apply to such determination (i.e., assuming any qualitative or subjective performance requirements were satisfied in full) (the “Year-End Bonus”), is greater than the Target Bonus, within 15 business days following such determination (and in any event, no later than the date annual bonuses for such fiscal year are otherwise paid to active employees of the Company), the Company shall also pay Executive an amount in cash equal to the excess of the Year-End Bonus over the Target Bonus multiplied by the Bonus Fraction; and (4) in the case event of a termination of employment by Executive for Good Reasonan Anticipatory Termination, an amount equal to Executive’s Base Salary from the severance pay specified in Article 6.A. 1. date of the attached Presidents' Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's employment had been terminated by ARAMARK without Cause on ’s termination through the Termination DateDate and any Bonus for the previously completed fiscal year, if not previously paid due to Executive’s earlier termination of employment.

Xxxxxxxxx Payments. The Company shall pay Executive cash benefits equal to: (1) two times Executive's ’s Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's ’s usual payroll practice over a period of two years; and (2) the higher of: (A) two times Executive's ’s Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's ’s most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's ’s Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A. 1. of the attached Presidents' Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's employment had been terminated by ARAMARK without Cause on the Termination Date.

Xxxxxxxxx Payments. The Company shall pay Executive cash benefits equal to: (1) two times Executive's ’s Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's ’s usual payroll practice over a period of two years; and (2) the higher of: (A) two times Executive's ’s Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's ’s most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's ’s Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A. 1. 6.A.I. of the attached Presidents' ’ Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's ’s employment had been terminated termination by ARAMARK without Cause on the Termination Date.

Xxxxxxxxx Payments. The Within the later of (i) 15 business days after the Termination Date or (ii) the expiration of the revocation period, if applicable, under the Release (the “Payment Period”), except with respect to any additional bonus amount payable after the Payment Period to the extent required pursuant to clause (3) below, the Company shall pay Executive a cash benefits lump sum equal to: (1) two the Severance Multiple times the greater of Executive's ’s Base Salary in effect on (i) immediately prior to the date of the Change of Control or (ii) immediately prior to the event set forth in the notice of termination giving rise to the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's usual payroll practice over a period of two years; and (2) the higher of: (A) two Severance Multiple times Executive's Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reductionBonus; and (3) Executive's ’s Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company or any of its Subsidiaries in the Company fiscal year in which the Termination Date Executive’s termination occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after 365 (the “Bonus Fraction”); provided that if the Termination DateDate occurs after more than 75% of the Company’s fiscal year has elapsed, then, if it is ultimately determined that the Bonus Executive would have been entitled to receive for the fiscal year in which such Termination Date occurs, determined based solely upon actual Company performance for such fiscal year and excluding any qualitative performance criteria that would otherwise apply to such determination (i.e., assuming any qualitative or subjective performance requirements were satisfied in full) (the “Year-End Bonus”), is greater than the Target Bonus, within 15 business days following such determination (and in any event, no later than the date annual bonuses for such fiscal year are otherwise paid to active employees of the Company), the Company shall also pay Executive an amount in cash equal to the excess of the Year-End Bonus over the Target Bonus multiplied by the Bonus Fraction; and (4) in the case event of a termination of employment by Executive for Good Reasonan Anticipatory Termination, an amount equal to Executive’s Base Salary from the severance pay specified in Article 6.A. 1. date of the attached Presidents' Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's employment had been terminated by ARAMARK without Cause on ’s termination through the Termination DateDate and any Bonus for the previously completed fiscal year, if not previously paid due to Executive’s earlier termination of employment.

Xxxxxxxxx Payments. The Company shall pay Executive cash benefits equal to: : (1) two times Executive's ’s Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect 15 immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's ’s usual payroll practice over a period of two years; and and (2) the higher of: (A) two times Executive's ’s Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's ’s most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and and (3) Executive's ’s Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A. 1. of the attached Presidents' Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's employment had been terminated by ARAMARK without Cause on the Termination Date.

Xxxxxxxxx Payments. The Company shall pay Executive cash benefits equal to: (1) two times Executive's ’s Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's ’s usual payroll practice over a period of two years; and (2) the higher of: (A) two times Executive's ’s Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's ’s most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's ’s Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A. 16.A.1. of the attached Presidents' ’ Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's ’s employment had been terminated by ARAMARK without Cause on the Termination Date.