Applicable Severance Multiple definition

Applicable Severance Multiple means (i) with respect to each Tier 1 Executive, 2.0; (ii) with respect to each Tier 2 Executive, 1.5; and (iii) with respect to each Tier 3 Executive, 1.0.
Sample 1Sample 2Sample 3
Applicable Severance Multiple means one (1); provided, however, that if the Termination Date occurs during a CIC Protection Period, Applicable Severance Multiple means one and a half (1.5); (B) “Change in Control” has the meaning given to such term in the Charah Solutions, Inc. 2018 Omnibus Incentive Plan; (C) “CIC Protection Period” means the period commencing six (6) months before and ending twenty-four (24) months after the date on which a Change in Control occurs; and (D) “First Payment Date” means the Company’s first regularly scheduled pay date that is on or after the date that is sixty (60) days after the Termination Date.
Sample 1Sample 2Sample 3
Applicable Severance Multiple means, (i) with respect to the Company’s Chief Executive Officer, three (3) upon a qualifying termination occurring upon or within two years following a change in control and two (2) upon a qualifying termination occurring outside of such period; and (ii) with respect to any other Participant, two (2) upon a qualifying termination occurring upon or within two years following a change in control and one and one half (1½) upon a qualifying termination occurring outside of such period.
Sample 1Sample 2

Examples of Applicable Severance Multiple in a sentence

  • The Participant’s Applicable Severance Multiple is 2.0, for purposes of Section 5(b) of the Plan and 3.0 for purposes of Section 5(c) of the Plan.

  • Appendix A—Covered Position Categories for Participants and Applicable Severance Multiple Participant Name Tier Title Severance Multiple 1 Chief Executive Officer N/A 2 SVP-Level 0.75x 3 VP-Level 0.50x Appendix B – Executive General Severance Plan RESTRICTIVE COVENANT AGREEMENT THIS RESTRICTIVE COVENANT AGREEMENT (“Agreement”) is made and entered into by and between [NAME] (“Participant”) and Duluth Holdings Inc.

  • Pursuant to the Participant’s participation as an Eligible Individual under the Plan, upon a qualifying termination of employment as provided in Section 5(b) or Section 5(c) of the Plan, the Participant will be entitled to receive certain severance benefits that are based upon the Participant’s Applicable Severance Multiple.

  • Pursuant to the Participant’s participation as an Eligible Individual under the Plan, upon a qualifying termination of employment as provided in Section 5(c) of the Plan, the Participant will be entitled to receive certain severance benefits that are based upon the Participant’s Applicable Severance Multiple.

  • In most cases, the site plan for single applications should be developed from the house location survey provided to you when you purchase your home.

  • The Company shall pay severance to Employee in a total amount equal to (x) the Applicable Severance Multiple (as defined below), multiplied by (y) the sum of Employee’s Base Salary and target STI Award for the year in which the Termination Date occurs (such total severance amount being referred to as the “ Severance Payment”).

  • However, for the purpose of calculating monthly benefits payable as “Salary” under Section 4.2, the total of the amounts listed above shall be divided by 12, in order to represent a monthly amount payable for the number of months in the Applicable Severance Multiple for such Executive.

  • Prepare administrative orders to ensure that oil and gas well operators comply with state laws and regulations and follow appropriate conservation policies and practices.

  • Monthly payments of Salary for such number of months following the Termination Date equal to such Executive’s Applicable Severance Multiple.


More Definitions of Applicable Severance Multiple

Applicable Severance Multiple means the “Applicable Severance Multiple” for an Eligible Executive’s Tier determined in accordance with Exhibit B.
Sample 1Sample 2

Related to Applicable Severance Multiple

  • Severance Multiple means 2.50; provided, however, that notwithstanding the foregoing, for each full month that elapses during the period beginning on the date the Executive attains age 63 and ending on the date the Executive attains age 65, the Severance Multiple shall be reduced by an amount equal to the product of (i) 1/24 and (ii) the excess of (A) the original Severance Multiple set forth above over (B) 1.0 (rounded to the nearest hundredth).

  • Severance Multiplier means, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination occurs within the two (2) year period following a Change in Control, the Severance Multiplier shall instead equal 2.

  • Severance Amount means:

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Severance Period means the period of time commencing on the date of an occurrence of a Change of Control and continuing until the earlier of (i) the date which is one and one-half years following the occurrence of the Change of Control, and (ii) the Executive's death.

  • Average Bonus means the average of the bonuses paid to Employee over the last two years (or such lesser number of years in which Employee was eligible to receive a bonus) in which the Employee was eligible to receive a bonus.

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: Long-Term Ratings* Fitch Applicable Multiplier AAA to AA- 100% A+ to A- 000% BBB+ to BBB- 140% *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Change in Control Benefits means the following benefits:

  • Annual Compensation means an amount equal to the greater of:

  • Change in Control Price means the highest price per share of Stock offered in conjunction with any transaction resulting in a Change in Control (as determined in good faith by the Committee if any part of the offered price is payable other than in cash) or, in the case of a Change in Control occurring solely by reason of a change in the composition of the Board, the highest Fair Market Value of the Stock on any of the 30 trading days immediately preceding the date on which a Change in Control occurs.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Density bonus means a floor area ratio bonus over the otherwise maximum allowable density permitted under the applicable zoning ordinance and land use elements of the general plan of a city, including a charter city, city and county, or county of:

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Average Annual Compensation For the purposes of this Agreement, “Average Annual Compensation” shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Severance Costs means the costs which the employers are legally obliged to pay to or in respect of the Crew as a result of the early termination of any employment contract for service on the Vessel.

  • Accrued Amount has the meaning set forth in Section 3.1(b) of this Agreement.

  • Base Period Income is an amount equal to Executive's "annualized includable compensation" for the "base period" as defined in Sections 280G(d)(1) and (2) of the Code and the regulations adopted thereunder. Generally, Executive's "annualized includable compensation" is the average of Executive's annual taxable income from Company for the "base period," which is the five calendar years prior to the year in which the Change of Control occurs. These concepts are complicated and technical and all of the rules set forth in the applicable regulations apply for purposes of this Agreement.

  • Change in Control Period means the period beginning three (3) months prior to a Change in Control and ending twelve (12) months following a Change in Control.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Average final compensation means the average annual creditable compensation of a member during

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.