Examples of Cash Compensation Amount in a sentence
The CIC Cash Compensation Amount will be paid in one lump sum within ten (10) days following the Release Effective Date.
Subject to the provisions of Section 6.11, the Cash Compensation Amount will be paid in equal installments on the Company’s standard payroll dates over a period of 12 months following Executive’s separation from service; provided, however, that any amounts that would otherwise be scheduled to be paid prior to the Release Effective Date shall instead accrue and be paid during the first payroll period following the Release Effective Date, and all other payments shall be made as originally scheduled.
The CIC Cash Compensation Amount will be paid in one lump sum within ten (10) days following the Effective Date of the Release.
Each monthly severance payment shall be equal to the Average Monthly Cash Compensation Amount.
When calculating the Average Monthly Cash Compensation Amount, any annual incentive bonus payments that were issued in the form of stock pursuant to the Senior Management Incentive Plan shall be treated as if they were paid in cash; however, no other non-cash payments or benefits shall be included when calculating the Average Monthly Cash Compensation Amount.
In the event Executive has been employed less than three (3) years, the Average Monthly Cash Compensation Amount shall be determined by using Executive’s compensation history with Employer to determine the monthly compensation formula for purposes of this paragraph.
Subject to the provisions of Section 6.11, the Cash Compensation Amount will be paid in equal installments on the Company’s standard payroll dates over a period of 15 months commencing with the first payroll period following the effectiveness of the Release.
Subject to the provisions of Section 6.11, the Cash Compensation Amount will be paid in equal installments on the Company’s standard payroll dates over a period of 12 months commencing with the first payroll period following the effectiveness of the Release.
Subject to the provisions of Section 6.11, the Cash Compensation Amount will be paid in equal installments on the Company’s standard payroll dates over a period of 18 months following Executive’s separation from service; provided, however, that any amounts that would otherwise be scheduled to be paid prior to the Release Effective Date shall instead accrue and be paid during the first payroll period following the Release Effective Date, and all other payments shall be made as originally scheduled.
In the event Executive has been employed by Employer less than three (3) years from the Effective Date, the Average Monthly Cash Compensation Amount shall be determined by using Executive’s compensation history with Employer for services performed from the Effective Date to determine the monthly compensation formula for purposes of this paragraph.