Change in Control Severance Multiple definition

Change in Control Severance Multiple means the multiplier that shall be used to determine cash Separation Benefits paid to the Participant as shown on Schedule B and which is to be used if the Participant’s Separation is without Cause or – for certain Participants – for Good Reason in connection with a Change in Control.
Sample 1Sample 2Sample 3
Change in Control Severance Multiple means (i) 2.5 for the Chief Executive Officer of TGH and (ii) two (2) for all other Participants.
Sample 1Sample 2Sample 3
Change in Control Severance Multiple means that change in control severance multiple set forth opposite such Covered Employee’s name on Exhibit A under the column “Change in Control Severance Multiple.”
Sample 1Sample 2

Examples of Change in Control Severance Multiple in a sentence

  • The Covered Employee shall be entitled to receive severance pay in an amount equal to the Change in Control Severance Multiple times the Base Amount, payable in a single lump sum on the First Payment Date, except as otherwise provided in clause (g) of Exhibit C.

  • If so indicated on Exhibit A, the Covered Employee shall be entitled to receive additional severance pay in an amount equal to the Change in Control Severance Multiple times the Bonus Amount, payable in a single lump sum on the First Payment Date, except as otherwise provided in clause (g) of Exhibit C.(iii)Unpaid Earned Bonus.

  • The term 'Change in Control Severance Multiple' shall mean [three (3)] [OR] [two and one-half (2.5)] [OR] [two (2)].

  • If Executive’s employment is terminated for Disability or by the Company without Cause or by Executive for Good Reason and, after such termination, Executive becomes entitled to payments based on the Change in Control Severance Multiple, Executive shall receive the payments pursuant to the Change in Control Severance Multiple, in a lump sum at the time of the Change in Control, less the amount of any payments previously paid pursuant to Sections 5(a) and 5(b) of this Agreement.


More Definitions of Change in Control Severance Multiple

Change in Control Severance Multiple means 2.5 for Tier I Participants, 2.0 for Tier II Participants and 1.0 for Tier III Participants.
Sample 1
Change in Control Severance Multiple means the following number, as applicable: (i) 2.0 with respect to the Tier I Participant, (ii) 1.0 with respect to any Tier II Participant, and (iii) 0.5 with respect to any Tier III Participant.
Sample 1

Related to Change in Control Severance Multiple

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 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)

  • Change in Control means the occurrence of any of the following events: