CIC Multiple definition

CIC Multiple means a factor of (i) two and ninety-nine one-hundredths (2.99) with respect to the Chief Executive Officer of American Electric Power Service Corporation and such other Executives who are nominated for such factor by the Chief Executive Officer of American Electric Power Service Corporation and approved by the Human Resources Committee of the Board of the Corporation; or (ii) two (2.00) with respect to all other Executives.
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CIC Multiple means 1.5.
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CIC Multiple means 2.0.
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Examples of CIC Multiple in a sentence

  • Executive will receive a lump sum severance payment equal to (x) CIC Multiple (as defined below) multiplied by (y) the sum of (a) Executive’s Base Salary and (b) the Target Bonus, in each case, as then in effect on the date of Executive’s separation from service (and ignoring any reduction related to a Good Reason trigger) (the “CIC Cash Severance”).

  • Executive will receive a lump sum severance payment equal to (x) CIC Multiple (as defined below)multiplied by(y) the sum of (a) Executive’s Base Salary and (b) the Target Bonus, in each case, as then in effect on the date of Executive’s separation from service (and ignoring any reduction related to a Good Reason trigger) (the “CIC Cash Severance”).

  • Executive will receive a lump sum severance payment equal to (x) CIC Multiple (as defined below) multiplied by (y) the sum of (a) Executive’s Base Salary and (b) the Target Bonus (or $250,000 if such termination occurs in 2024), in each case, as then in effect on the date of Executive’s separation from service (and ignoring any reduction related to a Good Reason trigger) (the “CIC Cash Severance”).


More Definitions of CIC Multiple

CIC Multiple means a factor of two and ninety-nine one-hundredths (2.99).
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CIC Multiple means the CIC Multiple set forth on Annex A for the applicable Tier set forth in the Participant’s Participation Notice.
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CIC Multiple means, with respect to any Participant, a whole or fractional number so designated for such Participant in Annex A hereto.
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CIC Multiple means, with respect to any Participant, a whole or fractional number so designated for such Participant in such Participant’s Participation Agreement.
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CIC Multiple means the multiple set forth in the Participant’s Participation Notice and identified therein as the CIC Multiple.
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Related to CIC Multiple

  • Severance Multiple has the meaning set forth on the first page of the Agreement.

  • Applicable ECF Percentage means, for any fiscal year, (a) 50% if the Total Leverage Ratio as of the last day of such fiscal year is greater than or equal to 6.00 to 1.00, (b) 25% if the Total Leverage Ratio as of the last day of such fiscal year is less than 6.00 to 1.00 but greater than or equal to 5.00 to 1.00 and (c) 0% if the Total Leverage Ratio as of the last day of such fiscal year is less than 5.00 to 1.00.

  • Multiplier means the Multiplier specified in the Table.