Termination Base Salary definition

Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter.

Termination Base Salary means Executive’s base salary at the rate in effect at the time the Notice of Termination is given or, if a greater amount, Executive’s base salary at the rate in effect immediately prior to the Change of Control.

Termination Base Salary shall be the greater of, the Executive’s base salary at the rate in effect at the time the Notice of Termination, or the Executive’s base salary in place prior to a material reduction in compensation, or the Executive’s base salary in effect immediately prior to a Change of Control.

Examples of Termination Base Salary in a sentence

• Within 15 days of the expiration of the sixty-day period following the termination of Executive’s employment with the Company (during which time Executive complies with the requirements of Section 13 hereof by executing a general release), the Company shall pay to Executive in a lump sum, in cash, an amount equal to one times the sum of Executive’s (i) Termination Base Salary and (ii) Target AICP.

• Within 15 days of the expiration of the sixty-day period following the termination of Executive’s employment with the Company (during which time Executive complies with the requirements of Section 13 hereof by executing a general release), the Company shall pay to Executive in a lump sum, in cash, an amount equal to two times the sum of Executive’s (i) Termination Base Salary and (ii) Target AICP.

• In the case of a termination of this Agreement and Executive’s employment hereunder by the Company for Cause or due to a Voluntary Termination, Base Salary and benefits, including the vesting of any equity awards, payable to Executive shall immediately cease, subject to any requirements of law.

• Termination Base Salary" shall mean Executive's base salary at the rate in effect at the time the Notice of Termination is given or, if a greater amount, Executive's base salary at the rate in effect immediately prior to the Change of Control.

• Within five business days of the date of his termination of employment the Company shall pay to Executive in a lump sum, in cash, an amount equal to three times the sum of Executive's (i) Termination Base Salary and (ii) Bonus.

More Definitions of Termination Base Salary

Termination Base Salary means the highest Base Salary paid to Executive in the three (3) years preceding his employment termination.

Termination Base Salary means that amount equal to Executive’s annual base salary with the Company at the rate in effect immediately prior to the Relocation or, if a greater amount, Executive’s annual base salary at the rate in effect at any time thereafter or during the two-year period prior thereto.

Termination Base Salary means the highest Base Salary paid to Executive in the three (3) years preceding the Qualifying Termination. Payment under this Section 7.4(b) shall be made in a lump sum within ten (10) days following the date of Executive's termination. In no event shall such payments be reduced for any reason (other than in the case of Disability as set forth above), including the fact that Executive is employed by any other entity.

Termination Base Salary means the greatest annual rate of Executive’s base salary in effect during the three-year period ending on the Date of Termination.

Termination Base Salary shall be the greater of the Employee's Base Salary in effect on the Termination Date or the greatest Base Salary in effect during the calendar year immediately prior to the calendar year in which the Termination Date occurs.

Termination Base Salary means Executive's annual base salary with the Corporation at the rate in effect immediately prior to the Change of Control or, if a greater amount, Executive's annual base salary at the rate in effect at any time thereafter.

Termination Base Salary means Employee’s annualized base salary at the rate in effect on the date that (i) a written notice of termination by Employee described in Section 1.4 of this Agreement is received by the Company.