Common use of Additional Severance Clause in Contracts

Additional Severance. a. You or your legal representative, as the case may be, shall receive payment of $2,000,000, if and only if, (i) your employment is terminated pursuant to Section 9(b), 9(c), 9(d) or 9(e), (ii) your Termination Date is after December 31, 2017, and (iii) the Compensation Committee determines, in its sole discretion, that Activision Blizzard’s [i] 2017 OI is $1 or greater and [ii] 2017 OI is 90% or greater than the 2017 AOP OI Objective; b. You or your legal representative, as the case may be, shall receive payment of $2,000,000, if an only if, (i) your employment is terminated pursuant to Section 9(b), 9(c), 9(d) or 9(e), (ii) your Termination Date is after December 31, 2018, and (iii) the Compensation Committee determines, in its sole discretion, that Activision Blizzard’s [i] 2018 OI is $1 or greater and [ii] 2018 OI is 90% or greater than the 2018 AOP OI Objective; and c. You or your legal representative, as the case may be, shall receive payment of $2,000,000, if an only if, (i) your employment is terminated pursuant to Section 9(b),9(c), 9(d) or 9(e), (ii) your Termination Date is after December 31, 2019, and (iii) the Compensation Committee determines, in its sole discretion, that Activision Blizzard’s [i] 2019 OI is $1 or greater and [ii] 2019 OI is 90% or greater than the 2019 AOP OI Objective. The amounts set forth in Sections 10(c)(iv)a. through 10(c)(iv)c. are intended to be cumulative to the extent the applicable conditions are satisfied; provided, however, no payment pursuant to Section 10(c)(iv)a., 10(c)(iv)b., or 10(c)(iv)c. shall be due to you if your Termination Date is on or after June 29, 2020. All amounts owed pursuant to this Section 10(c)(iv) will be paid within 30 days after the date the Compensation Committee determines that the applicable OI conditions have been achieved (if any), provided that this is no sooner than the 60th day following the Termination Date, and will be subject to applicable taxes and withholdings.

Additional Severance. a. You or your legal representative, as the case may be, shall receive payment of $2,000,0001,666,667, if and only if, (i) your employment is terminated pursuant to Section 9(b), 9(c), 9(d) or 9(e), (ii) your Termination Date is after December 31, 20172020 but before March 30, 2022, and (iii) the Compensation Committee determines, in its sole discretion, that Activision Blizzard’s [i] 2017 OI is $1 or greater and [ii] 2017 2020 OI is 90% or greater than the 2017 2020 AOP OI Objective; b. You or your legal representative, as the case may be, shall receive payment of $2,000,0001,666,667, if an only if, (i) your employment is terminated pursuant to Section 9(b), 9(c), 9(d) or 9(e), (ii) your Termination Date is after December 31, 20182021 but before March 30, 2022, and (iii) the Compensation Committee determines, in its sole discretion, that Activision Blizzard’s [i] 2018 OI is $1 or greater and [ii] 2018 2021 OI is 90% or greater than the 2018 2021 AOP OI Objective; and c. You or your legal representative, as the case may be, shall receive payment of $2,000,0001,666,667, if an only if, (i) your employment is terminated pursuant to Section 9(b),9(c), 9(d) or 9(e), (ii) your Termination Date is after December 31, 20192022 but before March 30, 2023, and (iii) the Compensation Committee determines, in its sole discretion, that Activision Blizzard’s [i] 2019 OI is $1 or greater and [ii] 2019 2022 OI is 90% or greater than the 2019 2022 AOP OI Objective. The amounts set forth in Sections 10(c)(iv)a. through 10(c)(iv)c. are intended to be cumulative to the extent the applicable conditions are satisfied; provided, however, no payment pursuant to Section 10(c)(iv)a., 10(c)(iv)b., or 10(c)(iv)c. shall be due to you if your Termination Date is on or after June 29, 2020. All amounts owed pursuant to this Section 10(c)(iv) will be paid within 30 days after the date the Compensation Committee determines that the applicable OI conditions have been achieved (if any), provided that this is no sooner than the 60th day following the Termination Date, and will be subject to applicable taxes and withholdings.

Additional Severance. a. You or your legal representative, as the case may be, shall receive payment of $2,000,000766,667, if and only if, (i) your employment is terminated pursuant to Section 9(b), 9(c), 9(d) or 9(e), (ii) your Termination Date is after December 31, 2017, and (iii) the Compensation Committee determines, in its sole discretion, that Activision Blizzard’s [i] 2017 OI is $1 or greater and [ii] 2017 OI is 90% or greater than the 2017 AOP OI Objective; b. You or your legal representative, as the case may be, shall receive payment of $2,000,000, if an only if, (i) your employment is terminated pursuant to Section 9(b), 9(c), 9(d) or 9(e), (ii) your Termination Date is after December 31, 2018, and (iii) the Compensation Committee determines, in its sole discretion, that Activision Blizzard’s [i] 2018 OI is $1 or greater and [ii] 2018 OI is 90% or greater than the 2018 AOP OI Objective; and c. You or your legal representative, as the case may be, shall receive payment of $2,000,000, if an only if, (i) your employment is terminated pursuant to Section 9(b),9(c), 9(d) or 9(e), (ii) your Termination Date is after December 31, 2019, and (iii) the Compensation Committee determines, in its sole discretion, that Activision Blizzard’s [i] 2019 OI is $1 or greater and [ii] 2019 OI is 90% or greater than the 2019 AOP OI Objective. ; and b. You or your legal representative, as the case may be, shall receive payment of $766,667, if and only if, (i) your employment is terminated pursuant to Section 9(b), 9(c) or 9(e), (ii) your Termination Date is after December 31, 2020, and (iii) the Compensation Committee determines, in its sole discretion, that Activision Blizzard’s [i] 2020 OI is $1 or greater and [ii] 2020 OI is 90% or greater than the 2020 AOP OI Objective. c. You or your legal representative, as the case may be, shall receive payment of $766,667, if and only if, (i) your employment is terminated pursuant to Section 9(b), 9(c) or 9(e), (ii) your Termination Date is after December 31, 2021, and (iii) the Compensation Committee determines, in its sole discretion, that Activision Blizzard’s [i] 2021 OI is $1 or greater and [ii] 2021 OI is 90% or greater than the 2021 AOP OI Objective The amounts set forth in Sections 10(c)(iv)a. through 10(c)(iv)c. are intended to be cumulative to the extent the applicable conditions are satisfied; provided, however, no payment pursuant to Section 10(c)(iv)a.. or 10(c)(iv)b. shall be due to you if your Termination Date is on or after July 31, 10(c)(iv)b.2021, or and no payment pursuant to Section 10(c)(iv)c. shall be due to you if your Termination Date is on or after June 29July 31, 20202022. All amounts owed pursuant to this Section 10(c)(iv) will be paid within 30 days after the date the Compensation Committee determines that the applicable OI conditions have been achieved (if any), provided that this is no sooner than the 60th day following the Termination Date, and will be subject to applicable taxes and withholdings.

Additional Severance. a. You or your legal representative, as the case may be, shall receive payment of $2,000,000650,000, if and only if, (i) your employment is terminated pursuant to Section 9(b), ) or 9(c), 9(d(ii) your Termination Date is after December 31, 2016, and (iii) the Compensation Committee determines, in its sole discretion, that Activision Blizzard’s [i] 2016 OI is $1or greater and [ii] 2016 OI is 85% or greater than the 2016 AOP OI Objective; b. You or your legal representative, as the case may be, shall receive payment of $650,000, if an only if, (i) your employment is terminated pursuant to Section 9(b) or 9(e9(c), (ii) your Termination Date is after December 31, 2017, and (iii) the Compensation Committee determines, in its sole discretion, that Activision Blizzard’s [i] 2017 OI is $1 or 1or greater and [ii] 2017 OI is 9085% or greater than the 2017 AOP OI Objective; b. c. You or your legal representative, as the case may be, shall receive payment of $2,000,000650,000, if an only if, (i) your employment is terminated pursuant to Section 9(b), 9(c), 9(d) or 9(e9(c), (ii) your Termination Date is after December 31, 2018, and (iii) the Compensation Committee determines, in its sole discretion, that Activision Blizzard’s [i] 2018 OI is $1 or 1or greater and [ii] 2018 OI is 9085% or greater than the 2018 AOP OI Objective; and c. d. You or your legal representative, as the case may be, shall receive payment of $2,000,000650,000, if an only if, (i) your employment is terminated pursuant to Section 9(b),9(c), 9(d9(b) or 9(e9(c), (ii) your Termination Date is after December 31, 2019, and (iii) the Compensation Committee determines, in its sole discretion, that Activision Blizzard’s [i] 2019 OI is $1 or 1or greater and [ii] 2019 OI is 9085% or greater than the 2019 AOP OI Objective. The amounts set forth in Sections 10(c)(iv)a10(d)(v)a. through 10(c)(iv)c10(d)(v)d. are intended to be cumulative to the extent the applicable conditions are satisfied; provided, however, no payment pursuant to Section 10(c)(iv)a10(d)(v)a., 10(c)(iv)b10(d)(v)b., or 10(c)(iv)c10(d)(v)c. shall be due to you if your Termination Date is on or after June 29May 31, 20202019. All amounts owed pursuant to this Section 10(c)(iv10(d)(v) will be paid within to you no later than the later of the 60th day following the Termination Date and 30 days after the date the Compensation Committee determines that the applicable OI conditions have been achieved (if any), provided that this is no sooner than the 60th day following the Termination Date, and will be subject to applicable taxes and withholdings.taxes; and