Common use of Additional Severance Clause in Contracts

Additional Severance. In lieu of any further salary and bonus payments to Executive for periods subsequent to the Date of Termination, or other severance payments, the Company will pay as severance pay to Executive the additional sum equal to: Executive’s annual base salary as of the date of Change in Control, or as of the Date of Termination, whichever is greater. The severance pay provided for in this Section 6.2 shall be transferred to a “Rabbi Trust,” effective as of the Date of Termination, and paid to Executive in twelve (12) equal monthly installments commencing on the first day of the next month following the Date of Termination, and on the first day of each subsequent month, until fully paid.

Additional Severance. In lieu of any further salary and bonus payments to Executive for periods subsequent to the Date date of Terminationtermination, or other severance payments, the Company will pay as severance pay to Executive the additional sum equal to: Executive’s annual base salary as of the date of Change in Control, or as of the Date date of Terminationtermination, whichever is greater. The severance pay provided for in this Section 6.2 6D shall be transferred to a “Rabbi Trust,” effective as of the Date of Termination, and paid to Executive in twelve (12) equal monthly installments commencing on the first day of the next month following the Date date of Terminationtermination, and on the first day of each subsequent month, until fully paid.