{"component": "clause", "props": {"groups": [{"samples": [{"hash": "3WJux236Yx2", "uri": "/contracts/3WJux236Yx2#additional-severance", "label": "Change in Control and Severance Agreement (Church & Dwight Co Inc /De/)", "score": 37.3285420945, "published": true}, {"hash": "ijNTzicqn3a", "uri": "/contracts/ijNTzicqn3a#additional-severance", "label": "Change in Control and Severance Agreement (Church & Dwight Co Inc /De/)", "score": 27.0862426758, "published": true}, {"hash": "adptMl6Ur1m", "uri": "/contracts/adptMl6Ur1m#additional-severance", "label": "Change in Control and Severance Agreement (Church & Dwight Co Inc /De/)", "score": 27.0862426758, "published": true}], "snippet_links": [{"key": "in-addition-to-the", "type": "clause", "offset": [0, 18]}, {"key": "section-21", "type": "clause", "offset": [44, 55]}, {"key": "termination-or-non", "type": "clause", "offset": [76, 94]}, {"key": "additional-provisions", "type": "clause", "offset": [126, 147]}], "size": 11, "snippet": "In addition to the payments provided for in Section 2.1 and 2.2, upon a CIC Termination or Non-CIC Termination, the following additional provisions shall apply:", "hash": "4f28572bbce84ebc0373fc01c470cfeb", "id": 1}, {"samples": [{"hash": "jVFLsRYHlsF", "uri": "/contracts/jVFLsRYHlsF#additional-severance", "label": "Employment Agreement (Medicis Pharmaceutical Corp)", "score": 21.0, "published": true}, {"hash": "g7euSCvINwN", "uri": "/contracts/g7euSCvINwN#additional-severance", "label": "Employment Agreement (Medicis Pharmaceutical Corp)", "score": 21.0, "published": true}, {"hash": "dsSY3sz40SA", "uri": "/contracts/dsSY3sz40SA#additional-severance", "label": "Employment Agreement (Medicis Pharmaceutical Corp)", "score": 21.0, "published": true}], "snippet_links": [{"key": "in-the-event-of", "type": "definition", "offset": [0, 15]}, {"key": "termination-of-employment", "type": "definition", "offset": [28, 53]}, {"key": "section-51", "type": "clause", "offset": [60, 71]}, {"key": "section-52", "type": "clause", "offset": [83, 94]}, {"key": "lump-sum-cash-payment", "type": "definition", "offset": [111, 132]}, {"key": "day-period", "type": "clause", "offset": [160, 170]}, {"key": "following-the", "type": "definition", "offset": [171, 184]}, {"key": "separation-from-service", "type": "clause", "offset": [211, 234]}, {"key": "equal-to", "type": "definition", "offset": [255, 263]}, {"key": "the-excess", "type": "clause", "offset": [264, 274]}, {"key": "sum-of", "type": "clause", "offset": [301, 307]}, {"key": "rate-of", "type": "clause", "offset": [325, 332]}, {"key": "annual-base-compensation", "type": "definition", "offset": [345, 369]}, {"key": "in-effect", "type": "definition", "offset": [370, 379]}, {"key": "year-period", "type": "definition", "offset": [401, 412]}, {"key": "effective-date-of-termination", "type": "definition", "offset": [439, 468]}, {"key": "highest-annual-bonus", "type": "clause", "offset": [483, 503]}, {"key": "by-executive", "type": "clause", "offset": [513, 525]}, {"key": "the-severance-amount", "type": "clause", "offset": [621, 641]}], "size": 6, "snippet": "In the event of Executive\u2019s termination of employment under Section 5.1 (Death) or Section 5.2 (Disability), a lump sum cash payment during the sixty-five (65) day period following the date on which Executive\u2019s Separation from Service occurs in an amount equal to the excess of:\n(1) two (2) times the sum of:\n(A) the highest rate of Executive\u2019s annual Base Compensation in effect during the three (3) year period immediately preceding the Effective Date of Termination, plus\n(B) the highest annual bonus received by Executive in the three (3) year period immediately preceding the Effective Date of Termination; less\n(2) the Severance Amount.", "hash": "7a821167f52f843b7444c974c798b95d", "id": 2}, {"samples": [{"hash": "jJpdW7DZm6u", "uri": "/contracts/jJpdW7DZm6u#additional-severance", "label": "Employment Agreement (Gateway Energy Corp/Ne)", "score": 21.0, "published": true}, {"hash": "eSNxptQftai", "uri": "/contracts/eSNxptQftai#additional-severance", "label": "Employment Agreement (Gateway Energy Corp/Ne)", "score": 21.0, "published": true}], "snippet_links": [{"key": "in-lieu-of", "type": "clause", "offset": [0, 10]}, {"key": "payments-to-executive", "type": "clause", "offset": [40, 61]}, {"key": "subsequent-to-the", "type": "clause", "offset": [74, 91]}, {"key": "date-of-termination", "type": "definition", "offset": [92, 111]}, {"key": "other-severance-payments", "type": "clause", "offset": [116, 140]}, {"key": "the-company-will", "type": "clause", "offset": [142, 158]}, {"key": "pay-to", "type": "definition", "offset": [176, 182]}, {"key": "two-times", "type": "clause", "offset": [193, 202]}, {"key": "sum-of", "type": "clause", "offset": [207, 213]}, {"key": "annual-base-salary", "type": "definition", "offset": [231, 249]}, {"key": "change-in-control", "type": "definition", "offset": [268, 285]}, {"key": "the-plan", "type": "clause", "offset": [382, 390]}, {"key": "annual-bonus-amount", "type": "clause", "offset": [404, 423]}, {"key": "based-on", "type": "definition", "offset": [433, 441]}, {"key": "fiscal-years", "type": "clause", "offset": [507, 519]}, {"key": "of-the-company", "type": "clause", "offset": [520, 534]}, {"key": "the-year", "type": "definition", "offset": [545, 553]}, {"key": "termination-of-employment", "type": "definition", "offset": [705, 730]}, {"key": "section-62", "type": "clause", "offset": [778, 789]}, {"key": "rabbi-trust", "type": "definition", "offset": [817, 828]}, {"key": "effective-as-of-the", "type": "clause", "offset": [831, 850]}, {"key": "equal-monthly-installments", "type": "clause", "offset": [914, 940]}, {"key": "commencing-on-the", "type": "clause", "offset": [941, 958]}, {"key": "day-of", "type": "clause", "offset": [965, 971]}, {"key": "following-the", "type": "definition", "offset": [987, 1000]}, {"key": "fully-paid", "type": "clause", "offset": [1075, 1085]}], "size": 6, "snippet": "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 two times the sum of:\n(a) Executive's annual base salary as of the date of Change in Control, or as of the Date of Termination, whichever is greater; and\n(b) Executive's annual bonus under the Plan. Executive's annual bonus amount is to be based on the greater of:\n(1) the average of Executive's bonus for the two fiscal years of the Company preceding the year in which the Change in Control occurs; or\n(2) the average of Executive's bonus for the two fiscal years of the Company preceding the year in which the termination of employment occurs. The severance pay provided for in this Section 6.2 shall be transferred to a \u201cRabbi Trust,\u201d effective as of the Date of Termination, and paid to Executive in twenty-four (24) 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.", "hash": "00b1928c566866d58e1cb75999164bb1", "id": 3}, {"samples": [{"hash": "yBrl336rbk", "uri": "/contracts/yBrl336rbk#additional-severance", "label": "Employment Agreement (Activision Blizzard, Inc.)", "score": 28.3566055298, "published": true}], "snippet_links": [{"key": "legal-representative", "type": "definition", "offset": [15, 35]}, {"key": "the-case", "type": "definition", "offset": [40, 48]}, {"key": "payment-of", "type": "definition", "offset": [71, 81]}, {"key": "employment-is-terminated", "type": "clause", "offset": [119, 143]}, {"key": "pursuant-to-section", "type": "clause", "offset": [144, 163]}, {"key": "your-termination-date", "type": "clause", "offset": [195, 216]}, {"key": "after-december", "type": "clause", "offset": [220, 234]}, {"key": "the-compensation-committee", "type": "clause", "offset": [255, 281]}, {"key": "sole-discretion", "type": "definition", "offset": [301, 316]}, {"key": "to-the-extent", "type": "clause", "offset": [1420, 1433]}, {"key": "applicable-conditions", "type": "definition", "offset": [1438, 1459]}, {"key": "no-payment", "type": "clause", "offset": [1494, 1504]}, {"key": "after-june", "type": "clause", "offset": [1620, 1630]}, {"key": "amounts-owed", "type": "definition", "offset": [1645, 1657]}, {"key": "days-after", "type": "definition", "offset": [1716, 1726]}, {"key": "provided-that", "type": "clause", "offset": [1837, 1850]}, {"key": "following-the-termination-date", "type": "clause", "offset": [1887, 1917]}, {"key": "subject-to", "type": "definition", "offset": [1931, 1941]}, {"key": "taxes-and-withholdings", "type": "clause", "offset": [1953, 1975]}], "size": 4, "snippet": "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\u2019s [i] 2017 OI is $1 or greater and [ii] 2017 OI is 90% or greater than the 2017 AOP OI Objective;\nb. 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\u2019s [i] 2018 OI is $1 or greater and [ii] 2018 OI is 90% or greater than the 2018 AOP OI Objective; and\nc. 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\u2019s [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.", "hash": "5c83aca772111593ffae379844ea32e5", "id": 4}, {"samples": [{"hash": "bE5dyjve1x0", "uri": "/contracts/bE5dyjve1x0#additional-severance", "label": "Employment Security Agreement (Ballantyne of Omaha Inc)", "score": 18.0, "published": true}, {"hash": "7O0xq0EIjsg", "uri": "/contracts/7O0xq0EIjsg#additional-severance", "label": "Employment Security Agreement (Ballantyne of Omaha Inc)", "score": 18.0, "published": true}, {"hash": "69aqAajGkjV", "uri": "/contracts/69aqAajGkjV#additional-severance", "label": "Employment Security Agreement (Ballantyne of Omaha Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "in-lieu-of", "type": "clause", "offset": [0, 10]}, {"key": "payments-to-executive", "type": "clause", "offset": [40, 61]}, {"key": "subsequent-to-the", "type": "clause", "offset": [74, 91]}, {"key": "other-severance-payments", "type": "clause", "offset": [115, 139]}, {"key": "the-company-will", "type": "clause", "offset": [141, 157]}, {"key": "pay-to", "type": "definition", "offset": [175, 181]}, {"key": "sum-of", "type": "clause", "offset": [208, 214]}, {"key": "annual-base-salary", "type": "definition", "offset": [232, 250]}, {"key": "change-in-control", "type": "definition", "offset": [269, 286]}, {"key": "date-of-termination-of-employment", "type": "clause", "offset": [301, 334]}, {"key": "key-employees", "type": "definition", "offset": [397, 410]}, {"key": "bonus-plan", "type": "definition", "offset": [412, 422]}, {"key": "annual-bonus-amount", "type": "clause", "offset": [436, 455]}, {"key": "based-on", "type": "definition", "offset": [465, 473]}, {"key": "fiscal-years", "type": "clause", "offset": [539, 551]}, {"key": "of-the-company", "type": "clause", "offset": [552, 566]}, {"key": "the-year", "type": "definition", "offset": [577, 585]}, {"key": "the-termination", "type": "clause", "offset": [733, 748]}, {"key": "additional-severance-pay", "type": "definition", "offset": [775, 799]}, {"key": "section-52", "type": "clause", "offset": [821, 832]}, {"key": "rabbi-trust", "type": "definition", "offset": [860, 871]}, {"key": "effective-as-of-the", "type": "clause", "offset": [874, 893]}, {"key": "equal-monthly-installments", "type": "clause", "offset": [970, 996]}, {"key": "commencing-on-the", "type": "clause", "offset": [997, 1014]}, {"key": "day-of", "type": "clause", "offset": [1021, 1027]}, {"key": "following-the", "type": "definition", "offset": [1043, 1056]}, {"key": "fully-paid", "type": "clause", "offset": [1131, 1141]}], "size": 3, "snippet": "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 three times the sum of:\n(a) Executive's annual base salary as of the date of Change in Control, or as of the date of termination of employment, whichever is greater;\n(b) Executive's annual bonus under the Key Employees' Bonus Plan. Executive's annual bonus amount is to be based on the greater of:\n(1) the average of Executive's bonus for the two fiscal years of the Company preceding the year in which the Change in Control occurs, or\n(2) the average of Executive's bonus for the two fiscal years of the Company preceding the year in which the termination of employment occurs. The additional severance pay provided for in this SECTION 5.2 shall be transferred to a \"Rabbi Trust\", effective as of the date of termination of employment, and paid to Executive in thirty-six (36) 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.", "hash": "696715074de67b31647045883e5e80f5", "id": 5}, {"samples": [{"hash": "d7O1qGUJem4", "uri": "/contracts/d7O1qGUJem4#additional-severance", "label": "Employment Agreement (Ion Geophysical Corp)", "score": 29.9924716949, "published": true}], "snippet_links": [{"key": "in-addition-to-the", "type": "clause", "offset": [0, 18]}, {"key": "employment-is-terminated", "type": "clause", "offset": [73, 97]}, {"key": "by-the-executive-for-good-reason", "type": "clause", "offset": [98, 130]}, {"key": "by-the-company-without-cause", "type": "clause", "offset": [134, 162]}, {"key": "to-receive", "type": "definition", "offset": [205, 215]}, {"key": "payments-over", "type": "clause", "offset": [226, 239]}, {"key": "year-period", "type": "definition", "offset": [250, 261]}, {"key": "annual-base-salary", "type": "definition", "offset": [292, 310]}, {"key": "one-year", "type": "definition", "offset": [321, 329]}, {"key": "the-termination", "type": "clause", "offset": [486, 501]}, {"key": "medical-insurance-program", "type": "clause", "offset": [553, 578]}, {"key": "to-the-extent", "type": "clause", "offset": [660, 673]}, {"key": "of-the-company", "type": "clause", "offset": [783, 797]}, {"key": "group-health-plans", "type": "clause", "offset": [801, 819]}, {"key": "welfare-benefit-plan", "type": "definition", "offset": [894, 914]}, {"key": "in-accordance-with", "type": "definition", "offset": [925, 943]}, {"key": "in-effect", "type": "definition", "offset": [957, 966]}, {"key": "from-time-to-time", "type": "clause", "offset": [967, 984]}, {"key": "the-plan", "type": "clause", "offset": [1025, 1033]}, {"key": "limitations-on", "type": "clause", "offset": [1036, 1050]}, {"key": "time-period", "type": "definition", "offset": [1063, 1074]}, {"key": "cobra-coverage", "type": "clause", "offset": [1079, 1093]}, {"key": "continuation-coverage-period", "type": "definition", "offset": [1099, 1127]}, {"key": "eligible-dependents", "type": "clause", "offset": [1151, 1170]}, {"key": "period-of", "type": "definition", "offset": [1193, 1202]}, {"key": "this-clause", "type": "clause", "offset": [1248, 1259]}, {"key": "cost-of", "type": "clause", "offset": [1308, 1315]}, {"key": "covered-dependents", "type": "clause", "offset": [1408, 1426]}, {"key": "obligation-to-pay", "type": "clause", "offset": [1451, 1468]}, {"key": "the-foregoing", "type": "definition", "offset": [1469, 1482]}, {"key": "coverage-under-the", "type": "clause", "offset": [1616, 1634]}, {"key": "in-clause", "type": "clause", "offset": [1694, 1703]}, {"key": "covered-by", "type": "definition", "offset": [1788, 1798]}, {"key": "another-employer", "type": "definition", "offset": [1799, 1815]}, {"key": "reimbursement-benefit", "type": "clause", "offset": [2133, 2154]}, {"key": "from-the-company", "type": "clause", "offset": [2155, 2171]}, {"key": "lesser-of", "type": "definition", "offset": [2180, 2189]}, {"key": "employee-premiums", "type": "clause", "offset": [2208, 2225]}, {"key": "to-secure", "type": "clause", "offset": [2280, 2289]}, {"key": "pay-to", "type": "definition", "offset": [2410, 2416]}, {"key": "additional-compensation", "type": "definition", "offset": [2518, 2541]}, {"key": "subject-to-clause", "type": "clause", "offset": [2564, 2581]}, {"key": "vested-restricted-stock-units", "type": "clause", "offset": [2657, 2686]}, {"key": "termination-date", "type": "definition", "offset": [2737, 2753]}, {"key": "fully-vested", "type": "clause", "offset": [2803, 2815]}, {"key": "vested-stock-options", "type": "definition", "offset": [2923, 2943]}, {"key": "stock-appreciation-rights", "type": "definition", "offset": [2959, 2984]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [2994, 3013]}, {"key": "this-section-7", "type": "clause", "offset": [3014, 3028]}, {"key": "provided-that", "type": "clause", "offset": [3228, 3241]}, {"key": "the-original", "type": "definition", "offset": [3300, 3312]}, {"key": "scheduled-vesting-date", "type": "clause", "offset": [3313, 3335]}, {"key": "days-after", "type": "definition", "offset": [3413, 3423]}, {"key": "grant-of-performance", "type": "clause", "offset": [3492, 3512]}, {"key": "vested-equity", "type": "clause", "offset": [3513, 3526]}, {"key": "restricted-stock-awards", "type": "definition", "offset": [3538, 3561]}, {"key": "performance-shares", "type": "clause", "offset": [3563, 3581]}, {"key": "based-on", "type": "definition", "offset": [3760, 3768]}, {"key": "continued-service", "type": "clause", "offset": [3769, 3786]}, {"key": "fully-satisfied", "type": "definition", "offset": [3796, 3811]}, {"key": "conditions-of-the", "type": "clause", "offset": [3864, 3881]}, {"key": "remain-subject", "type": "clause", "offset": [4010, 4024]}, {"key": "the-applicable", "type": "clause", "offset": [4028, 4042]}, {"key": "performance-vesting-conditions", "type": "clause", "offset": [4043, 4073]}, {"key": "performance-conditions", "type": "definition", "offset": [4152, 4174]}, {"key": "for-example", "type": "clause", "offset": [4185, 4196]}, {"key": "granting-agreement", "type": "definition", "offset": [4308, 4326]}, {"key": "expiration-of-the", "type": "clause", "offset": [4379, 4396]}, {"key": "initial-term", "type": "definition", "offset": [4397, 4409]}, {"key": "pursuant-to-section-3", "type": "clause", "offset": [4410, 4431]}, {"key": "this-agreement", "type": "clause", "offset": [4435, 4449]}, {"key": "conditions-and-provisions", "type": "clause", "offset": [5280, 5305]}, {"key": "mutatis-mutandis", "type": "clause", "offset": [5374, 5390]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [5397, 5423]}, {"key": "additional-term", "type": "clause", "offset": [5649, 5664]}], "size": 3, "snippet": "In addition to the amount provided in Section 7(a) above, if Executive\u2019s employment is terminated by the Executive for Good Reason or by the Company without Cause, then (i) the Executive shall be entitled to receive, in equal payments over a one (1) year period, the Executive\u2019s then-current annual Base Salary (that is, one year\u2019s worth of annual Base Salary, paid out over one (1) year; and (ii) provided the Executive (and his spouse and dependents enroll, if covered at the time of the termination) timely enrolls in COBRA under the Company\u2019s group medical insurance program, the Executive shall be entitled to receive (as shall his spouse and dependents, to the extent they were covered at the time of the termination) fully subsidized continuation coverage premiums under each of the Company\u2019s \u201cgroup health plans\u201d subject to COBRA that are provided under the ION Geophysical Corporation Welfare Benefit Plan (\u201cPlan\u201d), in accordance with such Plan as in effect from time to time; provided, however that notwithstanding the Plan\u2019s limitations on the maximum time period for COBRA coverage, the continuation coverage period for Executive (and his eligible dependents) shall continue for a period of one (1) year. The Company\u2019s obligation under this clause shall be satisfied by the Company by paying the cost of the monthly continuation coverage premiums directly to the insurers on Executive\u2019s (and any covered dependents\u2019) behalf. The Company\u2019s obligation to pay the foregoing continuation coverage premiums shall terminate on the earlier of the date (i) Executive (and his dependents) terminates continuation coverage under the Plan (unless Company is reimbursing Executive as set forth in clause (ii) next following); or (ii) Executive (and his dependents) are eligible to become covered by another employer-sponsored group health plan that materially duplicate the coverage paid for under the Plan (without regard to whether Executive becomes covered in such plan), provided, however, that if Executive becomes covered under another employer-sponsored group health plan, then Executive shall continue to receive the monthly reimbursement benefit from the Company for the lesser of (x) the amount of employee premiums that Executive or his wife, as applicable, is charged to secure such coverage, or (y) the amount of the monthly continuation coverage premiums Executive would otherwise be required to pay to receive continuation coverage under the Plan. In addition, the Executive shall receive the following additional compensation from the Company:\n(i) subject to clause (iii) below, any outstanding grant of time-vested restricted stock or time-vested restricted stock units that would have vested within one (1) year of the termination date had the Executive remained employed shall become fully vested on the Executive\u2019s termination date; and\n(ii) subject to clause (iii) below, any outstanding grant of time-vested stock options or time-vested stock appreciation rights (\u201cSARS\u201d; for the purposes of this Section 7, SARS include cash-settled SARS) that would have vested within one (1) year of the termination date had the Executive remained employed shall become fully vested on the Executive\u2019s termination date, provided that (A) such stock options or SARS may not be exercised until the original scheduled vesting date for such awards, and (B) such stock options or SARS shall expire ninety (90) days after the original scheduled vesting date; and\n(iii) for each outstanding grant of performance-vested equity (including restricted stock awards, performance shares, stock options, and SARS) that would have vested within one (1) year of the termination date had the Executive remained employed, any vesting factors which are determined solely based on continued service shall be fully satisfied on the Executive\u2019s termination date, subject to the conditions of the preceding clauses (i) and (ii); provided, however, that such awards (including any described in clause (i) or (ii) above) shall remain subject to the applicable performance vesting conditions and shall become fully vested only if, and only to the extent, the applicable performance conditions (such as, for example, the Company\u2019s stock achieving and maintaining a certain price) are satisfied as provided under the applicable granting agreement. If Executive\u2019s employment is terminated due to the expiration of the Initial Term pursuant to Section 3 of this Agreement, then (x) in addition to the amount provided in Section 7(a) above, the Executive shall be entitled to receive, in equal payments over a twelve (12) month period, the Executive\u2019s then-current annual Base Salary (that is, twelve (12) months\u2019 worth of annual Base Salary, paid out over twelve (12) months); and (y) provided the Executive (and his spouse and dependents enroll, if covered at the time of the termination) timely enrolls in COBRA under the Company\u2019s group medical insurance program, the Executive shall be entitled to receive (as shall his spouse and dependents, to the extent they were covered at the time of the termination) fully subsidized continuation coverage premiums under each of the Company\u2019s \u201cgroup health plans\u201d for a period of twelve (12) months, and such coverage shall be subject to all of the caveats, conditions and provisions as are set forth in the first block paragraph of this Section 7(b), mutatis mutandis; and, for the avoidance of doubt, none of the additional compensation set forth in clause (i), (ii) or (iii) above, or in the next following block paragraph, shall be payable in such event. If Executive\u2019s employment is terminated due to the expiration of an Additional Term pursuant to Section 3 of this Agreement, then (x) in addition to the amount provided in Section 7(a) above, the Executive shall be entitled to receive, in equal payments over a six (6) month period, the Executive\u2019s then-current annual Base Salary (that is, six (6) months\u2019 worth of annual Base Salary, paid out over six (6) months); and (y) provided the Executive (and his spouse and dependents enroll, if covered at the time of the termination) timely enrolls in COBRA under the Company\u2019s group medical insurance program, the Executive shall be entitled to receive (as shall his spouse and dependents, to the extent they were covered at the time of the termination) fully subsidized continuation coverage premiums under each of the Company\u2019s \u201cgroup health plans\u201d for a period of six (6) months, and such coverage shall be subject to all of the caveats, conditions and provisions as are set forth in the first block paragraph of this Section 7(b), mutatis mutandis; and, for the avoidance of doubt, none of the additional compensation set forth in clause (i), (ii) or (iii) above, or in the immediately preceding block paragraph, shall be payable in such event.", "hash": "4bc4fe46a1590d1d34902447760c329e", "id": 6}, {"samples": [{"hash": "aYx2xIQzYEx", "uri": "/contracts/aYx2xIQzYEx#additional-severance", "label": "Change in Control Agreement (Equifax Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "in-lieu-of", "type": "clause", "offset": [0, 10]}, {"key": "payments-to-you", "type": "clause", "offset": [30, 45]}, {"key": "subsequent-to-the", "type": "clause", "offset": [58, 75]}, {"key": "date-of-termination", "type": "definition", "offset": [76, 95]}, {"key": "the-company-will", "type": "clause", "offset": [97, 113]}, {"key": "pay-to", "type": "definition", "offset": [131, 137]}, {"key": "business-day", "type": "definition", "offset": [161, 173]}, {"key": "following-the", "type": "definition", "offset": [174, 187]}, {"key": "termination-a", "type": "clause", "offset": [196, 209]}, {"key": "lump-sum", "type": "clause", "offset": [210, 218]}, {"key": "equal-to", "type": "definition", "offset": [219, 227]}, {"key": "sum-of", "type": "clause", "offset": [246, 252]}, {"key": "annual-base-salary", "type": "definition", "offset": [262, 280]}, {"key": "highest-rate", "type": "definition", "offset": [288, 300]}, {"key": "in-effect", "type": "definition", "offset": [301, 310]}, {"key": "annual-bonus-paid", "type": "definition", "offset": [427, 444]}, {"key": "incentive-plan", "type": "clause", "offset": [498, 512]}, {"key": "target-annual-bonus", "type": "clause", "offset": [622, 641]}, {"key": "each-case", "type": "definition", "offset": [694, 703]}, {"key": "with-respect-to", "type": "clause", "offset": [704, 719]}, {"key": "calendar-years", "type": "clause", "offset": [734, 748]}, {"key": "the-year", "type": "definition", "offset": [771, 779]}, {"key": "for-purposes-of", "type": "clause", "offset": [885, 900]}, {"key": "target-percentage", "type": "clause", "offset": [1143, 1160]}], "size": 3, "snippet": "In lieu of any further salary payments to you for periods subsequent to the Date of Termination, the Company will pay as severance pay to you on the fifth (5th) business day following the Date of Termination a lump sum equal to two (2) times the sum of (a) your annual base salary at the highest rate in effect during the twelve (12) months immedi\u00adately preceding the Date of Termination plus (b) the higher of (i) the highest annual bonus paid to you or paid but deferred on your behalf under the Incentive Plan, (ii) any earned, but unpaid, bonus accrued for your benefit under the Incentive Plan, or (iii) your highest target annual bonus under the Incentive Plan, whether or not earned, in each case with respect to the three (3) calendar years immediately preceding the year in which the Date of Termination occurs and the partial calendar year ending on the Date of Termination. For purposes of item (iii) above and subparagraph 5.3, the \u201chighest target annual bonus under the Incentive Plan\u201d for the partial calendar year ending on the Date of Termination will be your annual base salary as of the Date of Termination multiplied by the target percentage of your bonus under the Incentive Plan.", "hash": "cb8d6062c0a9e81b0c3940940224cdd8", "id": 7}, {"samples": [{"hash": "g0lvAVxZIZp", "uri": "/contracts/g0lvAVxZIZp#additional-severance", "label": "Executive Employment Agreement (Western Sizzlin Corp)", "score": 21.0, "published": true}], "snippet_links": [{"key": "in-lieu-of", "type": "clause", "offset": [0, 10]}, {"key": "payments-to-executive", "type": "clause", "offset": [40, 61]}, {"key": "subsequent-to-the", "type": "clause", "offset": [74, 91]}, {"key": "date-of-termination", "type": "definition", "offset": [92, 111]}, {"key": "other-severance-payments", "type": "clause", "offset": [116, 140]}, {"key": "the-company-will", "type": "clause", "offset": [142, 158]}, {"key": "pay-to", "type": "definition", "offset": [176, 182]}, {"key": "additional-sum", "type": "definition", "offset": [197, 211]}, {"key": "equal-to", "type": "definition", "offset": [212, 220]}, {"key": "annual-base-salary", "type": "definition", "offset": [234, 252]}, {"key": "change-in-control", "type": "definition", "offset": [271, 288]}, {"key": "section-62", "type": "clause", "offset": [385, 396]}, {"key": "rabbi-trust", "type": "definition", "offset": [424, 435]}, {"key": "effective-as-of-the", "type": "clause", "offset": [438, 457]}, {"key": "equal-monthly-installments", "type": "clause", "offset": [516, 542]}, {"key": "commencing-on-the", "type": "clause", "offset": [543, 560]}, {"key": "day-of", "type": "clause", "offset": [567, 573]}, {"key": "following-the", "type": "definition", "offset": [589, 602]}, {"key": "fully-paid", "type": "clause", "offset": [677, 687]}], "size": 2, "snippet": "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\u2019s 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 \u201cRabbi Trust,\u201d 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.", "hash": "2a1e729036442955caa9ddd59c13bbbc", "id": 8}, {"samples": [{"hash": "ikBYClAcFSY", "uri": "/contracts/ikBYClAcFSY#additional-severance", "label": "Employment Agreement (Luther Burbank Corp)", "score": 32.1416854858, "published": true}], "snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [61, 73]}, {"key": "a-change", "type": "clause", "offset": [74, 82]}, {"key": "terminates-employment", "type": "definition", "offset": [115, 136]}, {"key": "for-good-reason", "type": "definition", "offset": [137, 152]}, {"key": "control-period", "type": "clause", "offset": [172, 186]}, {"key": "without-cause", "type": "clause", "offset": [237, 250]}, {"key": "death-or-total-disability", "type": "clause", "offset": [278, 303]}, {"key": "the-company-will", "type": "clause", "offset": [340, 356]}, {"key": "to-executive", "type": "definition", "offset": [366, 378]}, {"key": "the-release", "type": "clause", "offset": [394, 405]}, {"key": "payments-and-benefits-provided", "type": "clause", "offset": [415, 445]}, {"key": "section-54", "type": "clause", "offset": [453, 464]}, {"key": "subject-to-the", "type": "clause", "offset": [506, 520]}, {"key": "same-terms-and-conditions", "type": "definition", "offset": [521, 546]}, {"key": "equal-to", "type": "definition", "offset": [628, 636]}, {"key": "base-salary-and-target-bonus", "type": "clause", "offset": [649, 677]}, {"key": "in-effect", "type": "definition", "offset": [687, 696]}, {"key": "outstanding-award", "type": "definition", "offset": [742, 759]}, {"key": "omnibus-plan", "type": "clause", "offset": [770, 782]}, {"key": "granted-to", "type": "definition", "offset": [800, 810]}, {"key": "fully-vested", "type": "clause", "offset": [833, 845]}, {"key": "for-purposes-of-the-agreement", "type": "definition", "offset": [847, 876]}, {"key": "the-period", "type": "clause", "offset": [1023, 1033]}, {"key": "commencing-on-the", "type": "clause", "offset": [1034, 1051]}, {"key": "first-anniversary", "type": "clause", "offset": [1111, 1128]}], "size": 2, "snippet": "Subject to reduction as may be required under the Agreement, in the event a Change-in-Control occurs and Executive terminates employment for Good Reason during a Change-in-Control Period, or the Company terminates Executive\u2019s employment without Cause (and for reason other than death or Total Disability) during a Change-in-Control Period, the Company will, subject to Executive\u2019s execution of the Release, pay the payments and benefits provided for in Section 5.4 in the same form as provided therein and subject to the same terms and conditions thereunder; provided, however, that (i) the Company will pay Executive an amount equal to Executive\u2019s Base Salary and Target Bonus (as then in effect) for twenty-four (24) months; and, (ii) each outstanding award under the Omnibus Plan that the Company granted to Executive will become fully vested. For purposes of the Agreement, \u201cChange-in-Control\u201d means a change-in-control as defined under the Omnibus Plan. For purposes of the Agreement, \u201cChange-in-Control Period\u201d means the period commencing on the date on which a Change-in-Control occurs and ending on the first anniversary of the date on which a Change-in-Control occurs.", "hash": "f82729e5e2067f06e854288b53abca6c", "id": 9}, {"samples": [{"hash": "9qDxqziMI45", "uri": "/contracts/9qDxqziMI45#additional-severance", "label": "Employment Agreement (Activision Blizzard, Inc.)", "score": 32.8357276917, "published": true}], "snippet_links": [{"key": "legal-representative", "type": "definition", "offset": [15, 35]}, {"key": "the-case", "type": "definition", "offset": [40, 48]}, {"key": "payment-of", "type": "definition", "offset": [71, 81]}, {"key": "your-termination-date", "type": "clause", "offset": [113, 134]}, {"key": "after-december", "type": "clause", "offset": [138, 152]}, {"key": "the-compensation-committee", "type": "clause", "offset": [199, 225]}, {"key": "sole-and-absolute-discretion", "type": "definition", "offset": [245, 273]}, {"key": "amounts-owed", "type": "definition", "offset": [1076, 1088]}, {"key": "pursuant-to", "type": "definition", "offset": [1089, 1100]}, {"key": "within-thirty", "type": "clause", "offset": [1136, 1149]}, {"key": "days-after", "type": "definition", "offset": [1155, 1165]}, {"key": "the-applicable", "type": "clause", "offset": [1218, 1232]}, {"key": "provided-that", "type": "clause", "offset": [1276, 1289]}, {"key": "following-the-termination-date", "type": "clause", "offset": [1326, 1356]}, {"key": "subject-to", "type": "definition", "offset": [1370, 1380]}, {"key": "taxes-and-withholdings", "type": "clause", "offset": [1392, 1414]}], "size": 2, "snippet": "a. You or your legal representative, as the case may be, shall receive payment of $950,000, if, and only if, (i) your Termination Date is after December 31, 2021, but before March 31, 2022, and (ii) the Compensation Committee determines, in its sole and absolute discretion, that Activision Blizzard\u2019s 2021 OI is 90% or greater than the 2021 OI Objective;\nb. You or your legal representative, as the case may be, shall receive payment of $950,000, if, and only if, (i) your Termination Date is after December 31, 2022, but before March 31, 2023, and (ii) the Compensation Committee determines, in its sole and absolute discretion, that Activision Blizzard\u2019s 2022 OI is 90% or greater than the 2022 OI Objective; and\nc. You or your legal representative, as the case may be, shall receive payment of $950,000, if, and only if, (i) your Termination Date is after December 31, 2023, but before March 31, 2024, and (ii) the Compensation Committee determines, in its sole and absolute discretion, that Activision Blizzard\u2019s 2023 OI is 90% or greater than the 2023 OI Objective. All amounts owed pursuant to this Section 10(d)(i) will be paid within thirty (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.", "hash": "ae70eb096e2db185f11f44edffb03bf2", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih1hZGRpdGlvbmFsLXNldmVyYW5jZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["severance-payments", "Severance Payments"], ["benefits-upon-certain-terminations-following-a-change-in-control", "Benefits upon Certain Terminations following a Change in Control"], ["termination", "Termination"], ["termination-of-obligations-and-severance-payments", "Termination of Obligations and Severance Payments"], ["additional-change-in-control-severance-benefits", "Additional Change in Control Severance Benefits"]], "title": "Additional Severance", "size": 78, "children": [["vacation", "Vacation"], ["group-life-insurance-coverage", "Group Life Insurance Coverage"], ["other-benefits", "Other Benefits"], ["outplacement", "Outplacement"], ["group-medical-coverage", "Group Medical Coverage"]], "id": "additional-severance", "related": [["severance-payments", "Severance Payments", "Severance Payments"], ["lump-sum-severance-payment", "Lump Sum Severance Payment", "Lump Sum Severance Payment"], ["change-of-control-severance-benefits", "Change of Control Severance Benefits", "Change of Control Severance Benefits"], ["severance-payment", "Severance Payment", "Severance Payment"], ["change-in-control-severance", "Change in Control Severance", "Change in Control Severance"]], "related_snippets": [], "updated": "2026-05-03T04:25:59+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Additional Severance clause defines the circumstances under which an employee is entitled to receive severance pay beyond the standard amount specified in their employment agreement. Typically, this clause outlines specific triggers\u2014such as termination without cause, a change in company control, or other qualifying events\u2014that would result in the employee receiving extra compensation or benefits. Its core practical function is to provide financial security to employees in certain situations, thereby offering reassurance and incentivizing retention, while also clarifying the employer\u2019s obligations in the event of an unexpected termination."}, "json": true, "cursor": ""}}