Annual Compensation. Annual Compensation" means an amount equal to the sum of Employee's (i) annual Company salary at the highest rate in effect in the twelve months immediately preceding the Change of Control, and (ii) 100% of the Employee's annual target bonus as in effect immediately prior to the Change of Control.
Appears in 5 contracts
Sources: Change of Control Severance Agreement (Auspex Systems Inc), Change of Control Severance Agreement (New Era of Networks Inc), Change of Control Severance Agreement (Auspex Systems Inc)
Annual Compensation. Annual Compensation" means an amount equal to the sum of Employee's (i) annual Company salary at the highest rate in effect in the twelve months immediately preceding the Change of Control, and (ii) 100% of the Employee's highest annual target bonus as in effect (includes cumulation of quarterly bonus amounts and deferral amounts) awarded within the three fiscal years immediately prior to the Change of Control.
Appears in 4 contracts
Sources: Management Retention Agreement (Seagate Technology Inc), Management Retention Agreement (Seagate Technology Malaysia Holding Co Cayman Islands), Management Retention Agreement (Seagate Technology Malaysia Holding Co Cayman Islands)
Annual Compensation. Annual Compensation" means an amount equal to ------------------- the sum greater of Employee's (i) annual Employee's Company salary at the highest rate in effect in for the twelve (12) months immediately preceding the Change of Control, and Control plus the employee's target bonus for the same period or (ii) 100% of the Employee's annual Company Salary on an annualized basis and the employee's target bonus as in effect immediately prior to of the Change of ControlTermination Date.
Appears in 4 contracts
Sources: Change of Control Severance Agreement (Catalytica Energy Systems Inc), Change of Control Severance Agreement (Catalytica Energy Systems Inc), Change of Control Severance Agreement (Catalytica Combustion Systems Inc)
Annual Compensation. Annual Compensation" means an amount equal to the sum of Employee's (i) annual Company salary at the highest rate in effect in during the twelve (12) months immediately preceding the Change of ControlControl or the date of Involuntary Termination or termination by the Company other than for Cause, whichever is highest and (ii) 100% of the Employee's annual target bonus as in effect immediately prior to the Change of ControlControl or the date of Involuntary Termination or termination by the Company other than for Cause, whichever is highest.
Appears in 4 contracts
Sources: Change of Control Severance Agreement (Proxim Inc /De/), Change of Control Severance Agreement (Proxim Inc /De/), Change of Control Severance Agreement (Proxim Inc /De/)
Annual Compensation. Annual Compensation" means an amount equal to the sum of Employee's (i) annual Employee's Company salary at the highest rate in effect in for the twelve months immediately preceding the Change of Control, and (ii) Employee's 100% of "On Target" bonus for the Employee's annual target bonus as year in effect immediately prior to which the Change of ControlControl occurs.
Appears in 2 contracts
Sources: Change of Control Severance Agreement (Harmonic Lightwaves Inc), Change of Control Severance Agreement (Harmonic Lightwaves Inc)
Annual Compensation. Annual Compensation" means an amount equal to the sum of Employee's (i) annual Employee's Company salary at the highest rate in effect in for the twelve months immediately preceding the Change of Control, and (ii) 100% of the Employee's annual maximum target bonus as for the year in effect immediately prior to which the Change of ControlControl occurs.
Appears in 2 contracts
Sources: Change of Control Severance Agreement (Sync Research Inc), Change of Control Severance Agreement (Sync Research Inc)
Annual Compensation. Annual Compensation" means an amount equal to the sum greater of Employee's (i) annual Employee's Company base salary at the highest rate in effect in for the twelve (12) months immediately preceding the Change of Control, and Control or (ii) 100% of the Employee's annual target bonus as in effect immediately prior to the Change of Controlcurrent Company base salary on an annualized basis.
Appears in 2 contracts
Sources: Change of Control Severance Agreement (E Piphany Inc), Change of Control Severance Agreement (E Piphany Inc)
Annual Compensation. Annual Compensation" means shall mean an amount equal to the sum of Employee's (i) the Employee's Company annual Company base salary at the highest rate as in effect in the twelve months immediately preceding the Change of Control, and (ii) 100% of the Employee's annual target bonus as in effect immediately prior to the Change of ControlTarget Bonus.
Appears in 2 contracts
Sources: Management Retention Agreement (3com Corp), Management Retention Agreement (3com Corp)
Annual Compensation. Annual Compensation" means an amount equal to the sum greater of Employee's (i) annual Employee's Company salary at the highest rate in effect in for the twelve (12) months immediately preceding the Change of Control, and Control or (ii) 100% of the Employee's annual target bonus as in effect immediately prior to the Change of Controlcurrent Company salary on an annualized basis.
Appears in 1 contract
Sources: Severance Agreement (E Piphany Inc)
Annual Compensation. Annual Compensation" means shall mean an ------------------- amount equal to the sum of Employee's (i) the Employee's Company annual Company salary at the highest rate in effect in the twelve months immediately preceding the Change of Controlbase salary, and (ii) 100% of the Employee's annual target bonus Target Bonus, as in effect immediately prior to on the date of the Change of ControlControl or Employee's termination, in each case, whichever is higher.
Appears in 1 contract
Annual Compensation. Annual Compensation" means an amount equal ------------------- to the sum of Employee's (i) annual Company salary at the highest rate in effect in the twelve months immediately preceding the Change of ControlEmployee's Termination Date, and (ii) 100% of the Employee's annual target bonus as in effect immediately prior to the Change of ControlControl or, if greater, 100% of Employee's annual target bonus as of the Termination Date.
Appears in 1 contract
Sources: Change of Control Agreement (International Network Services)
Annual Compensation. Annual Compensation" means an amount equal ------------------- to the sum of Employee's (i) annual Company salary at the highest rate in effect in the twelve months immediately preceding the Change of Control, and (ii) 100% of the Employee's highest annual target bonus as in effect (includes cumulation of quarterly bonus amounts and deferral amounts) awarded within the three fiscal years immediately prior to the Change of Control.
Appears in 1 contract
Sources: Management Retention Agreement (Seagate Technology Holdings)
Annual Compensation. Annual Compensation" means an amount equal to the sum of Employee's (i) annual Company salary at the highest rate in the effect in the twelve months immediately preceding the Change of Control, and (ii) 100% of the Employee's annual target bonus as in effect immediately prior to the Change of Control.
Appears in 1 contract
Sources: Change of Control Severance Agreement (Cell Genesys Inc)
Annual Compensation. Annual Compensation" means shall mean an amount equal ------------------- to the sum of Employee's (i) the Employee's Company annual Company base salary at the highest rate as in effect in the twelve months immediately preceding the Change of Control, and (ii) 100% of the Employee's annual target bonus as in effect immediately prior to the Change of ControlTarget Bonus.
Appears in 1 contract
Annual Compensation. Annual Compensation" means an amount equal to the sum greater of Employee's (i) annual Employee's Company salary at the highest rate in effect in for the twelve (12) months immediately preceding the Change of Control, and Control or (ii) 100% of the Employee's annual target bonus as in effect immediately prior to the Change of ControlCompany Salary on an annualized basis.
Appears in 1 contract
Sources: Change of Control Severance Agreement (Intraware Inc)
Annual Compensation. Annual Compensation" means an ------------------- amount equal to the sum of Employee's (i) annual Company salary at the highest rate in effect in the twelve months immediately preceding the Change of Control, and (ii) 100% of the Employee's highest annual target bonus as in effect (includes cumulation of quarterly bonus amounts and deferral amounts) awarded within the three fiscal years immediately prior to the Change of Control.
Appears in 1 contract
Sources: Management Retention Agreement (Seagate Technology Holdings)