Base Amount. For purposes of this Section 8, "Base Amount" shall mean the greater of (A) Executive's annual base salary at the rate in effect immediately prior to the Change in Control and (B) Executive's annual base salary at the rate in effect on the Termination Date, and shall include all amounts of his base salary that are deferred under the qualified and non-qualified employee benefit plans of the Company or any other agreement or arrangement.
Appears in 2 contracts
Sources: Employment Agreement (Submicron Systems Corp), Employment Agreement (Submicron Systems Corp)
Base Amount. For purposes of this Section 8Agreement, "Base Amount" shall ----------- mean the greater of (Aa) the Executive's annual base salary at the rate in effect immediately prior to the Change in Control and (Bb) the Executive's annual base salary at the rate in effect on the Termination Date, and shall include all amounts of his base salary that are deferred under the qualified and non-qualified employee benefit plans of the Company or any other agreement or arrangement.
Appears in 1 contract
Sources: Severance Protection Agreement (Barrett Resources Corp)
Base Amount. For purposes of this Section 8Agreement, "Base Amount" shall mean the greater of (A) the Executive's annual base salary at the rate in effect immediately prior to the Change in Control and (Ba) Executive's annual base salary at the rate in effect on the Termination DateDate or (b) at the highest rate in effect at any time during the ninety (90) day period prior to the Termination Date or a Change in Control, and shall include all amounts of his or her base salary that are deferred under the qualified and non-qualified employee benefit plans of the Company or any other agreement or arrangement.
Appears in 1 contract
Sources: Severance Agreement (Mylex Corp)
Base Amount. For purposes of this Section 8Agreement, "Base Amount" shall mean the greater of (A) the Executive's annual base salary at the highest rate in effect immediately (i) on, or at any time during the ninety (90) day period prior to, the Termination Date or (ii) at any time during the ninety (90) day period prior to the a Change in Control and (B) Executive's annual base salary at the rate in effect on the Termination Date, and shall include all amounts of his the Executive's base salary that are deferred under the any qualified and non-qualified employee benefit plans of the Company or any other agreement or arrangement.
Appears in 1 contract
Base Amount. For purposes of this Section 8Agreement, "Base Amount" shall mean the greater of (Aa) the Executive's annual base salary salary, at the rate in effect immediately prior to the Change in Control or the hiring of a new Chief Executive Officer; and (Bb) the Executive's annual base salary salary, at the rate in effect on the Termination Date, and shall include all amounts of his base salary that are deferred under the qualified and non-qualified employee benefit plans of the Company or any other agreement or arrangement.
Appears in 1 contract
Sources: Change in Control/Severance Agreement (Equity Residential Properties Trust)