Calculation of Severance Payments. For the avoidance of doubt, for purposes of calculating severance benefits pursuant to this Section 6, the Employee’s average annual bonus for the two (2) complete years immediately preceding the termination of the Employee’s employment shall not, under any circumstances, include the special payment of $1,455,362 received by the Employee in 2004.
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Samples: Employment Agreement (Coleman Cable, Inc.), Employment Agreement (Coleman Cable, Inc.)
Calculation of Severance Payments. For the avoidance of doubt, for purposes of calculating severance benefits pursuant to this Section 6, the Employee’s average annual bonus for the two (2) complete years immediately preceding the termination of the Employee’s employment shall not, under any circumstances, include the special payment of $1,455,362 1,160,255 received by the Employee in 2004.
Appears in 2 contracts
Samples: Employment Agreement (Coleman Cable, Inc.), Employment Agreement (Coleman Cable, Inc.)
Calculation of Severance Payments. For the avoidance of doubt, for purposes of calculating severance benefits pursuant to this Section 6, the Employee’s average annual bonus for the two (2) complete years immediately preceding the termination of the Employee’s employment shall not, under any circumstances, include the special payment of $1,455,362 422,583 received by the Employee in 2004.
Appears in 1 contract
