Cash Severance. The Company shall pay the Executive a lump sum in cash in an amount equal to the sum of (A) twelve (12) months’ of the Executive’s then-current Base Salary (or the Executive’s Base Salary in effect immediately prior to the Change in Control, if higher), and (B) the Executive’s Target Bonus for the then-current year (or the Executive’s Target Bonus in effect immediately prior to the Change in Control, if higher), plus, if applicable, any Earned Bonus (the “Change in Control Payment”).
Appears in 10 contracts
Samples: Employment Agreement (Adagio Therapeutics, Inc.), Employment Agreement (Adagio Therapeutics, Inc.), Employment Agreement (Adagio Therapeutics, Inc.)
Cash Severance. The Company shall pay the Executive a lump sum in cash in an amount equal to the sum of (A) twelve (12) months’ of the Executive’s then-current Base Salary (or the Executive’s Base Salary in effect immediately prior to the Change in Control, if higher), and (B) the Executive’s Target Bonus for the then-current year (or the Executive’s Target Bonus in effect immediately prior to the Change in Control, if higher), plus, if applicable, any Earned Bonus (the “Change in Control Payment”).
Appears in 4 contracts
Samples: Employment Agreement (Invivyd, Inc.), Employment Agreement (Invivyd, Inc.), Employment Agreement (Invivyd, Inc.)
Cash Severance. The Company shall pay the Executive a lump sum in cash in an amount equal to the sum of (A) twelve eighteen (1218) months’ of the Executive’s then-current Base Salary (or the Executive’s Base Salary in effect immediately prior to the Change in Control, if higher), and (B) 1.5 times the Executive’s Target Bonus for the then-current year (or the Executive’s Target Bonus in effect immediately prior to the Change in Control, if higher), plus, if applicable, any Earned Bonus (the “Change in Control Payment”).
Appears in 3 contracts
Samples: Employment Agreement (Adagio Therapeutics, Inc.), Employment Agreement (Adagio Therapeutics, Inc.), Employment Agreement (Adagio Therapeutics, Inc.)
Cash Severance. The Company shall pay the Executive a lump sum in cash in an amount equal to the sum of (A) twelve twenty-four (1224) months’ months of the Executive’s then-current Base Salary (or the Executive’s Base Salary in effect immediately prior to the Change in Control, if higher), and (B) the an amount equal to Executive’s Target Bonus for the then-current year (or the Executive’s Target Bonus in effect immediately prior to the Change in Control, if higher), pro rated for the number of complete or partial months of employment during the then-current year, plus, if applicable, any Earned Bonus (the “Change in Control Payment”).
Appears in 2 contracts
Samples: Executive Employment Agreement (Epsilon Energy Ltd.), Executive Employment Agreement (Epsilon Energy Ltd.)
Cash Severance. The Company shall pay the Executive a lump sum in cash in an amount equal to the sum of (A) twelve twenty-four (1224) months’ months of the Executive’s then-current Base Salary (or the Executive’s Base Salary in effect immediately prior to the Change in Control, if higher), and (B) the an amount equal to Executive’s Target Bonus for the then-current year (or the Executive’s Target Bonus in effect immediately prior to the Change in Control, if higher), pro rated for the number of complete or partial months of employment during the then-current year, plus, if applicable, any Earned Bonus (the “Change in Control Payment”)..
Appears in 1 contract
Samples: Executive Employment Agreement (Epsilon Energy Ltd.)
