Common use of Cash Severance Clause in Contracts

Cash Severance. A lump sum cash amount equal to the product of (x) and (y) where (x) is the sum of Executive’s Annual Base Salary as then in effect in accordance with Section 2.1 and Executive’s Average Bonus and (y) is 2.0.

Appears in 8 contracts

Sources: Employment Agreement (Triumph Bancorp, Inc.), Employment Agreement (Triumph Bancorp, Inc.), Employment Agreement (Triumph Bancorp, Inc.)

Cash Severance. A lump sum cash amount equal to the product of (x) and (y) where (x) is the sum of Executive’s Annual Base Salary as then in effect in accordance with Section 2.1 and Executive’s Average Bonus and (y) is 2.01.0.

Appears in 6 contracts

Sources: Employment Agreement (Triumph Bancorp, Inc.), Employment Agreement (Triumph Bancorp, Inc.), Employment Agreement (Triumph Bancorp, Inc.)

Cash Severance. A lump sum cash amount equal to the product of (x) and (y) where (x) is the sum of Executive’s Annual Base Salary as then in effect in accordance with Section 2.1 and Executive’s Average Bonus and (y) is 2.01.00.

Appears in 2 contracts

Sources: Employment Agreement (Triumph Bancorp, Inc.), Employment Agreement (Triumph Bancorp, Inc.)

Cash Severance. A lump sum cash amount equal to the product of (x) and (y) where (x) is the sum of Executive’s Annual Base Salary as then in effect in accordance with Section 2.1 and Executive’s Average Bonus and (y) is 2.01.25.

Appears in 1 contract

Sources: Employment Agreement (Triumph Bancorp, Inc.)

Cash Severance. A lump sum cash amount equal to the product of (x) and (y) where (x) is the sum of Executive’s Annual Base Salary as then in effect in accordance with Section 2.1 and Executive’s Average Bonus and (y) is 2.01.5.

Appears in 1 contract

Sources: Employment Agreement (Triumph Bancorp, Inc.)

Cash Severance. A lump sum cash amount equal to the product of (x) and (y) where (x) is the sum of Executive’s Annual Base Salary as then in effect in accordance with Section 2.1 and Executive’s Average Bonus and (y) is 2.03.0.

Appears in 1 contract

Sources: Employment Agreement (Triumph Bancorp, Inc.)

Cash Severance. A lump sum cash amount equal to the product of (x) and (y) where (x) is the sum of Executive’s Annual Base Salary as then in effect in accordance with Section 2.1 and Executive’s Average Bonus and (y) is 2.02.5.

Appears in 1 contract

Sources: Employment Agreement (Triumph Bancorp, Inc.)