Common use of Company Consideration Clause in Contracts

Company Consideration. In exchange for the consideration You are providing under this Agreement, the Company (provided You timely sign and do not revoke this Agreement and this Agreement becomes effective) agrees to: a. provide You a one-time lump sum severance payment equal to one (1) times Your annual base salary $522,675 (less applicable deductions and withholdings) within 60 days after the Termination Date. b. provide You a one-time lump sum payment of $409,143 (less applicable withholdings and deductions), representing the average of Your annual cash bonuses over the last three fiscal years, within 60 days after the Termination Date. c. provide You a one-time lump sum payment of $42,525 (less applicable deductions and withholdings), representing one (1) times the amount equal to the aggregate premium cost to cover the existing coverage for You and your currently-enrolled eligible dependents for eighteen (18) months under the Company’s health, vision and dental plans in effect as of the Termination Date, within 60 days after the Termination Date. d. provide You a one-time lump sum payment (less applicable withholdings and deductions) equal to the value of 29,391 shares of the Company’s stock underlying the restrictive stock units (“RSUs”) granted to You and that would have vested, pursuant to Section 4(c)(i)(A) of the Company’s Amended and Restated Executive Severance Plan effective as of May 15, 2020 (the “Severance Plan”), calculated based on the closing market price on the Termination Date and paid in exchange for the Company cancelling such vested RSUs, within 60 days after the Termination Date. e. provide You with outplacement assistance through CMA for 12 months, provided activation occurs by March 15th, 2024.

Company Consideration. In exchange for the consideration You are providing under this Agreement, the Company (provided You timely sign and do not revoke this Agreement and this Agreement becomes effective) agrees to: a. provide You a one-time lump sum severance payment equal to one (1) times Your annual base salary of $522,675 567,438.75 (less applicable deductions and withholdings) within 60 days after the Termination Date. b. provide You a one-time lump sum payment of $409,143 388,328.38 (less applicable withholdings and deductions), representing the average of Your target annual cash bonuses over bonus relating to fiscal year 2024 (less $8,878.75 the last three amount you were overpaid for the fiscal years, year 2023 annual cash bonus) within 60 days after the Termination Date.; c. provide You a one-time lump sum payment of $42,525 42,525.00 (less applicable deductions and withholdings), representing one (1) times the amount equal to the aggregate premium cost to cover the existing coverage for You and your currently-enrolled eligible dependents for eighteen (18) months under the Company’s health, vision and dental plans in effect as of the Termination Date, within 60 days after the Termination Date. d. provide You a one-time lump sum payment (less applicable withholdings and deductions) equal to the value of 29,391 34,498 shares of the Company’s stock underlying the restrictive stock units (“RSUs”) granted to You and that would have vested, pursuant to Section 4(c)(i)(A) of the Company’s Amended and Restated Executive Severance Plan effective as of May 15, 2020 (the “Severance Plan”), calculated based on the closing market price on the Termination Date and paid in exchange for the Company cancelling such vested RSUs, within 60 days after the Termination Date. e. provide You with outplacement assistance through CMA for 12 months, provided activation occurs by March 15thJuly 15, 2024.