During the Original Term. If Company should terminate Employee's employment without Cause (as defined below) or if Employee should terminate his employment for Good Reason (as defined below), Company shall pay to Employee the pro-rata annual base salary through the date of termination, a pro-rata annual bonus through the date of termination and an amount (the "Severance Payment") equal to two times the sum of:
Appears in 2 contracts
Samples: Employment Agreement (Financial Security Assurance Holdings LTD/Ny/), Employment Agreement (Financial Security Assurance Holdings LTD/Ny/)
During the Original Term. If Company should terminate Employee's ’s employment without Cause (as defined below) or if Employee should terminate his employment for Good Reason (as defined below), Company shall pay to Employee the pro-rata annual base salary through the date of termination, a pro-rata annual bonus through the date of termination and an amount (the "“Severance Payment"”) equal to two times the sum ofof :
Appears in 2 contracts
Samples: Employment Agreement (Financial Security Assurance Holdings LTD), Employment Agreement (Financial Security Assurance Holdings LTD)
During the Original Term. If Company should terminate Employee's ’s employment without Cause (as defined below) or if Employee should terminate his employment for Good Reason (as defined below), Company shall pay to Employee the pro-rata annual base salary through the date of termination, termination and a pro-rata annual bonus through the date of termination, such amounts to be paid within 90 days of the Employee’s termination of employment, and an amount (the "“Severance Payment"”) equal to two times the sum of:
Appears in 1 contract
Samples: Employment Agreement (Financial Security Assurance Holdings LTD)
During the Original Term. If Company should terminate Employee's ’s employment without Cause (as defined below) or if Employee should terminate his employment for Good Reason (as defined below), Company shall pay to Employee the pro-rata annual base salary through the date of termination, termination and a pro-rata annual bonus through the date of termination, such amounts to be paid within 90 days of the Employee’s termination of employment, and an amount (the "“Severance Payment"”) equal to two times the sum ofof :
Appears in 1 contract
Samples: Employment Agreement (Financial Security Assurance Holdings LTD)