Common use of Increase Clause in Contracts

Increase. In addition, Executive shall receive an amount equal to 1/12 of the greater of: • The projected incentive compensation plan awards for the year in which termination of employment occurs; or • The incentive compensation plan awards to the Executive for the most recently ended plan year, for each full or partial month in the current plan year prior to the month of Executive’s termination of employment.

Appears in 9 contracts

Samples: Control Compensation Agreement (Kaydon Corp), Control Compensation Agreement (Kaydon Corp), Control Compensation Agreement (Kaydon Corp)

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Increase. In addition, Executive shall receive an amount equal to 1/12 1/12th of the greater of: • The projected incentive compensation plan awards for the year in which termination of employment occurs; or • The incentive compensation plan awards to the Executive for the most recently ended plan year, for each full or partial month in the current plan year prior to the month of Executive’s termination of employment.

Appears in 4 contracts

Samples: Change in Control Compensation Agreement (Kaydon Corp), Change in Control Compensation Agreement (Kaydon Corp), Change in Control Compensation Agreement (Kaydon Corp)

Increase. In addition, Executive shall receive an amount equal to 1/12 of the greater of: - The projected incentive compensation plan awards Incentive Plan award for the year in which termination of employment occurs; or - The incentive compensation plan awards award to the Executive for the most recently ended plan year, for each full or partial month in the current plan year prior to the month of Executive’s 's termination of employment.

Appears in 4 contracts

Samples: Control Compensation Agreement (Kaydon Corp), Compensation Agreement (Kaydon Corp), Control Compensation Agreement (Kaydon Corp)

Increase. In addition, Executive shall receive an amount equal to 1/12 of the greater of: · The projected incentive compensation plan awards for the year in which termination of employment occurs; or · The incentive compensation plan awards to the Executive for the most recently ended plan year, for each full or partial month in the current plan year prior to the month of Executive’s termination of employment.

Appears in 1 contract

Samples: Change in Control Compensation Agreement (Kaydon Corp)

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Increase. In addition, Executive shall receive an amount equal to 1/12 l/l2 of the greater of: - The projected incentive compensation plan awards Incentive Plan award for the year in which termination of employment occurs; or - The incentive compensation plan awards award to the Executive for the most recently ended plan year, for each full or partial month in the current plan year prior to the month of Executive’s 's termination of employment.

Appears in 1 contract

Samples: Control Compensation Agreement (Kaydon Corp)

Increase. In addition, Executive shall receive an amount equal to 1/12 of the greater of: The projected incentive compensation plan awards for the year in which termination of employment occurs; or The incentive compensation plan awards to the Executive for the most recently ended plan year, for each full or partial month in the current plan year prior to the month of Executive’s termination of employment.

Appears in 1 contract

Samples: Change in Control Compensation Agreement (Kaydon Corp)

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