Severance Allowance. (a) In the event of termination of the Executive during the employment period, the Executive shall be entitled to receive a lump sum severance allowance within five days of such termination, in an amount which is equal to the sum of the following:
Appears in 4 contracts
Samples: Executive Agreement (Tellabs Inc), Executive Agreement (Tellabs Inc), Change in Control Employment Agreement (Tellabs Inc)
Severance Allowance. (a) a. In the event of the termination of the Executive during the employment period, the Executive shall be entitled to receive a lump sum severance allowance within five days of such termination, in an amount which is equal to the sum of the following:
Appears in 2 contracts
Samples: Continuation Agreement (Universal Electronics Inc), Continuation Agreement (Universal Electronics Inc)
Severance Allowance. (a) a. In the event of termination of the Executive during the employment periodEmployment Period, the Executive shall be entitled to receive a lump sum severance allowance within five thirty days of such termination, termination in an amount which is equal to the sum of the following:
Appears in 2 contracts
Samples: Change in Control Agreement (Spectrum Control Inc), Change in Control Agreement (Spectrum Control Inc)
Severance Allowance. (a) In the event of termination of the Executive during the employment period, the Executive shall may elect, within 60 days after such termination, to be entitled to receive paid a lump sum severance allowance within five days allowance, in lieu of such terminationthe termination payments referred to in Section 6 above, in an amount which is equal to the sum of the following:amounts determined in accordance with the following paragraphs (a) and (b).
Appears in 1 contract
Samples: Employment Agreement (Clarcor Inc)
Severance Allowance. (a) a. In the event of termination of the Executive during the employment period, the Executive shall be entitled to receive a lump sum severance allowance within five days of such termination, in an amount which is equal to the sum of the following:
Appears in 1 contract
Samples: Salary Continuation Agreement (Universal Electronics Inc)
Severance Allowance. (a) In the event of termination of the Executive Termination during the employment periodTerm of Employment, the Executive shall may elect, within ninety (90) days after such Termination, to be entitled to receive paid a lump sum severance allowance within five days in lieu of such termination, termination payments in an amount which is equal to the sum of the followingamounts determined in accordance with the following sub-paragraphs:
Appears in 1 contract
Samples: Employment Agreement (Patapsco Valley Bancshares Inc)
Severance Allowance. (a) In the event of termination of the Executive during the employment period, the Executive shall be entitled to receive paid a lump sum severance allowance within five days of such termination, in an amount which is equal to the sum of the following:amounts determined in accordance with the following paragraphs (a) and (b):
Appears in 1 contract
