Common use of Severance Payment Clause in Contracts

Severance Payment. If Executive’s employment is terminated as a result of a Qualifying Termination, the Company shall pay Executive within thirty (30) days after the Qualifying Termination a cash lump sum equal to two (2) times the Executive’s Compensation (the “Severance Payment”).

Appears in 15 contracts

Samples: Agreement Re: Change in Control (Quidel Corp /De/), Agreement Re: Change in Control (Quidel Corp /De/), Agreement Re: Change in Control (Quidel Corp /De/)

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Severance Payment. If Executive’s 's employment is terminated as a result of a Qualifying Termination, the Company shall pay Executive within thirty (30) days after the Qualifying Termination a cash lump sum equal to two (2) times the Executive’s 's Compensation (the "Severance Payment").

Appears in 6 contracts

Samples: Change in Control (Quidel Corp /De/), Quidel Corp /De/, Quidel Corp /De/

Severance Payment. If Executive’s employment is terminated as a result of a Qualifying Termination, the Company shall pay Executive within thirty (30) days after the Qualifying Termination a cash lump sum equal to two one (21) times the Executive’s Compensation annual base salary (the “Severance Payment”).

Appears in 5 contracts

Samples: Agreement Re: Change in Control (Ashworth Inc), Agreement Re: Change in Control (Ashworth Inc), Agreement Re: Change in Control (Ashworth Inc)

Severance Payment. If Executive’s employment is terminated as a result of a Qualifying Termination, the Company shall pay Executive within thirty (30) days after the Qualifying Termination a cash lump sum equal to two one (21) times the Executive’s Compensation (the “Severance Payment”).

Appears in 3 contracts

Samples: Agreement Re: Change in Control (Quidel Corp /De/), Agreement Re: Change in Control (Quidel Corp /De/), Agreement Re: Change in Control (Quidel Corp /De/)

Severance Payment. If Executive’s employment is terminated as a result of a Qualifying Termination, the Company shall pay Executive within thirty (30) days after the Qualifying Termination a cash lump sum equal to two (2) times the Executive’s Compensation (the “Severance Payment”).

Appears in 3 contracts

Samples: Agreement Re: Change in Control (Ashworth Inc), Agreement Re: Change in Control (Quidel Corp /De/), Agreement Re: Change in Control (Quidel Corp /De/)

Severance Payment. If Executive’s employment is terminated as a result (1) by Employer (other than for Cause and other than by reason of a Qualifying Termination, the Company shall pay Executive within thirty (30Executive’s death or Disability) days after the Qualifying Termination a cash lump sum equal to two or (2) times by Executive for Good Reason, then, in addition to the Accrued Payments and any amounts due under and in accordance with the Retention Agreement, Employer shall pay to Executive within 30 days following the date of Executive’s Compensation termination a lump-sum cash payment (the “Severance Payment”).) in the following applicable amount (without duplication):

Appears in 3 contracts

Samples: Retention and Severance Agreement (LG&E & KU Energy LLC), Retention and Severance Agreement (LG&E & KU Energy LLC), Retention and Severance Agreement (LG&E & KU Energy LLC)

Severance Payment. If Executive’s 's employment is terminated as a result of a Qualifying Termination, the Company shall pay Executive within thirty (30) days after the Qualifying Termination a cash lump sum equal to two One Hundred Percent (2100%) times the of Executive’s 's Compensation (the "Severance Payment").

Appears in 2 contracts

Samples: Change in Control (Quidel Corp /De/), Change in Control (Quidel Corp /De/)

Severance Payment. If Executive’s employment is terminated as a result of a Qualifying Termination, the Company shall pay Executive within thirty (30) days after the Qualifying Termination a cash lump sum equal to two One Hundred Percent (2100%) times the of Executive’s Compensation (the “Severance Payment”).

Appears in 1 contract

Samples: Agreement Re: Change in Control (Quidel Corp /De/)

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Severance Payment. If Executive’s 's employment is terminated as a result of a Qualifying Termination, the Company shall pay Executive within thirty (30) days after the Qualifying Termination a cash lump sum equal to two and one-half (22 1/2) times the Executive’s 's Compensation (the "Severance Payment"), together with any bonus, or relevant pro rata portion thereof, earned by Executive for the fiscal year in which the termination occurs.

Appears in 1 contract

Samples: I Flow Corp /Ca/

Severance Payment. If Executive’s 's employment is terminated as a result of a Qualifying Termination, the Company shall pay Executive within thirty (30) days after the Qualifying Termination a cash lump sum equal to two three (23) times the Executive’s 's Compensation (the "Severance Payment"), together with any bonus, or relevant pro rata portion thereof, earned by Executive for the fiscal year in which the termination occurs.

Appears in 1 contract

Samples: Agreement (I Flow Corp /Ca/)

Severance Payment. If Executive’s 's employment is terminated as a result of a Qualifying Termination, the Company shall pay Executive within thirty (30) days after the Qualifying Termination a cash lump sum equal to two (2) times the Executive’s 's Compensation (the "Severance Payment"), together with any bonus, or relevant pro rata portion thereof, earned by Executive for the fiscal year in which the termination occurs.

Appears in 1 contract

Samples: Agreement Re: Change in Control (I Flow Corp /Ca/)

Severance Payment. If Executive’s employment is terminated as a result of a Qualifying Termination, the Company shall pay Executive within thirty (30) days after the Qualifying Termination a cash lump sum equal to two one and a half (21.5) times the Executive’s Compensation annual base salary (the “Severance Payment”).

Appears in 1 contract

Samples: Agreement Re: Change in Control (Ashworth Inc)

Severance Payment. If Executive’s employment is terminated as a result of a Qualifying Termination, the Company shall pay Executive within thirty (30) days after the Qualifying Termination a cash lump sum equal to two (29) times the months of Executive’s Compensation base salary (the “Severance Payment”).

Appears in 1 contract

Samples: Agreement Re: Change in Control (Ashworth Inc)

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