Termination Compensation. In the event of a termination of this Agreement pursuant to Section 5(a)(i) or 5(b)(i) hereof, Employer shall pay to Executive, within thirty (30) days of termination, an amount in one lump sum ("Termination Compensation") equal to the greater of (i) one hundred percent (100%) of Executive's then current annual Base Compensation and (ii) one hundred percent (100%) of the remaining aggregate Base Compensation payable to Executive over the remainder of the Employment Term.
Appears in 4 contracts
Samples: Employment Agreement (Prime Group Realty Trust), Employment Agreement (Prime Group Realty Trust), Employment Agreement (Prime Group Realty Trust)
Termination Compensation. In the event of a termination of this Agreement pursuant to Section 5(a)(i) or 5(b)(i) hereof, Employer shall pay to Executive, within thirty (30) days of termination, an amount in one lump sum ("Termination Compensation") equal to the greater of (i) one hundred percent (100%) 50% of Executive's then current annual Base Compensation and (ii) one hundred percent (100%) as of the remaining aggregate Base Compensation payable to Executive over the remainder effective date of the Employment Termsuch termination.
Appears in 3 contracts
Samples: Employment Agreement (Brookdale Living Communities Inc), Employment Agreement (Brookdale Living Communities Inc), Employment Agreement (Brookdale Living Communities Inc)
Termination Compensation. In the event of a termination of this Agreement pursuant to Section 5(a)(i) or 5(b)(i) hereof, Employer shall pay to Executive, within thirty (30) days of termination, an amount in one lump sum ("Termination Compensation") equal to the greater of (i) one hundred percent (100%) 50% of Executive's then current annual Base Compensation and (ii) one hundred percent (100%) as of the remaining aggregate Base Compensation payable effective date of such termination; provided, however, that the foregoing shall not affect Employer's obligation to pay Executive over any Performance Bonuses to which Executive may become entitled after the remainder date of such termination pursuant to the Employment Termapplicable provisions of this Section 5.
Appears in 1 contract
Samples: Employment Agreement (Brookdale Living Communities Inc)
Termination Compensation. In the event of a termination of this Agreement pursuant to Section 5(a)(i) or 5(b)(i) hereof, Employer shall pay to Executive, within thirty (30) days of termination, an amount in one lump sum ("Termination Compensation") equal to the greater of (i) one hundred percent (100%) 50% of Executive's then current annual Base Compensation and (ii) one hundred percent (100%) as of the remaining aggregate Base Compensation payable effective date of such termination; provided, however, that the foregoing shall not affect Employer's obligation to pay Executive over any Performance Bonus Distributions to which Executive may become entitled after the remainder date of such termination pursuant to the Employment Termapplicable provisions of this Section 5.
Appears in 1 contract
Samples: Employment Agreement (Brookdale Living Communities Inc)
Termination Compensation. In the event of a termination of this Agreement pursuant to Section 5(a)(i), 5(a)(iii) or 5(b)(i) hereof), Employer shall pay to Executive, within thirty (30) 30 days of termination, an amount in one lump sum ("Termination Compensation") equal to the greater of (i) one hundred percent (100%) 50% of Executive's then current annual Base Compensation and (ii) one hundred percent (100%) as of the remaining aggregate Base Compensation payable to Executive over the remainder effective date of the Employment Termtermination.
Appears in 1 contract
