Common use of Xxxxxxxxx Amount Clause in Contracts

Xxxxxxxxx Amount. The Company shall pay the Executive an amount (the “Disability Severance Amount”) equal to three-quarters (0.75) times the average amount of the Executive’s combined Base Salary during the shorter of (A) three (3) fiscal years immediately preceding the year in which the termination of the Executive’s employment occurs or (B) the period of time beginning on the date of this Agreement and ending on the termination date of Executive’s employment with the Company. The Disability Severance Amount shall be payable in 12 equal monthly installments, commencing with the month immediately following the termination of the Executive’s employment by reason of Disability.

Appears in 3 contracts

Samples: Employment Agreement (CYS Investments, Inc.), Employment Agreement (CYS Investments, Inc.), Employment Agreement (CYS Investments, Inc.)

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Xxxxxxxxx Amount. The Company shall pay the Executive an amount (the “Disability Severance Amount”) equal to three-quarters two (0.752) times the average amount of the Executive’s combined Base Salary during the shorter of (A) three (3) fiscal years immediately preceding the year in which the termination of the Executive’s employment occurs or (B) the period of time beginning on the date of this Agreement and ending on the termination date of Executive’s employment with the Company. The Disability Severance Amount shall be payable in 12 24 equal monthly installments, commencing with the month immediately following the termination of the Executive’s employment by reason of Disability.

Appears in 1 contract

Samples: Employment Agreement (CYS Investments, Inc.)

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Xxxxxxxxx Amount. The Company shall pay the Executive an amount (the “Disability Severance Amount”) equal to three-quarters (0.75) times the average amount of the Executive’s combined Base Salary during the shorter of (A) three (3) fiscal years immediately preceding the year in which the termination of the Executive’s employment occurs or (B) the period of time beginning on the date of this Agreement and ending on the termination date of Executive’s employment with the Company. The Disability Severance Amount shall be payable in 12 equal monthly installments, commencing with the month immediately following the termination of the Executive’s employment by reason of Disability.

Appears in 1 contract

Samples: Employment Agreement (CYS Investments, Inc.)

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