Applicable Multiple means (i) one, in the event termination or resignation occurs prior to a Change in Control of the Company (as defined in Section 7(b)); and (ii) two, in the event termination or resignation occurs on or after a Change in Control of the Company. Notwithstanding the foregoing, if within six months prior to the date on which a Change in Control occurs, the Executive’s employment with the Company Group is terminated by the Company without Cause or by the Executive for Good Reason, and it is reasonably demonstrated that such termination of employment or Good Reason event was in contemplation of the Change in Control, then the Applicable Multiple shall be two, but the Severance Amount payable as a result of such revised calculation shall be reduced by any Severance Amount previously paid to the Executive under this Section 6(c) by the Company Group as a result of such termination or resignation of employment.
Applicable Multiple means: (a) in the case of termination of the employment of the Executive during the Window Period by the Executive for any reason whatsoever, one (1); or (b) in the case of (i) termination of the employment of the Executive during the Employment Period by the Company for any reason other than death, Disability, or Cause and (ii) termination of the employment of the Executive during the Employment Period (other than during the Window Period) by the Executive for Good Reason, two (2).
Applicable Multiple means the number specified under the heading “Applicable Multiple” on Appendix II for the Participant’s designated Severance Benefit Classification.
Examples of Applicable Multiple in a sentence
Your Termination Payment Multiple shall be [Applicable Multiple] and your Change in Control Termination Payment Multiple shall be [Applicable Multiple].
Multiple Contracts (Not Applicable) Multiple contracts will be permitted in accordance with ITT 35.4. Tenderers are evaluated on basis of the lowest evaluated tenderer identified for each Lot.
Unless otherwise specified in attached Exhibit A, the Applicable Multiple for each Officer shall be three (3).
Establishment of SubcommitteesSubcommittees – The Commission may establish subcommittees of up to 6 members.
Not Applicable] Multiple contracts will be permitted in accordance with ITT 33.4. Tenderers are evaluated on basis of Item to Item basis and the lowest evaluated tenderer identified for each Item.
More Definitions of Applicable Multiple
Applicable Multiple means the number identified as such on the signature page hereto.
Applicable Multiple means the average of (A) the Sizzler Multiple at the time of the exercise of the Put Option for which the Option Exercise Price is being determined and (B) either (i) eight (8) if such exercise is during Year 3, (ii) seven (7) if such exercise is during Year 4, or (iii) six (6) if such exercise is during Year 5 or Thereafter; provided, however, in no event shall the Applicable Multiple exceed nine (9) if such exercise is during Year 3, or eight (8) if such exercise is during Year 4, or seven (7) if such exercise is during Year 5 of Thereafter.
Applicable Multiple means, (a) for the period commencing on the Fourth Amendment Effective Date through the second to last day of Fiscal Quarter 1, 2015, 3.75; and (b) for the period commencing on the last day of Fiscal Quarter 1, 2015 and thereafter, 3.50.
Applicable Multiple means one, in the event a termination or resignation occurs prior to a change in control of SBA (and such officer is not Retirement Eligible at such time), and two, in the event termination or resignation occurs on or after a change in control of SBA. Each of Messrs. Cavanagh’s, Bagwell’s and Hunt’s severance payment is payable in a lump sum.
Applicable Multiple shall be eight (8).
Applicable Multiple means two, in the event the termination occurs prior to a change in control of SBA and three, in the event the termination occurs on or after a change in control of SBA. “Reference bonus” means the greater of (i) 75% of Mr. Stoops’ minimum annual bonus target for the year in which the termination or resignation occurs and (ii) 100% of the bonus paid for the year immediately preceding the year in which the termination or resignation occurred. “Reference benefits value” means the greater of (x) $33,560 and (y) the value of all medical, dental, health, life, and other fringe benefit plans for the year in which the termination or resignation occurs. Mr. Stoops’ severance payment is payable in a lump sum.
Applicable Multiple means (i) one, in the event termination or resignation occurs prior to a Change in Control of the Company (as defined in Section 7(b)) and the Executive is not “retirement eligible” within the meaning of the Company’s Equity Plan Retirement Policy; and (ii) two, in the event termination or resignation occurs on or after a Change in Control of the Company. Notwithstanding the foregoing, if within six months prior to the date on which a Change in Control occurs, the Executive’s employment with the Company Group is terminated by the Company without Cause or resignation by the Executive for Good Reason, and it is reasonably demonstrated that such termination of employment or resignation for Good Reason event was in contemplation of the Change in Control, then the Applicable Multiple shall be two, but the Severance Amount payable as a result of such revised calculation shall be reduced by any Severance Amount previously paid to the Executive under this Section 6(c) by the Company Group as a result of such termination or resignation of employment.