BASE SEVERANCE AMOUNT definition
BASE SEVERANCE AMOUNT means $512,069.
BASE SEVERANCE AMOUNT means an amount equal to (x) the greater of (1) $1,000,000 or (2) the Base Salary being paid to the Executive immediately prior to such termination, plus (y) the greater of (1) the Bonus paid to the Executive by the Company with respect to the most recently completed fiscal year, (2) the aggregate amount of all Bonuses paid to the Executive by the Company during the 12 months prior to such termination or (3) 100% of the Base Salary being paid to the Executive immediately prior to such termination.
BASE SEVERANCE AMOUNT means, for an Eligible Employee, the sum of (i) the greater of (1) the Eligible Employee’s annual base salary as of the Date of Termination (disregarding any reduction thereto that serves as the basis for the Eligible Employee’s resignation for Good Reason) and (2) to the extent applicable, the Eligible Employee’s annual base salary at the time of the first occurrence of a Change in Control within the two (2) years preceding the Date of Termination, plus (ii) the greater of (1) the Eligible Employee’s target annual cash incentive opportunity for the fiscal year of the Company during which the Date of Termination occurs (disregarding any reduction thereto that serves as the basis for the Eligible Employee’s resignation for Good Reason) and (2) to the extent applicable, the Eligible Employee’s target annual cash incentive opportunity for the fiscal year of the Company during which a Change in Control first occurs within the two (2) years preceding the Date of Termination (such greater amount, the “Target Bonus”).
More Definitions of BASE SEVERANCE AMOUNT
BASE SEVERANCE AMOUNT means $465,366.
BASE SEVERANCE AMOUNT means $431,904.
BASE SEVERANCE AMOUNT means $498,083.
BASE SEVERANCE AMOUNT means (i) the sum of (A) the annualized base salary of a Participant as of the Effective Date or at the Date of Termination whichever is greater and (B) the Target Bonus divided by (ii) twelve (12).