Cash Severance definition

Cash Severance means the Cash Salary Severance and, with respect to a CIC Termination, the Incentive Compensation Severance, determined in accordance with Exhibit A or Exhibit B attached hereto, as applicable.

Cash Severance means a lump-sum cash payment equal to (1) for an Employee in the Gold Benefit Category, one hundred and fifty percent (150%) of the sum of the Employee’s Salary and Bonus Target, (2) for an Employee in the Silver Benefit Category, one hundred and fifty percent (150%) of the sum of the Employee’s Salary and Bonus Target, and (3) for an Employee in the Bronze Benefit Category, one hundred percent (100%) of the sum of the Employee’s Salary and Bonus Target.

Cash Severance means the amount specified in Section 5(a) or Section 5(c), as applicable.

Examples of Cash Severance in a sentence

• The Cash Severance Payment shall be made, and the continuing health insurance coverage shall commence, promptly after the Release becomes irrevocable; provided that to the extent the 60-day period spans two calendar years and to the extent required to comply with Code Section 409A, such payments shall be made or commence, as applicable, on the 60th day following the Date of Termination.

• The installment payments shall cease once you have received the full amount of your Cash Severance.

• In the event that the Company prevails on such action or claim, Executive’s right to receive, and the Company’s obligation to pay, any additional Cash Severance, including any previously suspended amounts, shall be terminated immediately, and Executive shall have no further rights to Cash Severance.

• The Change in Control Cash Severance will be paid in a single lump sum, less all applicable withholdings and deductions; provided, however, that no payments will be made prior to the first business day to occur on or after the 60th day following the date of the Participant’s Qualifying Termination.

• Such Cash Severance shall be made in a single lump sum cash payment to Executive on the effective date of the separation agreement referenced in Section 8(a).

More Definitions of Cash Severance

Cash Severance means the sum of the Base Salary Amount and the Bonus Amount as described in Section 5.

Cash Severance means an amount that is based on the Participant’s Base Compensation determined in accordance with Exhibit A attached hereto.

Cash Severance means the Cash Salary Severance and, if applicable, the Target Incentive Compensation Severance.

Cash Severance means the sum of Base Salary, Bonus and, as applicable, Prorated Target Bonus as described in Section 5.

Cash Severance means, with respect to any Participant, an amount equal to the product of (x) the sum of (i) the Participant’s Annual Base Salary plus (ii) the Participant’s Average Bonus, multiplied by (y) in the event that the Participant experiences a Qualifying Termination other than a CIC Termination, the Participant’s Qualifying Termination Cash Severance Multiple, or, in the event that the Participant experiences a CIC Termination, the Participant’s CIC Termination Cash Severance Multiple.

Cash Severance means a lump-sum cash payment equal to (1) for a Participant in Category 1, (i) one hundred and fifty percent (150%) of the sum of the Participant’s Salary and Bonus Target less (ii) the amount of the Non-Compete Payment, and (2) for a Participant in Category 2, one hundred percent (100%) of the sum of the Participant’s Salary and Bonus Target.

Cash Severance shall have the meaning provided in Section 2.1(a) hereof.