Severance Amount definition

Severance Amount means:

Severance Amount means an amount equal to two times Executive’s Annual Compensation.

Severance Amount means an amount equal to the aggregate Base Salary which would have been earned by Executive under this Agreement for the period commencing on the day after termination of the Consulting Agreement Period and ending on the Scheduled Expiration Date; provided that if the Company terminates the Consulting Agreement due to Executive’s material breach of any term thereof, the Severance Amount shall be reduced to zero.

Examples of Severance Amount in a sentence

• The Severance Plan has been amended by the Company to provide that in the event of your Separation from Service without Cause or for Good Reason (other than a Termination Upon a Change in Control), the Severance Amount payable to you pursuant to Section 4.2(a) of the Severance Plan will be payable over a Severance Period of four months, subject to the terms and conditions of the Severance Plan, and notwithstanding anything to the contrary in your offer letter with the Company or otherwise.

• Half of the Severance Amount shall be paid in a single lump sum, the remaining half in twelve equal monthly installments and the Earned Bonus, if any, shall be paid at the same time as if Executive had remained employed with the Company through the payment date.

• The Company shall pay the Participant an amount equal to the Severance Amount, payable in substantially equal installments in accordance with the Company’s regular payroll practices during the period beginning on such Separation from Service and ending at the end of the applicable Severance Period.

• The Severance Amount will be subject to all applicable withholdings and will be payable by the Company to the Executive in nine (9) equal installments beginning on the first regular payroll date following the date that the Release becomes effective and irrevocable or, if any component of the Severance Amount is subject to Section 409A, beginning on the first regular Company payroll date after the sixtieth (60th) day following the Termination Date.

• The Severance Amount shall be in addition to Mr. McGovern’s earned wages and other compensation (including reimbursements of his outstanding expenses and unused vacation) through the date his employment is terminated from the Company.

More Definitions of Severance Amount

Severance Amount is equal to:

Severance Amount means an amount equal to the Executive’s annual Base Salary, as in effect immediately prior to the Termination Date.

Severance Amount means an amount equal to two (2) times the sum of (A) the Executive’s annual Base Salary as in effect immediately prior to the Termination Date and (B) the Executive’s Target Bonus for the Bonus Period in which termination occurs.

Severance Amount means an amount equal to one times the Base Amount (as defined below) determined with respect to the Base Period (as defined below); provided, however, in no event shall the Severance Amount be less than two times the Executive’s annual rate of base salary at the higher of the annual rate in effect (i) immediately prior to the Date of Termination or (ii) on the date six months prior to the Date of Termination. For purposes of this subsection (b):

Severance Amount means (A) for any Termination other than during a Covered Period, an amount equal to one hundred percent (100%) of Executive’s then-current Annual Base Salary as of the respective Termination; or (B) for a Termination during a Covered Period, an amount equal to two hundred percent (200%) of Executive’s Base Compensation as of the respective Termination.

Severance Amount means an amount equal to

Severance Amount means an amount equal to one and one-half times Executive’s Annual Compensation; provided, however, that, at any time after December 31, 2009, such amount shall include a Target-Level Bonus only if a bonus was paid to or earned by Executive for the most recently completed fiscal year of CEP.