Severance Multiplier definition

Severance Multiplier means, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination occurs within the two (2) year period following a Change in Control, the Severance Multiplier shall instead equal 2.

Severance Multiplier means an amount equal to one and one-half (1½).

Severance Multiplier is as defined in Section 6 of the Agreement.

Examples of Severance Multiplier in a sentence

• A designation of “Level 1” shall mean the Participant’s Severance Multiplier is two (2x).

• A designation of “Tier A” shall mean the Participant’s Severance Multiplier is three (3x).

• Upon a Non-Change in Control Termination, the Participant will receive as severance an amount equal to the product of (i) the Participant’s Monthly Base Salary, and (ii) the Participant’s applicable Severance Multiplier (the “Non-Change in Control Cash Severance”).

• Upon a Change in Control Termination, the Participant will receive as severance an amount equal to the product of (i) the sum of the Participant’s Monthly Base Salary and Monthly Annual Bonus Target, and (ii) the Participant’s applicable Severance Multiplier (the “Change in Control Cash Severance”).

• Upon a Non-Change in Control Termination, the Participant will receive as severance an amount equal to the product of (i) the sum of the Participant’s Monthly Base Salary and Monthly Annual Target Bonus, and (ii) the Participant’s applicable Severance Multiplier (the “Non-Change in Control Cash Severance”).

More Definitions of Severance Multiplier

Severance Multiplier means an amount equal to two (2); provided, however, if Employee’s termination occurs within the twelve (12) month period following a Change in Control, the Severance Multiplier shall equal three (3).

Severance Multiplier means 200%; provided, however, that Severance Multiplier means 299% solely in the event that the applicable Without Cause Termination or Constructive Discharge occurs within one year of a Change in Control (as defined from time to time in the Company’s 2004 Equity and Incentive Plan or subsequent plan).

Severance Multiplier means the multiplier, designated pursuant to Section 2.01(c) in accordance with a Participant’s Tier, to be applied to a Participant’s Change of Control Severance Payment under Section 3.01.

Severance Multiplier means: (A) nine (9) for a Qualifying Termination of a Participant other than the Chief Executive Officer (the “CEO”) and (b) twelve (12) for a Qualifying Termination of the CEO.

Severance Multiplier means one for Group 1 Executives and two for Group 2 Executives.

Severance Multiplier means the sum of (1) nine (9) plus (2) one (1) month for each additional twelve-month period of Executive’s employment with the Company or its affiliates (including Zeno Pharmaceuticals, Inc.) following September 1, 2015; provided, however, that the Severance Multiplier shall not exceed twelve (12);

Severance Multiplier means the multiplier, if any, designated according to Section 2.1 to be applied to a Participant’s Severance Payment under Section 3.2. The Severance Multiplier shall be listed on Exhibit A to this Plan.