Lump Sum Payment. Key shall pay to the Executive, at the time specified in Section 1.5, a lump sum severance benefit equal to one and one half times the sum of (i) one year’s Base Salary (at the highest rate in effect at any time during the one year period ending on the date of the Change of Control) plus (ii) Average Short Term Incentive Compensation, and
Appears in 3 contracts
Samples: Agreement (Keycorp /New/), Agreement (Keycorp /New/), Agreement (Keycorp /New/)
Lump Sum Payment. Key shall pay to the Executive, at the time specified in Section 1.5, a lump sum severance benefit equal to one and one half three times the sum of (i) one year’s Base Salary (at the highest rate in effect at any time during the one year period ending on the date of the Change of Control) plus (ii) Average Short Term Incentive Compensation, ; and
Appears in 3 contracts
Samples: Agreement (Keycorp /New/), Agreement (Keycorp /New/), Agreement (Keycorp /New/)
Lump Sum Payment. Key shall pay to the Executive, Executive at the time specified in Section 1.5, a lump sum severance benefit equal to one and one half times the sum of (i) one year’s Base Salary (at the highest rate in effect at any time during the one year period ending on the date of the Change of Control) ), plus (ii) Average Short Term Incentive Compensation, and
Appears in 2 contracts
Samples: Agreement (Keycorp /New/), Agreement (Keycorp /New/)
Lump Sum Payment. Key shall pay to the Executive, at the time specified in Section 1.5, a lump sum severance benefit equal to one and one half two times the sum of (i) one year’s Base Salary (at the highest rate in effect at any time during the one year period ending on the date of the Change of Control) plus (ii) Average Short Term Incentive Compensation, ; and
Appears in 2 contracts
Samples: Agreement (Keycorp /New/), Agreement (Keycorp /New/)
Lump Sum Payment. Key shall pay to the Executive, at the time specified in Section 1.51.3, a lump sum severance benefit equal to one and one half three times the sum of (i) one year’s Base Salary (at the highest rate in effect at any time during the one year period ending on the date of the Change of Control) plus (ii) Average Short Term Incentive Compensation, ; and
Appears in 2 contracts
Samples: Agreement (Keycorp /New/), Agreement (Keycorp /New/)
Lump Sum Payment. Key shall pay to the Executive, at the time specified in Section 1.51.3, a lump sum severance benefit equal to one and one half two-times the sum of (i) one year’s Base Salary (at the highest rate in effect at any time during the one year period ending on the date of the Change of Control) plus (ii) Average Short Term Incentive Compensation, ; and
Appears in 2 contracts
Samples: Form of Change of Control Agreement Tier Ii Executives (Keycorp /New/), Form of Change of Control Agreement Tier Ii Executives (Keycorp /New/)
Lump Sum Payment. Key shall pay to the Executive, at the time specified in Section 1.5, a lump sum severance benefit equal to one and one half three times the sum of (i) one year’s Base Salary (at the highest rate in effect at any time during the one year period ending on the date of the Change of Control) plus (ii) Average Short Term Incentive Compensation plus (iii) 50% of Average Long Term Incentive Compensation, ; and
Appears in 1 contract
Samples: Agreement (Keycorp /New/)
Lump Sum Payment. Key shall pay to the Executive, at the time specified in Section 1.5, a lump sum severance benefit equal to one and one half times the sum of (i) one year’s Base Salary (at the highest rate in effect at any time during the one year period ending on the date of the Change of Control) plus (ii) Average Short Term Incentive Compensation plus (iii) 50% of Average Long Term Incentive Compensation, and
Appears in 1 contract
Samples: Agreement (Keycorp /New/)