Common use of Severance Payment Clause in Contracts

Severance Payment. The Employer shall pay to Executive an amount equal to one (1) times (or if the Date of Termination occurs within 12 months following a Change in Control, two (2) times) the sum of Executive’s Base Salary as of the Date of Termination and the Average Annual Bonus, which amount shall be paid in a lump sum payment on the date that is 60 days after the Date of Termination;

Severance Payment. The Employer shall pay to Executive an a severance amount equal to one (1) two times (or if the Date of Termination occurs within 12 months following a Change in Control, two (2) times) the sum of (i) Executive’s Base Salary as of the Date of Termination and (ii) the Average Annual Bonus, which amount shall be paid in a lump sum payment on the date that is 60 days after the Date of TerminationTermination occurs; provided, however, that in the event that Executive’s Date of Termination under this Section 5.3(c) occurs within twelve (12) months following a Change in Control, such severance amount shall equal three times the sum of clauses (i) and (ii) of this Section 5.3(c);

Severance Payment. The Employer Upon the occurrence of a Qualifying Termination with respect to the Executive, the Company shall pay to the Executive an amount equal to one two times the Executive's annual base salary (1) times (or if the Date of Termination occurs within 12 months following a Change as in Control, two (2) times) the sum of Executive’s Base Salary as of the Date of Termination and the Average Annual Bonus, which amount shall be paid in a lump sum payment effect on the date that is 60 days after of the Date Qualifying Termination, not reduced by any reduction described in Section 1.3(b) above) and Annual Bonus Amount. The payment shall be made in twenty-four (24) equal monthly installments beginning on the first day of the month following Qualifying Termination;.

Severance Payment. The Employer shall pay to Executive will be paid an amount equal to one and one-half (11.5) times (or if the Date of Termination occurs within 12 months following a Change in Control, two (2) times) the sum of Executive’s Base Annual Salary as of and Target Bonus in effect immediately prior to the Date of Termination and the Average Annual Bonus, which amount Termination. Such severance shall be paid in a lump sum payment on the date that is 60 within sixty (60) days after following the Date of Termination;.

Severance Payment. The Employer shall Company will pay to Executive an amount equal to one (1) times (or if the Date of Termination occurs within 12 months following a Change in Control, two (2) times) times the sum of (A) Executive’s Base Salary as of the Date Termination Date, and (B) the amount equal to the average of Termination and the Annual Bonuses paid to Executive for the three immediately preceding completed calendar years, or if Executive has not been employed for three complete calendar years, then the average of the Annual Bonuses paid to Executive for the calendar years employed with the Company (the “Average Annual Bonus”), which amount shall will be paid in a lump sum payment on the date that is 60 days after the Date of Termination;Termination Date.

Severance Payment. The Employer Executive shall pay to Executive receive an amount equal to one (1) times (or if the Date of Termination occurs within 12 months following a Change in Control, two (2) times) times his annual Salary at the sum of Executive’s Base Salary as highest annualized rate in effect during the one year immediately preceding the date of the Date Change of Termination and the Average Annual BonusControl, which amount shall be paid payable in a single lump sum payment on the date that is 60 within thirty (30) days after the Date of Terminationtermination;

Severance Payment. The Employer shall pay to Executive an amount equal to one two (12) times (or if the Date of Termination occurs within 12 months following a Change in Control, two three (23) times) the sum of Executive’s Base Salary as of the Date of Termination and the Average Annual Bonus, which amount shall be paid in a lump sum payment on the date that is 60 days after the Date of Termination;; and

Severance Payment. The Employer shall pay to Executive an amount equal to one three (13) times (or if the Date of Termination occurs within 12 months following a Change in Control, two (2) times) the sum of Executive’s Base Salary as of the Date of Termination and the Average Annual Bonus, which amount shall be paid in a lump sum payment on the date that is 60 days after the Date of Termination;; and

Severance Payment. The Employer shall pay to Executive an a severance amount equal to one (1) 1.5 times (or if the Date of Termination occurs within 12 months following a Change in Control, two (2) times) the sum of (i) Executive’s Base Salary as of the Date of Termination and (ii) the Average Annual Bonus, which amount shall be paid in a lump sum payment on the date that is 60 days after the Date of TerminationTermination occurs; provided, however, that in the event that Executive’s Date of Termination under this Section 5.3(c) occurs within twelve (12) months following a Change in Control, such severance amount shall equal two times the sum of clauses (i) and (ii) of this Section 5.3(c);

Severance Payment. The Employer Company shall pay to the Executive an amount equal to one two and one-fourth times the Executive's annual base salary (1) times (or if the Date of Termination occurs within 12 months following a Change as in Control, two (2) times) the sum of Executive’s Base Salary as of the Date of Termination and the Average Annual Bonus, which amount shall be paid in a lump sum payment effect on the date that is 60 days after of the Date Qualifying Termination, not reduced by any reduction described in Section 1.6(b) above) and Annual Award Amount. The payment shall be made in twenty-four equal monthly installments beginning on the first day of the month following the Qualifying Termination;.

Severance Payment. The Employer In lieu of any further compensation payments to Executive for periods subsequent to the Date of Termination, the Company shall pay to Executive an amount equal to one (1) 1.0 times (or but 1.5 times if Executive terminates employment for Good Reason during the Date of Termination occurs within 12 months following a Change in Control, two (2) timesTerm) the sum of Executive’s (A) the Base Salary Compensation as of the Date of Termination and (B) the Average Annual Bonus, which amount shall be paid in a lump sum payment on the date that is 60 days after the Date of Termination;

Severance Payment. The Employer shall pay to Executive an amount equal to one (1) times (or if the Date of Termination occurs within 12 months following a Change in Control, two (2) times) times the sum of (i) Executive’s Base Salary as of the Date of Termination and (ii) the Average Target Annual BonusBonus in effect on the Date of Termination, which amount shall be paid in a lump sum payment substantially equal installments in accordance with the customary payroll practices of the Company (but no less frequently than monthly) over the Severance Period, with the first such installment paid on the first regular payroll date that is 60 days after the 60th day following the Date of Termination;; and

Severance Payment. The Employer shall pay to Executive will be paid an amount equal to one [eighteen (118) times months][twelve (or if 12) months] Executive’s Annual Salary plus Executive’s Target Bonus in effect immediately prior to the Date of Termination occurs within 12 months following a Change in ControlTermination, two (2) times) the sum of Executive’s Base Salary as of the Date of Termination and the Average Annual Bonus, which amount shall be paid in a lump sum payment on the date that is 60 within sixty (60) days after following the Date of Termination;.

Severance Payment. The Employer shall pay to Executive an amount equal to one (1) times (or if the Date of Termination occurs within 12 months following a Change in Control, two (2) times) times the sum of (i) Executive’s Base Salary as of the Date of Termination and (ii) the Average Target Annual BonusBonus in effect for the fiscal year immediately preceding the Date of Termination, which amount shall be paid in substantially equal installments in accordance with the customary payroll practices of the Company (but no less frequently than monthly) over a lump sum payment period of 24 months (the “Severance Period”), with the first such installment paid on the first regular payroll date that is 60 days after the 60th day following the Date of Termination;; and

Severance Payment. The Employer shall pay to Executive will be paid an amount equal to one (1A) times (or if the Date of Termination termination occurs within 12 on or prior to March 10, 2015], nine months following a Change in Control, two (2) times) the sum of Executive’s Base Salary annual base salary as in effect immediately prior to Executive’s termination date or (B) if the termination occurs after March 10, 2015, six months of the Date of Termination and the Average Annual BonusExecutive’s annual base salary as in effect immediately prior to Executive’s termination date, which amount shall any such payments to be paid in a lump sum payment on the date that is 60 days after the Date of Termination;payment, subject to required withholdings and deductions.

Severance Payment. The Employer shall pay to Executive an amount equal to one (1) times (or if the Date of Termination occurs within 12 months following a Change in Control, two (2) times) times the sum of Executive’s Base Salary as of the Date of Termination and the Average Annual Bonus, which amount shall be paid in a lump sum payment on the date that is 60 days after the Date of Termination;; and