Initial Severance. The Company shall pay to the Executive an amount of cash severance (the "Initial Severance") in a lump sum within 30 days after the Date of Termination equal to one-half of the product of the Multiplier times the sum of (1) the Executive's Base Salary and (2) the Executive's Target Bonus.
Appears in 5 contracts
Sources: Change in Control Severance Agreement (Assurant Inc), Change in Control Severance Agreement (Assurant Inc), Change in Control Severance Agreement (Assurant Inc)