Common use of Lump Sum Severance Clause in Contracts

Lump Sum Severance. The Company (or its Successor) shall pay to Executive a lump sum a cash payment equal to three (3) times Executive’s Average Annual Compensation, less $1.00.

Lump Sum Severance. The Company (or its Successor) shall pay to Executive a lump sum a cash payment equal to three (3) times Executive’s Average Annual Compensation, less $1.00.