Common use of Multiple of Salary and Bonus Clause in Contracts

Multiple of Salary and Bonus. On the first business day six months and one-day after the Termination Date, an amount equal to two (2.0) times the sum of Executive’s (x) Base Salary and (y) the Target Annual Bonus, each determined as of the Termination Date; provided, however, that any reduction in Executive’s Base Salary or Annual Bonus that would qualify as Good Reason shall be disregarded for purposes of determining the amount payable under this clause (v); and

Multiple of Salary and Bonus. On the first business day six months and one-day after the Termination Date, an amount equal to two (2.0) times the sum of Executive’s (x) Base Salary and (y) the Target Annual Bonus, each determined as of the Termination Date; provided, however, that any reduction in Executive’s Base Salary or Annual Bonus that would qualify as Good Reason shall be disregarded for purposes of determining the amount payable under this clause (viv); and.