Termination Compensation. Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.
Appears in 11 contracts
Sources: Executive Change in Control Severance Agreement (Simmons First National Corp), Executive Change in Control Severance Agreement (Simmons First National Corp), Executive Change in Control Severance Agreement (Simmons First National Corp)
Termination Compensation. Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash cash. If at the time of the Executive's termination of employment the Executive is not a Specified Employee, then payment of the Termination Compensation to Executive shall be made on the later of the thirtieth (30th) business day after Executive's employment termination or the later of (a) the Control Change Date and (b) the date first day of the month following Executive's employment termination; provided that if . If at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.
Appears in 8 contracts
Sources: Executive Severance Agreement (Simmons First National Corp), Executive Severance Agreement (Simmons First National Corp), Executive Severance Agreement (Simmons First National Corp)
Termination Compensation. Termination Compensation equal to two (2) 2.00 times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on or in common stock of the thirtieth (30th) business day after Company, at the later of (a) the Control Change Date and (b) the date election of the Executive's employment termination; provided that if at the time . Payment of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the later of the thirtieth business day after Executive's employment termination or the first day of the seventh (7th) month following the Executive's his employment termination.
Appears in 4 contracts
Sources: Executive Severance Agreement (First United Bancshares Inc /Ar/), Executive Severance Agreement (First United Bancshares Inc /Ar/), Executive Severance Agreement (First United Bancshares Inc /Ar/)
Termination Compensation. Termination Compensation equal to two (2) 3.00 times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on or in common stock of the thirtieth (30th) business day after Company, at the later of (a) the Control Change Date and (b) the date election of the Executive's employment termination; provided that if at the time . Payment of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the later of the thirtieth business day after Executive's employment termination or the first day of the seventh (7th) month following the Executive's his employment termination.
Appears in 3 contracts
Sources: Executive Severance Agreement (First United Bancshares Inc /Ar/), Executive Severance Agreement (First United Bancshares Inc /Ar/), Executive Severance Agreement (First United Bancshares Inc /Ar/)
Termination Compensation. Termination Compensation equal to two (2) 2.00 times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash or in common stock of the Company, at the election of the Executive. Payment of Termination Compensation to Executive shall be made on the later of the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on or the first day of the seventh (7th) month following the Executive's his employment termination.
Appears in 3 contracts
Sources: Executive Severance Agreement (Simmons First National Corp), Executive Severance Agreement (Simmons First National Corp), Executive Severance Agreement (Simmons First National Corp)
Termination Compensation. Termination Compensation equal to two (2) times the Executive's ’s Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's ’s employment termination; provided that if at the time of the Executive's ’s termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's ’s employment termination.
Appears in 1 contract
Sources: Change in Control Severance Agreement (Simmons First National Corp)
Termination Compensation. Termination Compensation equal to two (2) times the Executive's ’s Base Period Income shall be paid to the Executive in a single sum payment in cash cash. If at the time of the Executive’s termination of employment the Executive is not a Specified Employee, then payment of the Termination Compensation to Executive shall be made on the later of the thirtieth (30th) business day after Executive’s employment termination or the later of (a) the Control Change Date and (b) the date first day of the month following Executive's ’s employment termination; provided that if . If at the time of the Executive's ’s termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's ’s employment termination.
Appears in 1 contract
Sources: Executive Severance Agreement (Simmons First National Corp)
Termination Compensation. Termination Compensation equal to two (2) 1.00 times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash cash. If at the time of the Executive's termination of employment the Executive is not a Specified Employee, then payment of the Termination Compensation to Executive shall be made on the later of the thirtieth (30th) business day after Executive's employment termination or the later of (a) the Control Change Date and (b) the date first day of the month following Executive's employment termination; provided that if . If at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.
Appears in 1 contract
Sources: Executive Severance Agreement (Simmons First National Corp)
Termination Compensation. Termination Compensation equal to two (2) 2.00 times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash cash. If at the time of the Executive's termination of employment the Executive is not a Specified Employee, then payment of the Termination Compensation to Executive shall be made on the later of the thirtieth (30th) business day after Executive's employment termination or the later of (a) the Control Change Date and (b) the date first day of the month following Executive's employment termination; provided that if . If at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.
Appears in 1 contract
Sources: Executive Severance Agreement (Simmons First National Corp)
Termination Compensation. Termination Compensation equal to two three (23) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.
Appears in 1 contract
Sources: Executive Change in Control Severance Agreement (Simmons First National Corp)
Termination Compensation. Termination Compensation equal to two (2) 2.00 times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash or in common stock of Company, at the election of Executive. Payment of Termination Compensation to Executive shall be made on the later of the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on or the first day of the seventh (7th) month following the Executive's his employment termination.
Appears in 1 contract
Sources: Executive Severance Agreement (Simmons First National Corp)
Termination Compensation. Termination Compensation equal to two (2) 2.00 times the Executive's ’s Base Period Income shall be paid to the Executive in a single sum payment in cash cash. If at the time of the Executive’s termination of employment the Executive is not a Specified Employee, then payment of the Termination Compensation to Executive shall be made on the later of the thirtieth (30th) business day after Executive’s employment termination or the later of (a) the Control Change Date and (b) the date first day of the month following Executive's ’s employment termination; provided that if . If at the time of the Executive's ’s termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's ’s employment termination.
Appears in 1 contract
Sources: Executive Severance Agreement (Simmons First National Corp)
Termination Compensation. Termination Compensation equal to two (2) three times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash cash. If at the time of the Executive's termination of employment the Executive is not a Specified Employee, then payment of the Termination Compensation to Executive shall be made on the later of the thirtieth (30th) business day after Executive's employment termination or the later of (a) the Control Change Date and (b) the date first day of the month following Executive's employment termination; provided that if . If at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.
Appears in 1 contract
Sources: Executive Severance Agreement (Simmons First National Corp)
Termination Compensation. Termination Compensation equal to two one (21) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.
Appears in 1 contract
Sources: Executive Change in Control Severance Agreement (Simmons First National Corp)
Termination Compensation. Termination Compensation equal to two (2) 2.00 times the Executive's ’s Base Period Income shall be paid to the Executive in a single sum payment in cash or in common stock of Company, at the election of Executive. Payment of Termination Compensation to Executive shall be made on the later of the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's ’s employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on or the first day of the seventh (7th) month following the Executive's his employment termination.
Appears in 1 contract
Sources: Executive Severance Agreement (Simmons First National Corp)
Termination Compensation. Termination Compensation equal to two (2) 1.00 times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash or in common stock of the Company, at the election of the Executive. Payment of Termination Compensation to Executive shall be made on the later of the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on or the first day of the seventh (7th) month following the Executive's his employment termination.
Appears in 1 contract
Sources: Executive Severance Agreement (Simmons First National Corp)