Tier 1 Employees shall receive payment equal to 200% of the sum of # the Tier 1 Employee’s Annual Base Salary, plus # the Tier 1 Employee’s Target Annual Incentive Payment (with both Annual Base Salary and Target Annual Incentive Payment being determined without regard to any decrease in such Annual Base Salary that would constitute a basis for a Good Reason Resignation).
Tier 2 Employees shall receive payment equal to 100% of the sum of # the Tier 2 Employee’s Annual Base Salary, plus # the Tier 2 Employee’s Target Annual Incentive Payment (with both Annual Base Salary and Target Annual Incentive Payment being determined without regard to any decrease in such Annual Base Salary that would constitute a basis for a Good Reason Resignation).
Tier 3 Employees shall receive payment equal to 50% of the sum of # the Tier 3 Employee’s Annual Base Salary, plus # the Tier 3 Employee’s Target Annual Incentive Payment (with both Annual Base Salary and Target Annual Incentive Payment being determined without regard to any decrease in such Annual Base Salary that would constitute a basis for a Good Reason Resignation).
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