Severance in an amount equal to the product of the Participant’s Applicable CIC Multiplier times the sum of # Participant’s base salary in effect on the date of the Qualifying Termination or, if greater, in effect on the first occurrence of a Change in Control, plus # the Participant’s target annual cash incentive compensation for the incentive plan year in which the Qualifying Termination occurs (the “CIC Severance”). Subject to [Section 9.11], the CIC Severance will be paid in a single lump-sum payment on the sixty-first (61st) day following the Qualifying Termination.
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