2006 Bonus Sample Clauses

2006 Bonus. Notwithstanding anything herein to the contrary, and in addition to any other payments described herein, if not paid by the Trust or the LP prior to the Effective Date, the Corporation shall pay to the Consultant, no later than the later of the Effective date or March 15, 2007, the cash amount of $150,000, representing the full amount of the Consultant’s bonus for 2006 from the Trust and the LP in accordance with the bonus criteria for the Consultant in place for the 2006 fiscal year.

2006 Bonus. (a) Your target bonus opportunity for 2006 is 100% of Base Salary. You will be receiving separately a letter setting forth your performance goals for 2006 under the 2006 Financial Bonus Plan. Should you remain employed with ProQuest Company through December 31, 2006, payment under the terms of this bonus plan will be made no later than March 14, 2007. (b) In the event that ProQuest Company terminates your employment without Cause or you terminate employment for Good Reason during the Term and prior to a Change of Control of the Company, you shall be entitled to a pro-rata portion of your annual bonus for the year in which your termination occurs, payable at the time that annual bonuses are paid to other senior executives, but no later than March 14, 2007 (determined by multiplying the amount you would have received based upon actual performance had your employment continued through the end of such year by a fraction, the numerator of which is the number of days during the year of termination that are employed by ProQuest Company and the denominator of which is 365). (c) In the event that there is a Change of Control of the Company before December 31, 2006, other than an Asset Sale, then you shall be entitled to a bonus for 2006 not less than a pro-rata portion of the amount payable under the 2006 Financial Bonus Plan determined by multiplying the amount you would have received by a fraction the numerator of which is the number of days elapsed in 2006 prior to the effective date of the Change of Control and the denominator of which is 365 paid on the effective date of such Change of Control of the Company.

2006 Bonus. Upon the execution of this Agreement by both parties, Executive shall receive a 2006 Bonus payment of $50,000 less all applicable payroll taxes (“2006 Bonus”).

2006 Bonus. Subject to the next succeeding sentence of this Section 4, if your employment with the Company and its affiliates is terminated as described in Section 5 prior to the date (the “Bonus Payment Date”) on which your bonus (if any) would be paid for the Company’s 2006 fiscal year in the normal course of business under your bonus arrangement with the Company (your “2006 Bonus Plan”), you shall be entitled to payment of your bonus under your 2006 Bonus Plan (if any) as though you had remained employed by the Company and its affiliates on the Bonus Payment Date. If prior to the Bonus Payment Date, the Company determines in good faith that you have violated any of the restrictive covenants in Section 8(a), 8(b) or 8(c), your rights to payment under this Section 4 shall be forfeited immediately.

2006 Bonus. Subject to the next succeeding sentence of this Section 4, if your employment with the Company and its affiliates is terminated as described in Section 5 prior to date (the “Bonus Payment Date”) on which bonuses (if any) are paid with respect to the Company’s 2006 fiscal year under the Company’s 2006 annual bonus plan, you shall be entitled to payment of your bonus under such plan as though you had remained employed by the Company and its affiliates on such bonus payment date. If prior to the Bonus Payment Date, the Company determines in good faith that you have violated any of the restrictive covenants in Section 8(a), 8(b) or 8(c), your rights to payment under this Section 4 shall be forfeited immediately.

2006 Bonus. The Employee shall not be eligible to receive a bonus payment from the Company for the fiscal year.

2006 Bonus. ProQuest Information & Learning Company guarantees that it will pay your 2006 target annual bonus opportunity, which is equal to $210,000, provided that you remain employed on a full time basis through December 31, 2006, The Compensation Committee of ProQuest Company will establish appropriate performance criteria based on current circumstances for you to earn a bonus above your 2006 target bonus under the 2006 Financial Bonus Plan for outstanding performance, thereby making your maximum bonus opportunity equal to $420,000. Should you remain employed with ProQuest Company through December 31, 2006, payment under the terms of this bonus plan will be made no later than March 14, 2007. If any event in Section 2 above, except a Sale of ProQuest I&L or a Change of Control of the Company, triggers accelerated vesting of your restricted stock award, you shall receive (a) the $210,000 guaranteed target annual bonus and (b) a pro-rata annual bonus for 2006, if any, based on outstanding performance above target payable at the time that annual bonuses are paid to other senior executives but no later than March 14, 2007. The “pro-rata annual bonus” is equal to (i) the annual bonus that otherwise would have been payable under this Section 4 based on the then current actual performance, as reasonably determined by the Compensation Committee of ProQuest Company, less the $210,000 guaranteed target annual bonus, and (ii) a fraction the numerator of which is the number of days elapsed in 2006 through any such event and the denominator of which is 365. In the event of either (i) a Sale of the ProQuest I&L Business (other than an I&L Asset Sale) before December 31, 2006, if you do not remain an active employee of ProQuest Company or one of its subsidiaries, or (ii) a Change of Control of the Company (other than a PQE Asset Sale) before December 31, 2006, then you shall receive (a) the $210,000 guaranteed target annual bonus and (b) a pro-rata annual bonus for 2006, if any, based on outstanding performance above target, determined in the same method as described above, and paid on the effective date of such Change of Control.

2006 Bonus. Pursuant to Section 5.2 of the Employment Agreement, the Company will make a cash payment to you of $79,890, which represents a pro rated amount of your target annual bonus for your service during 2006 through the termination of your employment. In lieu of making this bonus payment at the time that the Company would ordinarily pay bonuses to its executive officers, the Company agrees to accelerate the payment of your bonus and make this payment to you on the Effective Date of this Separation Agreement as described in Section 13 hereof.

2006 Bonus. Executive hereby waives any right, claim or entitlement to a bonus or annual incentive payment for the Company’s fiscal year ending December 31, 2006.

2006 Bonus. You will receive a portion of your bonus for 2006 (the “2006 Bonus”), subject to the terms and conditions for corporate bonuses generally applicable to employees for services rendered in 2006 (other than the requirement that you be employed by VeriSign on the bonus payment date), provided that you are in full compliance with your obligations under this Agreement, including without limitation your obligations under Sections 6 and 7 below of this Agreement, at the time VeriSign issues 2006 corporate bonuses to its employees, which typically occurs in March. The maximum amount of the 2006 Bonus that you will receive is 84% of your Target Bonus amount for 2006. For the purpose of clarification, your Target Bonus amount for 2006 is sixty percent (60%) of your base salary. Your base salary for 2006 is $427,200. The exact amount of the 2006 Bonus that you will receive will be determined by VeriSign based on the performance of both the company and your division. The payment of the 2006 Bonus, if any, will be made at the time that VeriSign issues annual bonuses to its employees, which will be no later than March 15, 2007.