Accrued Bonus. The Company will pay you your Accrued Bonus. Your “Accrued Bonus” means the sum of (A) any unpaid but vested bonus for the fiscal year ending before the Termination Notice is given and (B) any excess of (i) the average of the bonuses you earned for the three fiscal years ending before the year in which the Termination Notice is given multiplied by the number of days of your employment since the fiscal year ending before Termination Notice is given divided by 365 over (ii) any bonus paid to you for a fiscal year ending after Termination Notice is given.
Appears in 4 contracts
Samples: Change in Control Severance Agreement (Central Pacific Financial Corp), Change in Control Severance Agreement (Central Pacific Financial Corp), Change in Control Severance Agreement (Central Pacific Financial Corp)