Additional Bonus Trigger Clause Samples
Additional Bonus Trigger. If the Employee is terminated without Cause or resigns for Good Reason (as each term is defined below) (collectively, a “Termination”), and a Change of Control occurs within six (6) months after such Termination (or within twelve (12) months after such Termination if, prior to such Termination, HMC was involved in documented negotiations that resulted in such Change of Control) (collectively, the “Additional Bonus Trigger”), then the Employee shall be entitled to receive from HMC, in lieu of receiving any additional Termination Payments in accordance with Section 12(d)(i) below, (A) the Bonus Payment plus (B) a lump sum payment in cash equal to the increased Base Salary that would have been payable to the Employee during the Transition Period (as defined below) if the Termination had not occurred minus (C) any Termination Payments made to the Employee prior to the date of Change of Control in accordance with Section 12(d)(i) below (collectively, the “Pre-Closing Termination Bonus Payment”).
Additional Bonus Trigger. The Employee shall also be entitled to receive the Broadway Bonus Payment or HMC Bonus Payment, as applicable, if the Employee is terminated without Cause (as defined below) within six (6) months prior to the date of any Sale Transaction or Change of Control of HMC, as applicable (the “Additional Bonus Trigger”).