Common use of AIP and EIC Plan Components Clause in Contracts

AIP and EIC Plan Components. (A) Payment, promptly after termination and in any event within 30 days after the Date of Termination, of a lump sum amount equal to the product of (A) two (2) and (B) 75% of his Average Annual Bonus (as defined below).

Appears in 2 contracts

Samples: Employment Agreement (Clorox Co /De/), Employment Agreement (Clorox Co /De/)

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AIP and EIC Plan Components. (A) Payment, promptly after termination and in any event within 30 days after the Date of Terminationtermination, of a lump sum amount equal to the product of (A) two (2) and (B) 75% of his Average Annual Bonus (as defined below)Bonus, prorated to the date of termination.

Appears in 1 contract

Samples: Employment Agreement (Clorox Co /De/)

AIP and EIC Plan Components. (A) Payment, promptly after termination and in any event within 30 days after the Date of Terminationtermination, of a lump sum amount equal to the product of (A) two three (23) and (B) 75% of his Average Annual Bonus (as defined below)Bonus.

Appears in 1 contract

Samples: Employment Agreement (Clorox Co /De/)

AIP and EIC Plan Components. (A) Payment, promptly after termination and in any event within 30 days after the Date of Termination, of a lump sum amount equal to the product of (A) two three (23) and (B) 75% of his Average Annual Bonus (as defined below)Bonus.

Appears in 1 contract

Samples: Employment Agreement (Clorox Co /De/)

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AIP and EIC Plan Components. (A) Payment, promptly after termination and in any event within 30 days after the Date of Termination, of a lump sum amount equal to the product of (A) two (2) and (B) 75% of his Average Annual Bonus (as defined below)Bonus, prorated to the Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (Clorox Co /De/)

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