Altice USA Bonus. Since your Separation Date is before payments are made pursuant to the Company’s Altice USA Bonus Plan (the “Altice USA Bonus”) approved by the Company’s Board of Directors for calendar year 2023, and payments are made to active participating employees, you will be eligible to receive an Altice USA Bonus with respect to calendar year 2023 despite your no longer being employed by the Company on the date on which any such bonus would typically be paid. This Axxxx USA Bonus will be calculated based upon your actual base salary paid to you in 2023. This amount, subject to reduction for applicable withholding taxes and deductions, will be payable to you if and when such bonuses are generally paid to similarly situated active employees and will be based on your 2023 annual target bonus percentage of 100% of your base salary as of the Separation Date, as well as business performance as determined by the Company in its sole discretion, but without adjustment for your individual performance. To the extent the Compensation Committee of the Board of Directors decides to provide a discretionary positive adjustment to the business performance factor used to determine the 2023 Altice USA Bonus for similarly situated executives (direct reports to the CEO who participate in the Corporate Plan), the same discretionary positive adjustment to the business performance factor will be utilized in determining your 2023 bonus.
Altice USA Bonus. Since your Separation Date is before payments are made pursuant to the Company’s Altice USA Bonus Plan (the “Altice USA Bonus”) approved by the Company’s Board of Directors for calendar year 2021, and payments are made to active participating employees, you will be eligible to receive an Altice USA Bonus with respect to calendar year 2021 despite your no longer being employed by the Company on the date on which any such bonus would typically be paid. This Xxxxx USA Bonus will be calculated based upon your actual base salary paid to you in 2021. This amount, subject to reduction for applicable withholding taxes and deductions, will be payable to you if and when such bonuses are generally paid to similarly situated active employees and will be based on your 2021 annual target bonus percentage of 200%, as well as business performance as determined by the Company in its sole discretion, but without adjustment for your individual performance. To the extent the Compensation Committee of the Board of Directors decides to provide a discretionary positive adjustment to the business performance factor used to determine the 2021 Altice USA Bonus for similarly situated executives (direct reports to the CEO who participate in the Corporate Plan), the same discretionary positive adjustment to the business performance factor will be utilized in determining your 2021 bonus.
Altice USA Bonus. You will be eligible to receive a bonus under the Altice USA Bonus Program for calendar year 2019 in an amount determined in the discretion of the Board or an authorized committee thereof. The bonus will be based on your current annual target bonus percentage (200%) of your base salary ($500,000) for the full calendar year of 2019 as well as business performance as determined by the Company in its sole discretion, but without adjustment for your individual performance. This amount, subject to reduction for applicable withholding taxes and deductions, will be payable to you if and when such bonuses are generally paid to similarly situated active employees.
Altice USA Bonus. If your Separation Dates before payments are made pursuant to the Company's Altice USA Program (the "Altice USA Bonus") for calendar year 2019, and payments are made to active participating employees, you will be eligible to receive an Altice USA Bonus with respect to calendar year 2019, in accordance with that certain Letter Agreement , by and between , you and the Company dated as of [DATE], 2019 (the "Letter Agreement"), despite your no longer being employed by the Company on the date on which any such bonus would typically be paid. For the avoidance of doubt, the amount of the Altice USA Bonus shall not be pro-rated for any partial service during calendar year 2019 but shall be paid as if you were employed for the entire calendar year. This amount, subject to reduction for applicable withholding taxes and deductions, will be payable to you if and when such bonuses are generally paid to similarly situated active employees.
