Common use of Amount of Post-Employment Bonus Clause in Contracts

Amount of Post-Employment Bonus. In addition to the Post-Employment Base Salary provided under Section 5(a) above, and subject to Section 5(e), the Company shall pay to Executive an amount equal to the product of 1.5 times the targeted amount of an annual cash bonus, at the rate in effect on the Termination Date. Such amount paid to Executive under this Section 5(b) shall be paid on the date annual bonuses are paid to similarly-situated executives after the Termination Date.”

Appears in 1 contract

Samples: Executive Agreement (Penn National Gaming Inc)

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Amount of Post-Employment Bonus. In addition to the Post-Employment Base Salary provided under Section 5(a) above, and subject to Section 5(e), the Company shall pay to Executive an amount equal to the product of 1.5 times the targeted amount of an annual cash bonus, at the rate in effect on the Termination Date. Such amount paid to Executive under this Section 5(b) shall be paid on the date annual bonuses are paid to similarly-situated executives after the Termination Date.

Appears in 1 contract

Samples: Executive Agreement (Penn National Gaming Inc)

Amount of Post-Employment Bonus. In addition to the Post-Employment Base Salary provided under Section 5(a4(a) above, and subject to Section 5(e4(e), the Company shall pay to Executive an amount equal to the product of 1.5 times the targeted amount of an annual cash bonus, at the rate in effect on the Termination Date. Such amount paid to Executive under this Section 5(b4(b) shall be paid on the date annual bonuses are paid to similarly-situated executives after the Termination Date.”

Appears in 1 contract

Samples: Executive Agreement (Penn National Gaming Inc)

Amount of Post-Employment Bonus. In addition to the Post-Employment Base Salary provided under Section 5(a) above, and subject to Section 5(e5(d), the Company shall pay to Executive an amount equal to the product of 1.5 times the targeted amount of an annual cash bonus, at the rate in effect average of the last two full years bonuses paid to Executive based on the Termination Dateactual performance of the Company. Such amount paid to Executive under this Section 5(b) shall be paid on the date annual bonuses are paid to similarly-situated executives after the Termination Date.

Appears in 1 contract

Samples: Executive Agreement (Penn National Gaming Inc)

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Amount of Post-Employment Bonus. In addition to the Post-Employment Base Salary provided under Section 5(a) above, and subject to Section 5(e), the Company shall pay to Executive a Post-Employment Bonus in an amount equal to the product of 1.5 times the targeted amount average of an annual cash bonus, at the rate in effect on the Termination Datelast two full years’ bonuses paid to Executive. Such The amount paid to Executive under this Section 5(b) shall be paid on the date annual bonuses are such next bonus is paid to similarly-situated executives after the Termination Date.

Appears in 1 contract

Samples: Executive Agreement (Penn National Gaming Inc)

Amount of Post-Employment Bonus. In addition to the Post-Employment Base Salary provided under Section 5(a) above, and subject Subject to Section 5(e), the Company shall pay to Executive an amount equal to the product of 1.5 times the targeted amount of an annual cash bonus, at the rate in effect average of the last two full years bonuses paid to Executive based on the Termination Dateactual performance of the Company. Such amount paid to Executive under this Section 5(b) shall be paid on the date annual bonuses are next paid to similarly-situated executives after the Termination Date.

Appears in 1 contract

Samples: Executive Agreement (Penn National Gaming Inc)

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