Annual and Long Term Bonus. On the effective Date of Termination the Company shall make payments to and issue to Employee with respect to, and in place of (i) the Annual Bonus payment provided in Section 3.2 an amount in cash equal to 0.9 multiplied by Base Salary for the year in which employment is terminated and (ii) the Long Term Incentive Payout provided in Section 3.3 for the fiscal year in which employment is terminated under this Section.
Appears in 5 contracts
Samples: Employment Agreement (Allied Motion Technologies Inc), Employment Agreement (Allied Motion Technologies Inc), Employment Agreement (Allied Motion Technologies Inc)
Annual and Long Term Bonus. On the effective Date of Termination the Company shall make payments to and issue to Employee with respect to, and in place of of, (i) the Annual Bonus payment provided in Section 3.2 an amount in cash equal to 0.9 multiplied by Base Salary for the year in which employment is terminated and (ii) the Long Term Incentive Payout provided in Section 3.3 3.4 for the fiscal year in which employment is terminated under this Section.
Appears in 1 contract
Samples: Employment Agreement (Hathaway Corp)
