Common use of Annual Base Salary and Target Bonus Continuation Clause in Contracts

Annual Base Salary and Target Bonus Continuation. For a period of twelve (12) months beginning in the month after the Date of Termination, the Company shall pay to the Executive on a monthly basis one-twelfth of an amount equal the sum of Executive's then-current Annual Base Salary and Target Bonus for the year in which the Date of Termination occurs. Payments under any long term cash incentive plan are not part of or included in this calculation.

Appears in 3 contracts

Samples: Termination Compensation Agreement (Rehabcare Group Inc), Termination Compensation Agreement (Rehabcare Group Inc), Termination Compensation Agreement (Rehabcare Group Inc)

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Annual Base Salary and Target Bonus Continuation. For a period of twelve (12) months beginning in the month after the Date of Termination, the Company shall pay to the Executive on a monthly basis one-twelfth of an amount equal the sum of Executive's ’s then-current Annual Base Salary and Target Bonus for the year in which the Date of Termination occurs. Payments under any long term cash incentive plan are not part of or included in this calculation.

Appears in 2 contracts

Samples: Termination Compensation Agreement (Rehabcare Group Inc), Termination Compensation Agreement (Rehabcare Group Inc)

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Annual Base Salary and Target Bonus Continuation. For a period of twelve twenty-four (1224) months beginning in the month after the Date of Termination, the Company shall pay to the Executive on a monthly basis one-twelfth of an amount equal the sum of Executive's ’s then-current Annual Base Salary and Target Bonus for the year in which the Date of Termination occurs. Payments under any long term cash incentive plan are not part of or included in this calculation.

Appears in 1 contract

Samples: Termination Compensation Agreement (Rehabcare Group Inc)

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