Common use of Average Bonus Clause in Contracts

Average Bonus. Average Bonus shall mean the highest of the last three (3) bonuses paid to Executive under the Corporation’s Profit Sharing Plan immediately preceding the Change of Control; provided that (i) if Executive has been employed by the Corporation or a Subsidiary for less than three (3) years, Average Bonus shall be the highest bonus paid during that lesser period, and (ii) if Executive has been employed by the Corporation or a Subsidiary for less than one (1) year, Average Bonus shall be Executive’s total guaranteed bonus, if any, for that year.

Average Bonus. Average Bonus shall mean the highest average of the last three (3) bonuses paid to Executive under the Corporation’s Profit Sharing 's Management Incentive Compensation Plan immediately preceding the Change of Control; provided , and if the Executive is eligible to participate in the Corporation's Incentive Share Grant Plan, the Executive shall be deemed to have participated in that (i) if Executive has been employed by the Corporation or a Subsidiary plan for less than each of those three (3) years, Average Bonus whereby those bonuses shall be based on the highest bonus paid during aggregate fair market value of the shares of the Corporation's stock acquired or that lesser period, and (ii) if Executive has would have been employed by acquired irrespective of the Corporation restrictions on transfer or a Subsidiary for less than one (1) year, Average Bonus shall be Executive’s total guaranteed bonus, if any, for that yearforfeiture provisions.

Average Bonus. Average Bonus shall mean the highest of the last three (3) bonuses paid to Executive under the Corporation’s Profit Sharing Plan immediately preceding the Change of Control; provided that (i) if the Executive has been employed by the Corporation or a Subsidiary for less than three (3) years, Average Bonus shall be the highest bonus paid during that lesser period, and (ii) if Executive has been employed by the Corporation or a Subsidiary for less than one (1) year, Average Bonus shall be Executive’s total guaranteed bonus, if any, for that year.

Average Bonus. “Average Bonus Bonus” shall mean the highest average of the last three (3) bonuses paid to Executive under the Corporation’s Profit Sharing Management Incentive Compensation Plan immediately preceding the Change of Control; provided that (i) if Executive has been employed by the Corporation or a Subsidiary for less than three (3) years, Average Bonus shall be the highest bonus paid during that lesser period, and (ii) if Executive has been employed by the Corporation or a Subsidiary for less than one (1) year, Average Bonus shall be Executive’s total guaranteed bonus, if any, for that year.

Average Bonus. Average Bonus shall mean the highest of the last three (3) bonuses paid to Executive under the Corporation’s Profit Sharing Plan immediately preceding the Change of Control; provided that (i) if Executive has been employed by the Corporation or a Subsidiary for less than three (3) years, Average Bonus shall be the highest bonus paid during that lesser period, and (ii) if Executive has been employed by the Corporation or a Subsidiary for less than one (1) year, Average Bonus shall be Executive’s total guaranteed bonus, if any, bonus for that year.