Base Salary and Target Bonus. (i) The Company shall pay to the Executive an amount equal to 12 months of Base Salary, at the rate in effect as of the Termination Date, in 12 substantially equal monthly installment payments beginning with the first calendar month which begins at least 60 days after the Termination Date. Such amount shall be reduced dollar for dollar by any “bona fide disability pay” (within the meaning of Treas. Reg. § 1.409A-1(a)(5)) payable to the Executive under any disability plan maintained by the Company to the extent permitted by Section 409A of the Code. Each monthly installment shall be treated as a separate payment for purposes of Section 409A of the Code.
Base Salary and Target Bonus. The Company shall continue to pay to Employee the Adjusted Base Salary in effect as of the date on which the Notice of Termination was delivered for two (2) years following the Termination Date (but in no event less than 365 days) (such period being the "Continuation Period") which amount shall be reduced by any amount payable to Employee under any disability plan maintained by the Company for the benefit of Employee. In addition, the Employee shall be entitled to continue to participate in the Annual Bonus Plan for two (2) years following the Termination Date with the second anniversary of the Termination Date being the Expiration Date for purposes of Section 3.2.
Base Salary and Target Bonus. The Company shall continue to pay to the Executive the Base Salary in effect as of the date on which the Notice of Termination was delivered for one (1) year following the Termination Date (such period being the "Disability Continuation Period"), which amount shall be reduced by any amount payable to the Executive under any disability plan maintained by the Company for the benefit of the Executive. In addition, the Executive shall be entitled to receive a Target Bonus (i) for the year in which the Executive's employment is terminated prorated through the Termination Date equal to the highest Target Bonus that could have been earned in such year (which Target Bonus will be paid on the same schedule as Target Bonuses are paid to other senior employees of the Company) and (ii) during the Disability Continuation Period equal to the highest Target Bonus that could have been earned in the year in which the Termination Date occurred (which Target Bonus will be paid on the same schedule as Target Bonuses are paid to senior employees of the Company during the Disability Continuation Period).
Base Salary and Target Bonus. The Company shall continue to pay to Employee the Adjusted Base Salary in effect as of the date on which the Notice of Termination for the Continuation Period. In addition, the Employee shall be entitled to continue to participate in the Annual Bonus Plan for two (2) years following the Termination Date with the second anniversary of the Termination Date being the Expiration Date for purposes of Section 3.2. The amount payable to Employee under this paragraph (a) is in lieu of, and not in addition to, any severance payment due to or become due to Employee under any separate agreement or contract between Employee and the Company or pursuant to any severance payment plan, program or policy of the Company.
Base Salary and Target Bonus. The Company shall continue to pay to Employee the Base Salary in effect as of the date on which the Notice of Termination was delivered for one (1) year following the Termination Date (such period being the "Continuation Period") which amount shall be reduced by any amount payable to Employee under any disability plan maintained by the Company for the benefit of Employee. In addition, the Employee shall be entitled to continue to participate in the Annual Bonus Plan for one (1) year following the Termination Date with the first anniversary of the Termination Date being the Expiration Date for purposes of Section 3.2.
Base Salary and Target Bonus. During the Employment Period, Executive’s base salary shall be Four Hundred Twenty-Eight Thousand Dollars ($428,000.00) per annum, to be paid in accordance with the Company’s customary payroll practices. Executive’s applicable base salary as adjusted pursuant to this paragraph is referred to herein as the “Base Salary.” For purposes of this Agreement, Executive’s “Target Bonus” means the product of 50% and the Base Salary. Executive’s Base Salary will be reviewed on an annual basis by the Compensation Committee of the Board (the “Compensation Committee”) and may be adjusted, from time to time thereafter, at the discretion of the Compensation Committee.
Base Salary and Target Bonus. Executive will (a) continue to receive his current Base Salary (subject to withholding of all applicable taxes) for a period of twenty-four (24) months from the Termination Date, payable in normal payroll periods, in the same manner as it was being paid as of the Termination Date, and no less frequently than monthly and (b) receive additional cash payments from the Company (subject to withholding of all applicable taxes) in each of the twenty-four (24) months following the month in which his employment is terminated in an amount for each such month equal to one-twelfth of his target annual incentive for the year in which such termination occurs; provided, however, any payments that would otherwise be payable during the first 60 days following the Termination Date shall be accumulated without interest and paid on the 60th day following the Termination Date. For purposes hereof, Executive’s “current Base Salary” shall be the highest rate in effect during the twelve-month period prior to Executive’s termination.
Base Salary and Target Bonus. Executive will receive a lump sum payment on the 60th day following the Termination Date (subject to withholding of all applicable taxes) equal to the sum of (a) two (2) times his current Base Salary and (b) two (2) times his target annual incentive for the year in which such termination occurs. For purposes hereof, Executive’s “current Base Salary” shall be the highest rate in effect during the twelve-month period prior to Executive’s termination.
Base Salary and Target Bonus. Effective as of March 8, 2021, Executive’s base salary shall be Six Hundred Thirty Thousand Dollars ($630,000.00) per annum, to be paid in accordance with the Company’s customary payroll practices. Executive’s applicable base salary during the Employment Period, as adjusted pursuant to this paragraph is referred to here as the “Base Salary.” For purposes of this Agreement, Executive’s “Target Bonus” means the product of 100% and the Base Salary. Executive’s Base Salary will be reviewed on an annual basis by the Compensation Committee of the Board (the “Compensation Committee”) and may be adjusted, from time to time thereafter, at the discretion of the Compensation Committee. Section 3(b) of the Agreement shall be, and it hereby is, amended and restated in its entirety to read as follows:
Base Salary and Target Bonus. In consideration for the services and covenants described in this Agreement, ServiceSource agrees to pay Employee an annual base salary of Three Hundred Thousand Dollars ($300,000), paid on ServiceSource’s normal payroll dates, subject to all applicable withholdings. In addition, Employee will be eligible for a potential annual target bonus amount of up to 50% of her annual base salary, as may be adjusted from time to time. The bonus is discretionary, not guaranteed, and is also subject to applicable performance requirements as determined by the Board of Directors in its sole discretion. Except as otherwise provided in this Agreement, Employee must be employed as of the date of the scheduled bonus payment in order to be eligible for any form of bonus payment.
