Common use of Bonus Amount Clause in Contracts

Bonus Amount. For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

Appears in 6 contracts

Samples: Severance Protection Agreement (Pennsylvania Electric Co), Severance Protection Agreement (Pennsylvania Electric Co), Severance Protection Agreement (NMS Communications Corp)

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Bonus Amount. For purposes of this Agreement, "Bonus ------------ Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

Appears in 5 contracts

Samples: Severance Protection Agreement (Gpu Inc /Pa/), Severance Protection Agreement (Gpu Inc /Pa/), Severance Protection Agreement (Gpu Inc /Pa/)

Bonus Amount. For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

Appears in 3 contracts

Samples: Severance Protection Agreement (LiveWire Mobile, Inc.), Severance Protection Agreement (NMS Communications Corp), Severance Protection Agreement (NMS Communications Corp)

Bonus Amount. For purposes of this Agreement, ------------ "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

Appears in 3 contracts

Samples: Severance Protection Agreement (Pennsylvania Electric Co), Severance Protection Agreement (Pennsylvania Electric Co), Severance Protection Agreement (Gpu Inc /Pa/)

Bonus Amount. For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under to the Incentive Plan Executive for any fiscal year in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

Appears in 2 contracts

Samples: Termination Protection Agreement (Radioshack Corp), Termination Protection Agreement (Radioshack Corp)

Bonus Amount. For purposes of this Agreement, "Bonus Amount" ------------ shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

Appears in 2 contracts

Samples: Severance Protection Agreement (Pennsylvania Electric Co), Severance Protection Agreement (Pennsylvania Electric Co)

Bonus Amount. For purposes of this Agreement, "Bonus Amount" shall mean the greater average of (a) the target annual bonus bonuses paid or payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three (3) full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in ControlControl (or, in each case, such lesser period for which annual bonuses were paid or payable to the Executive).

Appears in 2 contracts

Samples: Severance Protection and Non Competition Agreement (Abc Bancorp), Severance Protection and Non Competition Agreement (Abc Bancorp)

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Bonus Amount. For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year of the Corporation during which the Termination Date occurs or (b) or, if greater, the highest target annual bonus paid or payable to the Executive under the Incentive Plan in respect of any the fiscal year of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to Corporation during which the Change in ControlControl occurs.

Appears in 2 contracts

Samples: Severance Protection Agreement (General Semiconductor Inc), Severance Protection Agreement (General Semiconductor Inc)

Bonus Amount. For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b,) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

Appears in 1 contract

Samples: Severance Protection Agreement (Pawnmart Inc)

Bonus Amount. For purposes of this Agreement, "Bonus Amount" shall ------------ mean the greater average of (a) the target annual bonus bonuses paid or payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three (3) full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in ControlControl (or, in each case, such lesser period for which annual bonuses were paid or payable to the Executive).

Appears in 1 contract

Samples: Severance Protection and Non Competition Agreement (Abc Bancorp)

Bonus Amount. For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years year ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in ControlDate.

Appears in 1 contract

Samples: Severance Protection Agreement (United Meridian Corp)

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