Common use of Bonus Amount Clause in Contracts

Bonus Amount. For purposes of this Agreement, "Bonus Amount" shall mean the annual average of the cash and fair market value (when paid or awarded and calculated without regard to any vesting requirement) of stock or other property paid to the Executive (including amounts that would have been paid if they had not been deferred) under the Company's annual incentive bonus plan for the three years immediately preceding the year in which the Executive's employment terminates (disregarding for these purposes any year during such 3 year period that Executive did not work a full year), or for such shorter period that the Executive has been employed by the Company. If the Executive's employment is terminated in the Executive's first year of employment, "Bonus Amount" shall mean 100% of the target bonus that the Executive would have been eligible to receive for such year.

Bonus Amount. For purposes of this Agreement, "“Bonus Amount" ” shall mean the annual average of the cash and fair market value (when paid or awarded and calculated without regard to any vesting requirement) of stock or other property paid to the Executive (including amounts that would have been paid if they had not been deferred) under the Company's ’s annual incentive bonus plan for the three years immediately preceding the year in which the Executive's ’s employment terminates (disregarding for these purposes any year during such 3 year period that Executive did not work a full year), or for such shorter period that the Executive has been employed by the Company. If the Executive's ’s employment is terminated in the Executive's ’s first year of employment, "“Bonus Amount" ” shall mean 100% of the target bonus that the Executive would have been eligible to receive for such year.