Common use of Bonus Amount Clause in Contracts

Bonus Amount. “Bonus Amount” shall mean the average of actual annual bonuses payable to Executive with respect to the two fiscal years immediately preceding the year which the Executive’s employment terminates (or, if Executive was an employee for less than two full fiscal years preceding such termination, Executive’s actual annual bonus for the fiscal year preceding the year of termination); provided, however, in the event Section 4(c) applies, the Bonus Amount shall be the Executive’s target bonus for the year in which the Change in Control occurs.

Appears in 3 contracts

Samples: Employment Agreement (Digitalglobe Inc), Employment Agreement (Digitalglobe Inc), Employment Agreement (Digitalglobe Inc)

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Bonus Amount. “Bonus Amount” shall mean the average of actual annual bonuses Annual Bonuses payable under Section 5 to Executive with respect to the two fiscal years immediately preceding the contract year which the Executive’s employment terminates (or, if Executive was an employee for less than two full fiscal years preceding such termination, Executive’s actual annual bonus for the fiscal year preceding the year of termination)terminates; provided, however, in the event Section 4(c11(c) applies, the Bonus Amount shall be the Executive’s target bonus Target Bonus under Section 5 for the year in which the Change in Control occurs.

Appears in 3 contracts

Samples: Executive Employment Agreement, Executive Employment Agreement (Pershing Gold Corp.), Executive Employment Agreement (Sagebrush Gold Ltd.)

Bonus Amount. “Bonus Amount” shall mean the average of actual annual bonuses payable under Section 3(b) to Executive with respect to the two fiscal years immediately preceding the year which the Executive’s employment terminates (or, if Executive was an employee for less than two full fiscal years preceding such termination, Executive’s actual annual bonus for the fiscal year preceding the year of termination)terminates; provided, however, that in the event Section 4(c) applies, applies the Bonus Amount shall be the Executive’s target bonus for the year in which the Change in Control occursTarget Bonus under Section 3(b).

Appears in 1 contract

Samples: Employment Agreement (Digitalglobe, Inc.)

Bonus Amount. “Bonus Amount” shall mean the annual average of actual annual bonuses payable the cash bonus paid to the Executive or due to Executive with respect to as Accrued Compensation under subsection 2(a)(v) (including in all cases amounts that would have been paid if they had not been deferred) under the Company’s annual incentive bonus plan for the two fiscal years immediately preceding the year in which the Executive’s employment terminates (or, if Executive was an employee for less than two full fiscal years preceding such termination, terminates. If the Executive’s actual annual bonus employment is terminated prior to the payment of the 2003 and 2004 calendar year bonuses, “Bonus Amount” shall mean 100% of the Executive’s Target Bonus for the fiscal year preceding the such year of termination); provided, however, in the event Section 4(c) applies, the Bonus Amount shall be the Executive’s target bonus for the year in which the Change in Control occurs.

Appears in 1 contract

Samples: Employment Agreement (Equity Residential)

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Bonus Amount. “Bonus Amount” shall mean the average of actual annual bonuses payable under Section 3(b) to Executive with respect to the two fiscal years immediately preceding the year which the Executive’s employment terminates (or, if Executive was an employee for less than two full fiscal years preceding such termination, Executive’s actual annual bonus for the fiscal year preceding the year of termination)terminates; provided, however, in the event Section 4(c) applies, the Bonus Amount shall be the Executive’s target bonus Bonus under Section 3(b) for the year in which the Change in Control occurs.

Appears in 1 contract

Samples: Employment Agreement (Digitalglobe Inc)

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