Common use of Bonus Award Clause in Contracts

Bonus Award. The Company shall pay the Executive a cash Bonus for each Plan Year until the Executive's death unless this Agreement is terminated. The amount of the bonus shall be equal to the Executive's economic benefit under a separate Split Dollar Agreement dated November 13, 2000, between the Executive and the Company, divided by one minus the Company's combined marginal income tax rate for the calendar year immediately preceding such payment. The Company shall pay such Bonus award prior to December 31 of each year.

Bonus Award. The Company shall pay the Executive a cash Bonus for each Plan Year until the Executive's death unless this Agreement is terminated. The amount of the bonus shall be equal to the Executive's economic benefit under a separate Split Dollar Agreement dated November 13January 1, 20002001, between the Executive and the Company, divided by one minus the Company's combined marginal income tax rate for the calendar year immediately preceding such payment. The Company shall pay such Bonus award prior to December 31 of each year.

Bonus Award. The Company shall pay to the Executive a cash Bonus Award for each Plan Year until the Executive's death unless this Agreement is terminateddeath. The amount of the bonus Bonus Award shall be equal to the Executive's economic benefit under a separate Section 2.2(a) or (b) of the Split Dollar Agreement dated November 13, 2000, between the Executive and the CompanyAgreement, divided by one minus the Company's combined marginal income tax rate for the calendar year immediately preceding set at forty-two percent (42%). The Executive shall have no right to determine or influence such paymentBonus Award. The Company shall pay such the Bonus award Award prior to December 31 of each year.