Common use of Bonus for Year of Termination of Employment Clause in Contracts

Bonus for Year of Termination of Employment. The Company shall pay to Executive (or to his estate) a pro rata bonus for the portion of the year in which the date of termination occurs preceding the date of termination based upon an annual amount equal to 100% of Executive's then-current Base Salary.

Appears in 2 contracts

Samples: Release Agreement (Genesis Healthcare Corp), Employment Agreement (Genesis Healthcare Corp)

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Bonus for Year of Termination of Employment. The Company shall pay to Executive (or to his estate) a pro rata bonus Bonus for the portion of the year in which the date of termination occurs preceding the date of termination based upon an annual the amount equal that would have been earned based on the Company’s actual performance for the portion of the year ending on the date of termination, using performance goals that are pro-rated to 100% reflect the portion of Executive's then-current Base Salarythe year prior to the date of termination. Such payment will be made within sixty (60) days after the date of termination.

Appears in 2 contracts

Samples: Employment Agreement (Genesis Healthcare, Inc.), Employment Agreement (Genesis Healthcare, Inc.)

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Bonus for Year of Termination of Employment. The Company shall pay to Executive (or to his estate) a pro rata bonus for the portion of the year in which the date of termination occurs preceding the date of termination based upon an annual the amount equal that would have been earned based on the Company's actual performance for the portion of the year ending on the date of termination, using performance goals that are pro-rated to 100% reflect the portion of Executive's then-current Base Salarythe year prior to the date of termination (which amount will be paid as soon as practicable following the date of termination).

Appears in 1 contract

Samples: Employment Agreement (Neighborcare Inc)

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