Common use of Bonus Proration Clause in Contracts

Bonus Proration. A lump sum dollar amount equal to a pro rata portion (based on the number of days elapsed during the fiscal year in which the termination occurs) of Employee's targeted bonus under the Company's executive bonus plan for the fiscal year in which the termination occurs.

Appears in 4 contracts

Samples: Management Retention Agreement (Seagate Technology Malaysia Holding Co Cayman Islands), Management Retention Agreement (Seagate Technology Inc), Management Retention Agreement (Seagate Technology Malaysia Holding Co Cayman Islands)

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Bonus Proration. A lump sum dollar amount equal to a --------------- pro rata portion (based on the number of days elapsed during the fiscal year in which the termination occurs) of Employee's targeted bonus under the Company's executive bonus plan for the fiscal year in which the termination occurs.

Appears in 1 contract

Samples: Management Retention Agreement (Seagate Technology Holdings)

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Bonus Proration. A lump sum dollar amount --------------- equal to a pro rata portion (based on the number of days elapsed during the fiscal year in which the termination occurs) of Employee's targeted bonus under the Company's executive bonus plan for the fiscal year in which the termination occurs.

Appears in 1 contract

Samples: Management Retention Agreement (Seagate Technology Holdings)

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