Common use of Bonus Severance Clause in Contracts

Bonus Severance. A lump-sum payment equal to 100% of the Executive’s target annual bonus as in effect for the fiscal year in which the CIC Qualified Termination occurs.

Appears in 13 contracts

Samples: Change in Control and Severance Agreement (Dropbox, Inc.), Change in Control and Severance Agreement (Anaplan, Inc.), Change in Control and Severance Agreement

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Bonus Severance. A lump-single, lump sum payment equal to 100% of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Qualified Termination occurs, less applicable withholdings.

Appears in 11 contracts

Samples: Change in Control and Severance Agreement (Elastic N.V.), Change in Control and Severance Agreement (Outset Medical, Inc.), Change in Control and Severance Agreement (Outset Medical, Inc.)

Bonus Severance. A lump-single, lump sum payment payment, less applicable withholdings, equal to 100% of the Executive’s target annual bonus Target Bonus as in effect for the fiscal year in which the Qualifying CIC Qualified Termination occurs.

Appears in 8 contracts

Samples: Employment Agreement (Acutus Medical, Inc.), Employment Agreement (Acutus Medical, Inc.), Employment Agreement (Acutus Medical, Inc.)

Bonus Severance. A lump-single, lump sum payment equal to 10050% of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying Non-CIC Qualified Termination occurs, less applicable withholdings.

Appears in 7 contracts

Samples: Employment Agreement (Elastic N.V.), Change in Control and Severance Agreement (Elastic N.V.), Employment Agreement (Elastic N.V.)

Bonus Severance. A lump-single, lump sum payment equal to 100% of the Executive’s target annual bonus Target Bonus (as in effect for the fiscal year in which the Qualifying CIC Qualified Termination occursoccurs or, if higher, as in effect immediately prior to the Change in Control), which will be paid on the Initial Payment Date, subject to Section 8.

Appears in 6 contracts

Samples: Employment Agreement (Knightscope, Inc.), Employment Agreement (Knightscope, Inc.), Employment Agreement (Knightscope, Inc.)

Bonus Severance. A lump-sum payment equal to 100% of the Executive’s target annual bonus as in effect for the fiscal year in which the CIC Qualified Termination occurs.

Appears in 4 contracts

Samples: Change in Control and Severance Agreement (Anaplan, Inc.), Change of Control and Severance Agreement (Quantenna Communications Inc), Change of Control and Severance Agreement (Quantenna Communications Inc)

Bonus Severance. A lump-single, lump sum payment payment, less applicable withholdings, equal to 100% of the Executive’s 's target annual bonus as in effect for the fiscal year in which the Qualifying CIC Qualified Termination occurs.

Appears in 4 contracts

Samples: Change in Control and Severance Agreement (Silk Road Medical Inc), Change in Control and Severance Agreement (Silk Road Medical Inc), Change in Control and Severance Agreement (Silk Road Medical Inc)

Bonus Severance. A lump-sum payment equal to 100% of the Executive’s target annual bonus as in effect for the fiscal year in which the CIC COC Qualified Termination occurs.

Appears in 3 contracts

Samples: Change of Control and Severance Agreement (Block, Inc.), Change of Control and Severance Agreement (Square, Inc.), Change of Control and Severance Agreement (Square, Inc.)

Bonus Severance. A lump-single, lump sum payment equal to 100% of the Executive’s target annual bonus Target Bonus as in effect for the fiscal year in which the Qualifying CIC Qualified Termination occurs, less applicable withholdings.

Appears in 3 contracts

Samples: Employment Agreement (Elastic N.V.), Employment Agreement (Elastic N.V.), Employment Agreement (Elastic N.V.)

Bonus Severance. A lump-single, lump sum payment equal to 100150% of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Qualified Termination occurs, less applicable withholdings.

Appears in 3 contracts

Samples: Change in Control and Severance Agreement (Vizio Holding Corp.), Change in Control and Severance Agreement (Ra Medical Systems, Inc.), Change in Control and Severance Agreement (Ra Medical Systems, Inc.)

Bonus Severance. A lump-single, lump sum payment equal to one hundred percent (100% %) of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Qualified Termination occurs, less applicable withholdings.

Appears in 2 contracts

Samples: Change in Control Severance Agreement (Thorne Healthtech, Inc.), Change in Control Severance Agreement (Thorne Healthtech, Inc.)

Bonus Severance. A lump-single, lump sum payment payment, less applicable withholdings, equal to 100% of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Qualified Termination occurs.

Appears in 2 contracts

Samples: Change in Control and Severance Agreement (Silk Road Medical Inc), Change in Control and Severance Agreement (Silk Road Medical Inc)

Bonus Severance. A lump-single, lump sum payment payment, less applicable withholdings, equal to 100200% of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Qualified Termination occurs.

Appears in 2 contracts

Samples: Change in Control and Severance Agreement (Silk Road Medical Inc), Change in Control and Severance Agreement (Silk Road Medical Inc)

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Bonus Severance. A lump-sum payment equal to 100% of the greater of (x) the projected amount of Executive’s bonus for the fiscal year in which the CIC Qualified Termination occurs; or (y) Executive’s target annual bonus as in effect for the fiscal year in which the CIC Qualified Termination occurs.

Appears in 2 contracts

Samples: Change in Control and Severance Agreement (QuantumScape Corp), Change in Control and Severance Agreement (QuantumScape Corp)

Bonus Severance. A lump-single, lump sum payment equal to 100% of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying Non-CIC Qualified Termination occurs, less applicable withholdings.

Appears in 2 contracts

Samples: Change in Control and Severance Agreement (Netgear, Inc.), Change in Control and Severance Agreement (Netgear, Inc)

Bonus Severance. A lump-single, lump sum cash payment equal to 100% of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Qualified Termination occurs, less applicable withholdings.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (GoDaddy Inc.)

Bonus Severance. A lump-single, lump sum payment equal to 100% of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Qualified Termination occurs, less applicable withholdings.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Sumo Logic, Inc.)

Bonus Severance. A lump-sum payment equal to 100% of the Executive’s target annual bonus as in effect for the fiscal year in which the CIC Qualified Termination occurs, which will be paid on the first Company payroll date following the effective date of the Release (subject to any delay as may be required by Section 5(c)).

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Wageworks, Inc.)

Bonus Severance. A lump-sum payment equal to 100150% of the Executive’s target annual bonus as in effect for the fiscal year in which the CIC Qualified Termination occurs.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Anaplan, Inc.)

Bonus Severance. A lump-single, lump sum payment equal to 100% of the Executive’s target annual bonus Target Bonus (as in effect for the fiscal year in which the Qualifying CIC Qualified Termination occurs.occurs or, if higher, as in effect immediately prior to the Change in Control), which will be paid on the Initial Payment Date, subject to Section 8. ​

Appears in 1 contract

Samples: Employment Agreement (Knightscope, Inc.)

Bonus Severance. A lump-single, lump sum payment equal to 100200% of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Qualified Termination occurs, less applicable withholdings.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Outset Medical, Inc.)

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