Common use of Bonus Severance Clause in Contracts

Bonus Severance. A single, lump sum payment equal to the product of (A) the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Termination occurs, multiplied by (B) a ratio where the numerator is the number of full days during the fiscal year in which the Qualifying CIC Termination occurs that the Executive was employed by the Company and the denominator is three hundred and sixty five (365), less applicable withholdings.

Bonus Severance. A single, lump sum sum, cash payment equal to the product 100% of (A) the Executive’s target annual bonus as in effect Target Bonus for the fiscal year in which the Qualifying CIC Termination occurs, multiplied by (B) a ratio where the numerator is the number of full days during the fiscal calendar year in which the Qualifying CIC Termination occurs that multiplied by a fraction, the numerator of which is the number of days the Executive was employed by during the Company calendar year in which their termination occurred and the denominator of which is three hundred and sixty five (365), less applicable withholdings.

Bonus Severance. (1) A single, lump sum sum, cash payment equal to the product 150% of (A) the Executive’s target annual bonus as in effect Target Bonus for the fiscal year in which the Qualifying CIC Termination occurs, multiplied by (B) a ratio where the numerator is the number of full days during the fiscal calendar year in which the Qualifying CIC Termination occurs that multiplied by a fraction, the numerator of which is the number of days the Executive was employed by during the Company calendar year in which his termination occurred and the denominator of which is three hundred and sixty five (365), less applicable withholdings.

Bonus Severance. A single, lump sum payment equal to the product one hundred percent (100%) of (A) the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Termination occurs, multiplied by (B) a ratio where fraction, the numerator of which is the number of full days during between (and including) the start of the fiscal year in which the Qualifying CIC Termination termination occurs that and the Executive was employed by the Company date of termination and the denominator of which is three hundred and sixty five (365), less applicable withholdings.

Bonus Severance. A single, lump sum payment payment, less applicable withholdings, equal to the product of (A) 100% of the Executive’s 's target annual bonus as in effect for the fiscal year in which the Qualifying CIC Termination occurs, multiplied by plus (B) a ratio where an additional 8.33% of the numerator is the number of full days during Executive's target bonus as in effect for the fiscal year in which the Qualifying CIC Termination occurs that for each year of employment the Executive was employed by has provided to the Company and prior to the denominator is three hundred and sixty five Qualifying CIC Termination (365with any partial years of employment rounded up to a whole year), less applicable withholdingsnot to exceed 200%.

Bonus Severance. A single, lump sum payment payment, less applicable withholdings, equal to the product of (A) 50% of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Termination occurs, multiplied by plus (B) a ratio where an additional 8.33% of the numerator is the number of full days during Executive’s target bonus as in effect for the fiscal year in which the Qualifying CIC Termination occurs that for each year of employment the Executive was employed by has provided to the Company and prior to the denominator is three hundred and sixty five Qualifying CIC Termination (365with any partial years of employment rounded up to a whole year), less applicable withholdingsnot to exceed 100%.

Bonus Severance. (1) A single, lump sum sum, cash payment equal to the product 100% of (A) the Executive’s target annual bonus as in effect Target Bonus for the fiscal calendar year in which the Qualifying Non-CIC Termination occurs, occurs multiplied by (B) a ratio where fraction, the numerator of which is the number of full days during the fiscal year in which the Qualifying CIC Termination occurs that the Executive was employed by during the Company calendar year in which his termination occurred and the denominator of which is three hundred and sixty five (365), less applicable withholdings.