Common use of Bonus Severance Clause in Contracts

Bonus Severance. A 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 Termination occurs, less applicable withholdings.

Appears in 2 contracts

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

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Bonus Severance. A single, lump sum payment payment, less applicable withholdings, equal to one hundred percent (100%) 200% of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Termination occurs, less applicable withholdings.

Appears in 2 contracts

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

Bonus Severance. A single, lump sum payment (less applicable withholdings) equal to one hundred percent (100[[CEO: 200%][Tier 2: 150%) ] of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Termination occursoccurs or as in effect immediately prior to the Change in Control, less applicable withholdings.whichever is greater.1

Appears in 2 contracts

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

Bonus Severance. A single, lump sum payment (less applicable withholdings) equal to one hundred percent (100%) % of the Executive’s target annual bonus [bonus/commission opportunity at 100% of quota] as in effect for the fiscal year in which the Qualifying CIC Termination occursoccurs or as in effect immediately prior to the Change in Control, less applicable withholdingswhichever is greater.

Appears in 1 contract

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

Bonus Severance. A single, lump sum payment (less applicable withholdings) equal to one hundred percent (100%) 200% of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Termination occursoccurs or as in effect immediately prior to the Change in Control, less applicable withholdingswhichever is greater.

Appears in 1 contract

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

Bonus Severance. A 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 Termination occurs, less applicable withholdings.

Appears in 1 contract

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

Bonus Severance. A single, lump sum payment equal to one hundred percent (100[Tier 1: 150%][Tier 2: 100%][Tier 3: 50%) ] of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Termination occurs, less applicable withholdings.

Appears in 1 contract

Samples: Change in Control and Severance Agreement (Vizio Holding Corp.)

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

Appears in 1 contract

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

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Bonus Severance. A single, lump sum cash 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 Termination occursoccurs (disregarding any reduction(s) in target that would constitute Good Reason), less applicable withholdings.

Appears in 1 contract

Samples: Release Agreement (GoDaddy Inc.)

Bonus Severance. A single, lump sum payment equal to one hundred percent (100[[CEO: 150%][Tier 2: 100%][Tier 3: 75%) ]] of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Termination occurs, less applicable withholdings.

Appears in 1 contract

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

Bonus Severance. A single, lump sum payment equal to one hundred percent ([[CEO: 150%][Tier 2: 100%) ] of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Termination occurs, less applicable withholdings.

Appears in 1 contract

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

Bonus Severance. A single, lump sum payment equal to [one hundred fifty percent (150%) / one hundred percent (100%) )] of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Termination occurs, less applicable withholdings.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Codex DNA, Inc.)

Bonus Severance. A 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 Termination occurs, less applicable withholdings.

Appears in 1 contract

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

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