Common use of Cash Bonus Payment Clause in Contracts

Cash Bonus Payment. Executive shall receive a payment in an amount (the "Minimum Bonus Payment") equal to fifty percent (50%) of Executive's "Target Bonus" for the year in which Executive's termination date occurs. In addition, if Executive's termination date occurs in the second half of the year (i.e., after June 30th), and all financial performance criteria established in Executive's bonus plan are achieved by the Company for the full year in which Executive's termination date occurs, then the Company will pay Executive an additional amount (the "Contingent Bonus Payment") equal to (i) a pro rata portion of Executive's Target Bonus prorated based on the number of days Executive is employed by the Company during such year, less (ii) the Minimum Bonus Payment. "Target Bonus" means the total bonus amount Executive would be entitled to receive for the entire year assuming achievement of 100% of the financial and non-financial objectives established in Executive's bonus plan (but not including any additional bonus amount payable for over achievement of objectives). The Minimum Bonus Payment shall be paid in a lump sum within five (5) business days after the conclusion of the transition period (or after the termination date if there is no transition period requested by the Company) without regard to the actual satisfaction of any performance criteria. The Contingent Bonus Payment, if any, shall be paid in a lump sum within sixty (60) days after the end of the year in which Executive's termination date occurs. Payments under this section shall be less applicable withholding.

Cash Bonus Payment. Executive shall receive a payment in an amount (the "Minimum Bonus Payment") equal to fifty percent (50%) of Executive's "Target Bonus" for the year in which Executive's termination date occurs. In addition, if Executive's termination date occurs in the second half of the year (i.e., after June 30th), and all financial performance criteria established in Executive's bonus plan are achieved by the Company for the full year in which Executive's termination date occurs, then the Company will pay Executive an additional amount (the "Contingent Bonus Payment") equal to (i) a pro rata portion of Executive's Target Bonus prorated based on the number of days Executive is employed by the Company during such year, less (ii) the Minimum Bonus Payment. "Target Bonus" means the total bonus amount Executive would be entitled to receive for the entire year assuming achievement of 100% of the financial and non-financial objectives established in Executive's bonus plan (but not including any additional bonus amount payable for over achievement of objectives). The Minimum Bonus Payment shall be paid in a lump sum within five (5) business days after the conclusion of the transition period (or after the termination date if there is no transition period requested by the Company) without regard to the actual satisfaction of any performance criteria. The Contingent Bonus Payment, if any, shall be paid in a lump sum within sixty (60) days after the end of the year in which Executive's ’s termination date occurs. Payments under this section shall be less applicable withholding.”

Cash Bonus Payment. Executive shall receive a payment in an amount (the "“Minimum Bonus Payment"”) equal to fifty percent (50%) of Executive's "’s “Target Bonus" ” for the year in which Executive's ’s termination date occurs. In addition, if Executive's ’s termination date occurs in the second half of the year (i.e., after June 30th), and all financial performance criteria established in Executive's ’s bonus plan are achieved by the Company for the full year in which Executive's ’s termination date occurs, then the Company will pay Executive an additional amount (the "“Contingent Bonus Payment"”) equal to (i) a pro rata portion of Executive's ’s Target Bonus prorated based on the number of days Executive is employed by the Company during such year, less (ii) the Minimum Bonus Payment. "“Target Bonus" ” means the total bonus amount Executive would be entitled to receive for the entire year assuming achievement of 100% of the financial and non-financial objectives established in Executive's ’s bonus plan (but not including any additional bonus amount payable for over achievement of objectives). The Minimum Bonus Payment shall be paid in a lump sum within five (5) business days after the conclusion of the transition period (or after the termination date if there is no transition period requested by the Company) without regard to the actual satisfaction of any performance criteria. The Contingent Bonus Payment, if any, shall be paid in a lump sum within sixty (60) days after the end of the year in which Executive's ’s termination date occurs. Payments under this section shall be less applicable withholding.”

Cash Bonus Payment. Executive shall receive a payment in an amount (the "“Minimum Bonus Payment"”) equal to fifty percent (50%) of Executive's "’s “Target Bonus" ” for the year in which Executive's ’s termination date occurs. In addition, if Executive's ’s termination date occurs in the second half of the year (i.e., after June 30th), and all financial performance criteria established in Executive's ’s bonus plan are achieved by the Company for the full year in which Executive's ’s termination date occurs, then the Company will pay Executive an additional amount (the "“Contingent Bonus Payment"”) equal to (i) a pro rata portion of Executive's ’s Target Bonus prorated based on the number of days Executive is employed by the Company during such year, less (ii) the Minimum Bonus Payment. "“Target Bonus" ” means the total bonus amount Executive would be entitled to receive for the entire year assuming achievement of 100% of the financial and non-financial objectives established in Executive's ’s bonus plan (but not including any additional bonus amount payable for over achievement of objectives). The Minimum Bonus Payment shall be paid in a lump sum within five (5) business days after the conclusion of the transition period (or after the termination date if there is no transition period requested by the Company) without regard to the actual satisfaction of any performance criteria. The Contingent Bonus Payment, if any, shall be paid in a lump sum within sixty (60) days after the end of the year in which Executive's ’s termination date occurs. Payments under this section shall be less applicable withholding.