Common use of Cash Bonus Clause in Contracts

Cash Bonus. Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

Appears in 8 contracts

Samples: Employment Agreement (BM Technologies, Inc.), Employment Agreement (BM Technologies, Inc.), Employment Agreement (BM Technologies, Inc.)

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Cash Bonus. Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and;

Appears in 8 contracts

Samples: Employment Agreement (BM Technologies, Inc.), Employment Agreement (BM Technologies, Inc.), Employment Agreement (BM Technologies, Inc.)

Cash Bonus. Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s 's termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and;

Appears in 5 contracts

Samples: Employment Agreement (Customers Bancorp, Inc.), Employment Agreement (Customers Bancorp, Inc.), Employment Agreement (Customers Bancorp, Inc.)

Cash Bonus. Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s 's termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

Appears in 5 contracts

Samples: Employment Agreement (Customers Bancorp, Inc.), Employment Agreement (Customers Bancorp, Inc.), Employment Agreement (Customers Bancorp, Inc.)

Cash Bonus. Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company Bank within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

Appears in 5 contracts

Samples: Employment Agreement (Customers Bancorp, Inc.), Employment Agreement (Customers Bancorp, Inc.), Employment Agreement (Customers Bancorp, Inc.)

Cash Bonus. Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company Bank within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and;

Appears in 5 contracts

Samples: Employment Agreement (Customers Bancorp, Inc.), Employment Agreement (Customers Bancorp, Inc.), Employment Agreement (Customers Bancorp, Inc.)

Cash Bonus. Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company Bank within which Executive’s 's termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and

Appears in 2 contracts

Samples: Employment Agreement (Customers Bancorp, Inc.), Employment Agreement (Customers 1st Bancorp, Inc.)

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Cash Bonus. Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he she remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his her termination of employment and the denominator of which is three hundred and sixty-five (365); and;

Appears in 2 contracts

Samples: Employment Agreement (BM Technologies, Inc.), Employment Agreement (Customers Bancorp, Inc.)

Cash Bonus. Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company Bank within which Executive’s 's termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365); and;

Appears in 2 contracts

Samples: Employment Agreement (Customers Bancorp, Inc.), Employment Agreement (Customers 1st Bancorp, Inc.)

Cash Bonus. Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he she remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his her termination of employment and the denominator of which is three hundred and sixty-five (365); and

Appears in 2 contracts

Samples: Employment Agreement (BM Technologies, Inc.), Employment Agreement (Customers Bancorp, Inc.)

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