Common use of Current Compensation Clause in Contracts

Current Compensation. The Company shall pay to the Executive in a lump sum in cash within 30 days after the Date of Termination the sum of: (1) the Executive’s annual base salary as in effect immediately prior to the CIC Date (“Base Salary”) through the Date of Termination to the extent not theretofore paid, (2) the product of (x) the Executive’s target annual bonus under the Company’s short-term incentive bonus plan for the year in which the Date of Termination occurs (the “Target Bonus”) and (y) a fraction, the numerator of which is the number of days in the current fiscal year of the Division through the Date of Termination, and the denominator of which is 365, and (3) any accrued vacation pay to the extent not theretofore paid (the sum of the amounts described in clauses (1) and (2) immediately above and this clause (3) shall be hereinafter referred to as the “Accrued Obligations”).

Current Compensation. The Company shall pay to the Executive in a lump sum in cash within 30 days after the Date of Termination the sum of: (1) the Executive’s 's annual base salary as in effect immediately prior to the CIC Date (“"Base Salary”") through the Date of Termination to the extent not theretofore paid, (2) the product of (x) the Executive’s 's target annual bonus under the Company’s Division's short-term incentive bonus plan for the year in which the Date of Termination occurs (the “"Target Bonus”") and (y) a fraction, the numerator of which is the number of days in the current fiscal year of the Division through the Date of Termination, and the denominator of which is 365, and (3) any accrued vacation pay to the extent not theretofore paid (the sum of the amounts described in clauses (1) and (2) immediately above and this clause (3) shall be hereinafter referred to as the “"Accrued Obligations”").

Current Compensation. The Company shall pay to the Executive in a lump sum in cash within 30 days after the Date of Termination the sum of: (1) the Executive’s 's annual base salary as in effect immediately prior to the CIC Date (“"Base Salary”") through the Date of Termination to the extent not theretofore paid, (2) the product of (x) the Executive’s 's target annual bonus under the Company’s 's short-term incentive bonus plan for the year in which the Date of Termination occurs (the “"Target Bonus”") and (y) a fraction, the numerator of which is the number of days in the current fiscal year of the Division through the Date of Termination, and the denominator of which is 365, and (3) any accrued vacation pay to the extent not theretofore paid (the sum of the amounts described in clauses (1) and (2) immediately above and this clause (3) shall be hereinafter referred to as the “"Accrued Obligations”").

Current Compensation. The Company shall pay to the Executive in a lump sum in cash within 30 days after the Date of Termination the sum of: (1) the Executive’s annual base salary as in effect immediately prior to the CIC Date (“Base Salary”) through the Date of Termination to the extent not theretofore paid, (2) the product of (x) the Executive’s target annual bonus under the Company’s short-term incentive bonus plan for the year in which the Date of Termination occurs (the “Target Bonus”) and (y) a fraction, the numerator of which is the number of days in the current fiscal year of the Division Company through the Date of Termination, and the denominator of which is 365, and (3) any accrued vacation pay to the extent not theretofore paid (the sum of the amounts described in clauses (1) and (2) immediately above and this clause (3) shall be hereinafter referred to as the “Accrued Obligations”).