Current Compensation. Current Compensation" shall mean an amount equal to the greater of (i) the Employee's base salary and bonus earned in the fiscal year immediately preceding the current fiscal year; or (ii) the Employee's annual base salary for, and any bonus earned at any time during, the current fiscal year. (C)
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Dh Technology Inc), Agreement and Plan of Merger (Ax Acquisition Corp), Employment Agreement (Dh Technology Inc)
Current Compensation. Current Compensation" shall mean an amount equal to the greater of (i) the Employee's base salary and bonus Base Compensation earned in the fiscal year immediately preceding the current fiscal yearyear of Employee's termination; or (ii) the Employee's annual base salary forBase Compensation for the fiscal year of Employee's termination, and including 100% of any bonus which the Employee could have earned at any time during, the current during such fiscal year. (C), assuming the achievement of all relevant Employee and Company goals, milestones and performance criteria.
Appears in 2 contracts
Samples: Ceo Continuity Agreement (Arthrocare Corp), Vp Continuity Agreement (Arthrocare Corp)
Current Compensation. Current Compensation" shall mean an amount equal to the greater of (i) the sum of the Employee's highest annual rate of base salary and bonus earned in effect during the fiscal year immediately preceding the current in which a Change of Control occurs plus Employee's target bonus for such fiscal yearyear assuming 100% individual and Company performance; or (ii) the sum of the Employee's highest annual rate of base salary for, in effect during the fiscal year of Employee's termination plus Employee's target bonus for such fiscal year assuming 100% individual and any bonus earned at any time during, the current fiscal year. (C)Company performance.
Appears in 1 contract
