Common use of Exclusion from Computation of Bonus Clause in Contracts

Exclusion from Computation of Bonus. The bonus paid to the Executive under the Company's Success Bonus Plan upon payment by the Buyer for shares of Company common stock pursuant to the Offer will not be included in computing the average bonus for severance purposes under Section 6(d)(iii) of the Employment Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Dixon Ticonderoga Co), Employment Agreement (Dixon Ticonderoga Co), Employment Agreement (Dixon Ticonderoga Co)

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