Common use of Full Incentive Bonus Clause in Contracts

Full Incentive Bonus. Subject to Section 9.3 hereof, in the event of a Change of Control on or before December 31, 2000, the Employee shall receive as an Incentive Bonus a single sum cash payment at the closing of the Change of Control transaction in the amount hereinafter described: (i) if the "Enterprise Value," as hereinafter defined, shall be less than or equal to Eight Hundred Million Dollars ($800,000,000.00), the Incentive Bonus shall be equal to the sum of one year's Base Salary plus one year's Target Bonus; (ii) if the Enterprise Value shall be in excess of Eight Hundred Million Dollars ($800,000,000.00), but less than One Billion Dollars ($1,000,000,000.00), the Incentive Bonus shall increase linearly from the sum of one year's Base Salary plus one year's Target Bonus at the Eight Hundred Million Dollar ($800,000,000.00) level to four (4) times the sum of one year's Base Salary plus one year's Target Bonus at the One Billion Dollar ($1,000,000,000.00) level; and (iii) if the Enterprise Value shall be in excess of One Billion Dollars ($1,000,000,000.00), the Incentive Bonus shall be equal to the sum of (A) plus (B) below, where: (A) equals four (4) times the sum of one year's Base Salary plus one year's Target Bonus; and (B) equals an amount equal to the portion of the Enterprise Value in excess of One Billion Dollars ($1,000,000,000.00) times a fraction, the numerator of which is the amount determined under Section 9.1(iii)(A) above and the denominator of which is One Billion Dollars ($1,000,000,000.00). For purposes of calculating the amount of the Incentive Bonus, the Enterprise Value shall be deemed to be equal to the "Enterprise Value" of the Company and the Affiliates, in the aggregate, as the words "Enterprise Value" are used to determine the payments to be made to the Company's financial advisors.

Full Incentive Bonus. Subject to Section 9.3 hereof, in the event of a Change of Control on or before December 31, 2000, the Employee shall receive as an Incentive Bonus a single sum cash payment at the closing of the Change of Control transaction in the amount hereinafter described: (i) if the "Enterprise Value," as hereinafter defined, shall be less than or equal to Eight Hundred Million Dollars ($800,000,000.00), the Incentive Bonus shall be equal to the sum of one year's Base Salary plus one year's Target Bonus; (ii) if the Enterprise Value shall be in excess of Eight Hundred Million Dollars ($800,000,000.00), but less than One Billion Dollars ($1,000,000,000.00), the Incentive Bonus shall increase linearly from the sum of one year's Base Salary plus one year's Target Bonus at the Eight Hundred Million Dollar ($800,000,000.00) level to four (4) times the sum of one year's Base Salary plus one year's Target Bonus at the One Billion Dollar ($1,000,000,000.00) level; and (iii) if the Enterprise Value shall be in excess of One Billion Dollars ($1,000,000,000.00), the Incentive Bonus shall be equal to the sum of (A) plus (B) below, where: (A) equals four (4) times the sum of one year's Base Salary plus one year's Target Bonus; and (B) equals an amount equal to the portion of the Enterprise Value in excess of One Billion Dollars ($1,000,000,000.001,000,000,00 0.00) times a fraction, the numerator of which is the amount determined under Section 9.1(iii)(A) above and the denominator of which is One Billion Dollars ($1,000,000,000.00). For purposes of calculating the amount of the Incentive Bonus, the Enterprise Value shall be deemed to be equal to the "Enterprise Value" of the Company and the Affiliates, in the aggregate, as the words "Enterprise Value" are used to determine the payments to be made to the Company's financial advisors.