ICP Bonus. Commencing on January 1, 2003 and for the balance of the period of Executive’s employment by the Company during the term hereof as an elected officer, Executive shall participate in the Company’s Incentive Compensation Plan (“ICP”), a bonus plan for elected Company officers. The Executive’s target bonus under such plan shall be at least 50% of his base salary for the relevant period; provided, however, Executive’s actual bonus will be determined in accordance with the terms of the ICP and may be less than 50% of his base salary.
ICP Bonus. Executive acknowledges and agrees that he has been paid all bonuses he is owed by Western Digital through the Termination Date. For the bonus cycle comprising the 1st Half of Fiscal Year 2011 (the period of July 1 — December 31, 2010), Executive shall receive a pro-rated bonus under the ICP in the amount of $159,897.52, less standard withholding and authorized deductions, which represents a payment equal to a pro-rata portion of Executive’s bonus opportunity under the ICP for the bonus cycle in which the Termination Date occurs, with such pro-rata portion based on the number of days in the applicable bonus cycle during which Executive was employed (153) and assuming 100% of the performance targets are met regardless of the actual funding by Western Digital. This payment shall be paid in one lump-sum payment within twenty-one (21) days following the expiration of the revocation period set forth in Section VI below.
ICP Bonus. Executive shall continue to participate in the Incentive Compensation Plan (“ICP”), a bonus plan for certain selected officers of the Company.
ICP Bonus. For the bonus cycle ending June 29, 2007, Mxxxxxxx shall receive his full bonus under the ICP, at the level actually funded by Western Digital with respect to the ICP, but in no event shall such bonus be less than 100% of the performance target. This payment shall be made at the same time payments are made to peer employees under the ICP. In addition, Mxxxxxxx shall receive a payment equal to a pro-rata portion of Mxxxxxxx’x bonus opportunity under the ICP for the bonus cycle in which the Separation Date occurs, with such pro-rata portion based on the number of days in the applicable bonus cycle during which Mxxxxxxx was employed and assuming 100% of the performance targets are met regardless of the actual funding by Western Digital. This payment shall be paid in one lump-sum payment within thirty (30) days after the Separation Date, provided that Mxxxxxxx has signed, delivered and not revoked a general release in the form attached as Exhibit A.
ICP Bonus. Commencing on the Effective Date, Executive shall participate in the Incentive Compensation Plan (“ICP”), a bonus plan for elected officers of the Company. His target bonus under this plan shall be 70%. He shall receive a pro-rata ICP bonus for the period of time from the Effective Date through December 31, 2001. This pro-rata ICP bonus shall be paid at the time that other elected officers receive their ICP bonuses in 2002.
ICP Bonus. Executive acknowledges and agrees that he has been paid all bonuses he is owed by Western Digital through the Severance Date. Assuming a Severance Date of March 25, 2017, for the bonus cycle comprising the Second Half of Fiscal Year 2017 (the period of December 31, 2016 - June 30, 2017), Executive shall receive a payment in the amount of One Hundred Sixty Thousand, Five Hundred Forty-Three Dollars ($160,543), less standard withholding and authorized deductions, which represents a payment equal to Executive’s prorated bonus opportunity under the Incentive Compensation Plan (“ICP”) for the bonus cycle for the Second Half of Fiscal Year 2017, assuming 100% of the performance targets are met regardless of the actual funding by Western Digital. In the event the Severance Date occurs earlier than March 25, 2017, the payment under this Section 2.C. shall be an amount equal to Executive’s prorated bonus opportunity under the ICP for the bonus cycle in which the Severance Date occurs, assuming 100% of the performance targets are met regardless of actual funding by Western Digital, prorated based on the number of days from the beginning of the bonus cycle through the Severance Date, as determined by Western Digital. Executive will not be entitled to additional payments under the ICP.
ICP Bonus. Western Digital acknowledges and agrees that Executive’s earned but unpaid bonus under the Company’s Incentive Compensation Plan (“ICP”) for the bonus cycle comprising the second half of fiscal 2014 shall be paid no later than August 29, 2014. Executive acknowledges and agrees that he otherwise has been paid all bonuses he is owed by Western Digital through the date hereof. For the bonus cycle comprising the first half of fiscal year 2015 (the period of June 28, 2014 - January 2, 2015), Executive shall receive a bonus under the ICP in the amount of Three Hundred and Eighty-Five Thousand Dollars ($385,000), less standard withholding and authorized deductions, which represents a payment equal to the full amount of Executive’s target bonus opportunity under the ICP for the bonus cycle in which the Termination Date occurs, with such amount based on the number of days in the applicable bonus cycle during which Executive will be employed and assuming 100% of the performance targets are met regardless of the actual funding by Western Digital. This payment shall be paid in one lump-sum payment in the month following the month in which the Termination Date occurs.
ICP Bonus. Executive shall participate in the Incentive Compensation Plan (“ICP”), a bonus plan for certain elected officers of the Company. His ICP target bonus shall be at least 50% of his base salary. His actual bonus shall be adjusted upwards or downwards depending on the Company’s performance and his performance in accordance with the terms of the ICP.
