Partial Bonus Sample Clauses

Partial Bonus. Partial Bonus" shall mean a bonus equal to the product of (i) Employee's most recently set Target Bonus, and (ii) a fraction, the denominator of which is 365 and the numerator of which is the number of days in the fiscal year being considered through the date of the termination of Employee's employment.
Sample 1Sample 2Sample 3See All (21)
AutoNDA by SimpleDocs
Partial Bonus. If the Definitive Agreement is terminated, on or about 45 days following the Termination Date, you will receive, in lieu of the Merger Bonus described above, a special bonus (a "Partial Bonus") equal (before withholding of applicable taxes) to 25% of the Merger Bonus you would have otherwise received had the Closing Date occurred on the Termination Date.
Sample 1Sample 2
Partial Bonus. In the event that the Board of Directors of GTE Corporation decides to terminate efforts to divest all or substantially all of the assets of Government Systems, on or about 45 days from the date of that decision (the "Termination Date"), you will receive a special bonus (a "Partial Bonus") equal, before withholding of applicable taxes, to 25% of the Transaction Completion Bonus you would have received under option B(1)(a), above, if the Transaction Completion had occurred on the Termination Date.
Sample 1Sample 2
Partial Bonus. If, and only if, the Company pays cash bonuses to one or more of its corporate officers with respect to, in whole or in part, the 1999 calendar year, the Company shall pay to Consultant an amount of cash bonus determined by the Company's Board of Director's, acting in good faith, to have been earned by Consultant, in his capacity as an executive and senior officer of the Company, for the portion of the 1999 calendar year that Consultant was employed by the Company.
Sample 1
Partial Bonus. If the sale of Iusacell is terminated (for any reason), on or about 45 days following the Termination Date, you will receive, in lieu of the Retention Bonus described above, a special bonus (a “Partial Bonus”) equal (less withholding of applicable taxes) to fifty percent (50%) of the Retention Bonus you would have otherwise received had the Closing Date occurred on the Termination Date.
Sample 1

Related to Partial Bonus

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Target Bonus For purposes of this Agreement, “Target Bonus” means the assigned bonus target for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s assigned bonus target by the highest base salary in effect during that fiscal year.

  • Retention Bonus You will be eligible for a lump sum cash payment on the first anniversary of the Acquisition Date provided that you are employed by the Company as of such date in an amount equal to the sum of (i) 100% of your annual base salary in effect as of the Acquisition Date, plus (ii) 100% of the annual bonus paid to you for the Company’s fiscal year ending December 31, 2008 (such sum, the “First Year Retention Bonus”). You will be eligible for a lump sum cash payment on the second anniversary of the Acquisition Date provided that you are employed by the Company as of such date in an amount equal to the sum of (i) 100% of your annual base salary in effect as of the Acquisition Date, plus (ii) 100% of the annual bonus paid to you for the Company’s fiscal year ending December 31, 2008 (such sum, the “Second Year Retention Bonus”). Except as set forth below, you will not be eligible for the retention bonuses as set forth above if your employment terminates prior to such applicable anniversary. In the event of your Voluntary Termination for Good Reason (as defined below), the termination of your employment by the Company other than for Justifiable Cause, or in the event of your death or “permanent disability” as defined in the Company’s long-term disability policy (i) during the first twelve month period following the Acquisition Date, you will be eligible for a pro rata portion of the First Year Retention Bonus, counting full months of employment with the Company from the Acquisition Date through such termination, and (ii) during the second twelve month period following the Acquisition Date, you will be eligible for a pro rata portion of the Second Year Retention Bonus, counting full months of employment with the Company from the first anniversary of the Acquisition Date through such termination. Any prorated payment pursuant to the preceding sentence shall be made within 10 business days of such termination. If the annual bonus payment for the Company’s fiscal year ending December 31, 2008 has not been paid to you or otherwise determined by the Company as of the date the prorated payment is due, the prorated payment shall be calculated using your target bonus amount for 2008. Payments under this Section 8 shall be net of any applicable withholding taxes. For purposes of this Section 8, “Voluntary Termination for Good Reason” shall have the same meaning as given to such term under the Key Employee Change in Control Severance Plan as in effect immediately prior to the Acquisition Date, but with respect to the First Year Retention Bonus only, determined without regard to clause (ii) thereof.”

Time is Money Join Law Insider Premium to draft better contracts faster.