Common use of Partial Bonus Clause in Contracts

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.

Appears in 16 contracts

Samples: Employment and Noncompetition Agreement (Service Corp International), Employment and Noncompetition Agreement (Service Corp International), Employment and Noncompetition Agreement (Service Corp International)

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Partial Bonus. Partial Bonus" shall mean a bonus equal to the product of (i) Employee's ’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 ’s employment.

Appears in 5 contracts

Samples: Employment and Noncompetition Agreement (Service Corporation International), Employment and Noncompetition Agreement (Service Corporation International), Employment Agreement (Heritage Service Corp)

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