Common use of Partial Incentive Bonus Clause in Contracts

Partial Incentive Bonus. In the event that, prior to a Change of Control, but on or before December 31, 2000, a person or group of persons who are not shareholders of Holdings on December 31, 1999 acquires ten percent (10%) or more of the equity of Holdings on a fully diluted basis (a "Ten Percent Or Greater Acquisition"), then for each such Ten Percent Or Greater Acquisition the Employee shall receive as an Incentive Bonus a single cash payment at the closing of the Ten Percent Or Greater Acquisition transaction in an amount equal to (i) multiplied by (ii) below, where: (i) equals the amount of the Incentive Bonus which would have been payable to the Employee under Section 9.1 hereof if the Ten Percent Or