Common use of Partial Target Bonus Clause in Contracts

Partial Target Bonus. Executive shall be entitled to receive 50% of Executive’s annual target bonus for the year in which the Termination Date occurs. The partial bonus will be payable in a cash lump sum, less applicable withholdings, on the first payroll date following the date the Release of Claims becomes effective and irrevocable.

Partial Target Bonus. Executive shall be entitled to receive the greater of (i) 50% of Executive’s annual target bonus for the year in which the Termination Date occurs, or (ii) Executive’s annual target bonus for the year in which the Termination Date occurs, prorated based on the number of days in such year during which Executive was employed by the Company. The partial Such bonus will be payable in a cash lump sum, less applicable withholdings, on the first payroll date following the date the Release of Claims becomes effective and irrevocable.