Common use of Partial Year Bonus Clause in Contracts

Partial Year Bonus. For purposes of this Agreement, “Partial Year Bonus” shall mean an amount equal to the product of (a) the Executive’s Full-Year Target Annual Cash Incentive for the fiscal year in which the Executive’s employment terminates and (b) a fraction, the numerator of which is the number of days in the current fiscal year through the Executive’s Termination Date, and the denominator of which is 365.

Partial Year Bonus. For purposes of this Agreement, “a Partial Year Bonus” shall mean Bonus is an amount equal to the product of (a) the Executive’s Full-Year Target target Annual Cash Incentive compensation that would have become payable to Executive for the fiscal that year in which the Executive’s employment terminates and (b) multiplied by a fraction, fraction the numerator of which is the number of days Executive was employed in the current fiscal year through the Executive’s Termination Date, of termination and the denominator of which is 365the total number of days in the year of termination.