Payment of Bonus Compensation. (i) The Bonus for any Company fiscal year under this Agreement shall be paid by March 15th of the following year. (ii) Except as otherwise expressly provided in this Agreement, your Bonus shall be prorated (A) to apply only to that part of the Company’s fiscal year which falls within the Contract Period and (B) to the extent the Company's fiscal year is less than a 12-month fiscal year (a “Pro-Rated Bonus”). Following expiration of the Contract Period, you shall receive a Pro-Rated Bonus for the period of the Company’s fiscal year which falls within the Contract Period only (A) in the event that the Company terminates your employment without Cause prior to the date on which employees of the Company become entitled to Bonus under the STIP, (B) as provided in paragraph 11(c)(ii) or (C) as provided in the STIP. (iii) Any Bonus or Pro-Rated Bonus payable pursuant to paragraphs 11, 13 or 14 shall be paid at the lesser of (X) your Target Bonus amount or (Y) your Target Bonus amount, adjusted based on the Company Performance Factor for the relevant year.
Appears in 4 contracts
Samples: Employment Agreement (Paramount Global), Employment Agreement (Viacom Inc.), Employment Agreement (Viacom Inc.)
Payment of Bonus Compensation. (i) The Bonus for any Company fiscal year under this Agreement shall be paid by March 15th of the following year.
(ii) Except as otherwise expressly provided in this Agreement, your Bonus shall be prorated (A) to apply only to that part of the Company’s fiscal year which falls within the Contract Period and (B) to the extent the Company's ’s fiscal year is less than a 12-month fiscal year (a “Pro-Rated Bonus”). Following expiration of the Contract Period, you shall receive a Pro-Rated Bonus for the period of the Company’s fiscal year which falls within the Contract Period only (A) in the event that the Company terminates your employment without Cause prior to the date on which employees of the Company become entitled to Bonus under the STIP, (B) as provided in paragraph 11(c)(ii) or (C) as provided in the STIP.
(iii) Any Bonus or Pro-Rated Bonus payable pursuant to paragraphs 11, 13 or 14 shall be paid at the lesser of (X) your Target Bonus amount or (Y) your Target Bonus amount, adjusted based on the Company Performance Factor for the relevant year.
Appears in 3 contracts
Samples: Employment Agreement (CBS Corp), Employment Agreement, Employment Agreement (Viacom Inc.)
Payment of Bonus Compensation. (i) The Bonus for any Company fiscal year under this Agreement shall be paid by March 15th of the following fiscal year.
(ii) Except as otherwise expressly provided in this Agreement, your Bonus shall be prorated (A) to apply only to that part of the Company’s fiscal year which falls within the Contract Period and (B) to the extent the Company's fiscal year is less than a 12-month fiscal year (a “Pro-Rated Bonus”). Following expiration of the Contract Period, you shall receive a Pro-Rated Bonus for the period of the Company’s fiscal year which falls within the Contract Period only (A) in the event that the Company terminates your employment without Cause prior to the date on which employees of the Company become entitled to Bonus under the STIP, (B) as provided in paragraph 11(c)(ii) or (C) as provided in the STIP.
(iii) Any Bonus or Pro-Rated Bonus payable pursuant to paragraphs 11, 13 or 14 shall be paid at the lesser of (X) your Target Bonus amount or (Y) your Target Bonus amount, adjusted based on the Company Performance Factor for the relevant year.
Appears in 3 contracts
Samples: Employment Agreement, Employment Agreement (Viacom Inc.), Employment Agreement (Viacom Inc.)
Payment of Bonus Compensation. (i) The Bonus for any Company fiscal year under this Agreement shall be paid by March 15th of the following year.
(ii) Except as otherwise expressly provided in this Agreement, your Bonus shall be prorated (Ax) to apply only to that part of the Company’s fiscal year which falls within the Contract Period and (By) to the extent the Company's fiscal year is less than a 12-month fiscal year (a “Pro-Rated Bonus”). Following expiration of the Contract Period, you shall receive a Pro-Rated Bonus for the period of the Company’s fiscal year which falls within the Contract Period only (Ax) in the event that the Company terminates your employment without Cause prior to the date on which employees of the Company become entitled to Bonus under the STIP, (By) as provided in paragraph 11(c)(ii) or (Cz) as provided in the STIP.
(iii) Any Bonus or Pro-Rated Bonus payable pursuant to paragraphs 11, 13 or 14 shall be paid at the lesser of (Xx) your Target Bonus amount or (Yy) your Target Bonus amount, adjusted based on the Company Performance Factor for the relevant year.
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Payment of Bonus Compensation. (i) The Bonus for any Company fiscal year under this Agreement shall be paid by March 15th of the following year.
(ii) Except as otherwise expressly provided in this Agreement, your Bonus shall be prorated (A) to apply only to that part of the Company’s fiscal year which falls within the Contract Period and (B) to the extent the Company's fiscal year is less than a 12-month fiscal year (a “Pro-Rated Bonus”"). Following expiration of the Contract Period, you shall receive a Pro-Rated Bonus for the period of the Ms. Xxxxx Xxxxxxxx As of December 2, 2019 Company’s fiscal year which falls within the Contract Period only (A) in the event that the Company terminates your employment without Cause prior to the date on which employees of the Company become entitled to Bonus under the STIP, (B) as provided in paragraph 11(c)(ii) or (C) as provided in the STIP.
(iii) Any Bonus or Pro-Rated Bonus payable pursuant to paragraphs 11, 13 or 14 shall be paid at the lesser of (X) your Target Bonus amount or (Y) your Target Bonus amount, adjusted based on the Company Performance Factor for the relevant year.
Appears in 1 contract
Payment of Bonus Compensation. (i) The Bonus for any Company fiscal year under this Agreement shall be paid by March 15th of the following year.
(ii) Except as otherwise expressly provided in this Agreement, your Bonus shall be prorated (A) to apply only to that part of the Company’s fiscal year which falls within the Contract Period and (B) to the extent the Company's ’s fiscal year is less than a 12-month twelve (12)-month fiscal year (a “Pro-Rated Bonus”). Following expiration of the Contract Period, you shall receive a Pro-Rated Bonus for the period of the Company’s fiscal year which falls within the Contract Period only (Ax) in the event that the Company terminates your employment without Cause prior to the date on which employees of the Company become entitled to Bonus under the STIP, (By) as provided in paragraph 11(c)(ii) or (Cz) as provided in the STIP.
(iii) Any Bonus or Pro-Rated Bonus payable pursuant to paragraphs paragraph 11, 13 or 14 shall be paid at the lesser of (XA) your Target Bonus amount or (YB) your Target Bonus amount, adjusted based on the Company Performance Factor for the relevant year.
Appears in 1 contract
Samples: Employment Agreement (CBS Corp)
Payment of Bonus Compensation. (i) The Bonus for any Company fiscal year under this Agreement shall be paid by March 15th of the following year.
(ii) Except as otherwise expressly provided in this Agreement, your Bonus shall be prorated (A) to apply only to that part of the Company’s fiscal year which falls within the Contract Period and (B) to the extent the Company's ’s fiscal year is less than a 12-month fiscal year (a “Pro-Rated Bonus”). Following expiration of the Contract Period, you shall receive a Pro-Rated Bonus for the period of the Company’s fiscal year which falls within the Contract Period only (A) in the event that the Company terminates your employment without Cause prior to the XxXx Xxx As of October 2, 2019 date on which employees of the Company become entitled to Bonus under the STIP, (B) as provided in paragraph 11(c)(ii) or (C) as provided in the STIP.
(iii) Any Bonus or Pro-Rated Bonus payable pursuant to paragraphs 11, 13 or 14 shall be paid at the lesser of (XA) your Target Bonus amount or (YB) your Target Bonus amount, adjusted based on the Company Performance Factor for the relevant year.
Appears in 1 contract
Samples: Employment Agreement (CBS Corp)
Payment of Bonus Compensation. (i) The Bonus for any Company fiscal year under this Agreement shall be paid by March 15th of the following year.
(ii) Except as otherwise expressly provided in this Agreement, your Bonus shall be prorated (A) to apply only to that part of the Company’s fiscal year which falls within the Contract Period and (B) to the extent the Company's fiscal year is less than a 12-month fiscal year (a “Pro-Rated Bonus”). Following expiration of the Contract Period, you shall receive a Pro-Rated Bonus for the period of the Company’s fiscal year which falls within the Contract Period only (A) in the event that the Company terminates your employment without Cause prior to the date on which employees of the Company become entitled to Bonus under the STIP, (B) as provided in paragraph 11(c)(ii) or (C) as provided in the STIP.. Xxxxxxx X’Xxxxxxxx March 9, 2017
(iii) Any Bonus or Pro-Rated Bonus payable pursuant to paragraphs 11, 13 or 14 shall be paid at the lesser of (X) your Target Bonus amount or (Y) your Target Bonus amount, adjusted based on the Company Performance Factor for the relevant year.
Appears in 1 contract
Samples: Employment Agreement (Viacom Inc.)
Payment of Bonus Compensation. (i) The Bonus for any Company fiscal year under this Agreement shall be paid by March 15th of the following year.
(ii) Except as otherwise expressly provided in this Agreement, your Bonus shall be prorated (A) to apply only to that part of the Company’s fiscal year which falls within the Contract Period and (B) to the extent the Company's fiscal year is less than a 12-month fiscal year (a “Pro-Rated Bonus”). Following expiration of the Contract Period, you shall receive a Pro-Rated Bonus for the period of the Company’s fiscal year which falls within the Contract Period only (A) in the event that the Company terminates your employment without Cause prior to the Mr. Xxxxx Xxxxx October 1, 2014 date on which employees of the Company become entitled to Bonus under the STIP, (B) as provided in paragraph 11(c)(ii) or (C) as provided in the STIP.
(iii) Any Bonus or Pro-Rated Bonus payable pursuant to paragraphs 11, 13 or 14 shall be paid at the lesser of (X) your Target Bonus amount or (Y) your Target Bonus amount, adjusted based on the Company Performance Factor for the relevant year.
Appears in 1 contract
Samples: Employment Agreement (Viacom Inc.)
Payment of Bonus Compensation. (i) The Bonus for any Company fiscal year under this Agreement shall be paid by March 15th of the following year.
(ii) Except as otherwise expressly provided in this Agreement, your Bonus shall be prorated (Ax) to apply only to that part of the Company’s fiscal year which falls within the Contract Period and (By) to the extent the Company's fiscal year is less than a 12-month fiscal year (a “Pro-Rated Bonus”). Following expiration of the Contract Period, you shall receive a Pro-Rated Bonus for the period of the Company’s fiscal year which falls within the Contract Period only (Ax) in the event that the Company terminates your employment without Cause prior to the date on which employees of the Company become entitled to Bonus under the STIP, (By) as provided in paragraph 11(c)(ii11(b)(ii) or (Cz) as provided in the STIP.
(iii) Any Bonus or Pro-Rated Bonus payable pursuant to paragraphs 11, 13 or 14 shall be paid at the lesser of (Xx) your Target Bonus amount or (Yy) your Target Bonus amount, adjusted based on the Company Performance Factor for the relevant year.
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Payment of Bonus Compensation. (i) The Bonus for any Company fiscal year under this Agreement shall be paid by March 15th of the following year.
(ii) Except as otherwise expressly provided in this Agreement, your Bonus shall be prorated (A) to apply only to that part of the Company’s fiscal year which falls within the Contract Period and (B) to the extent the Company's fiscal year is less than a 12-month fiscal year (a “Pro-Rated Bonus”). Following expiration of the Contract Period, you shall receive a Pro-Rated Bonus for the period of the Xx. Xxxxxxx Xxx As of April 11, 2022 Company’s fiscal year which falls within the Contract Period only (A) in the event that the Company terminates your employment without Cause prior to the date on which employees of the Company become entitled to Bonus under the STIP, (B) as provided in paragraph 11(c)(ii) or (C) as provided in the STIP.
(iii) Any Bonus or Pro-Rated Bonus payable pursuant to paragraphs 11, 13 or 14 shall be paid at the lesser of (X) your Target Bonus amount or (Y) your Target Bonus amount, adjusted based on the Company Performance Factor for the relevant year.
Appears in 1 contract
Payment of Bonus Compensation. (i) The Bonus for any Company fiscal year under this Agreement shall be paid by March 15th of the following year.
(ii) Except as otherwise expressly provided in this Agreement, your Bonus shall be prorated (A) to apply only to that part of the Company’s fiscal year which falls within the Contract Period and (B) to the extent the Company's fiscal year is less than a 12-month twelve (12)-month fiscal year (a “Pro-Rated Bonus”). Following expiration of the Contract Period, you shall receive a Pro-Rated Bonus for the period of the Company’s fiscal year which falls within the Contract Period only (Ax) in the event that the Company terminates your employment without Cause prior to the date on which employees of the Company become entitled to Bonus under the STIP, (By) as provided in paragraph 11(c)(ii) or (Cz) as provided in the STIP.
(iii) Any Bonus or Pro-Rated Bonus payable pursuant to paragraphs paragraph 11, 13 or 14 shall be paid at the lesser of (XA) your Target Bonus amount or (YB) your Target Bonus amount, adjusted based on the Company Performance Factor for the relevant year.
Appears in 1 contract