Common use of Payment of Bonus Compensation Clause in Contracts

Payment of Bonus Compensation. Executive's Bonus Compensation (which term as used herein includes both the Plan Bonus and the Business Segment Bonus, if any) shall be paid in accordance with ss.5 of the Bonus Plan. With respect to any Fiscal Year which falls in part but not in whole within the Term of Employment, the pro rata portion of the Bonus Compensation to which Executive is entitled under this ss.3(b) shall be determined in accordance with ss.3(c) of the Bonus Plan.

Appears in 8 contracts

Samples: Employment Agreement (Pall Corp), Employment Agreement (Pall Corp), Employment Agreement (Pall Corp)

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