Common use of Payment of Bonus Clause in Contracts

Payment of Bonus. If Manager qualifies to receive a cash award pursuant to this Agreement, two-thirds of the Award Payable (defined in Section 2(c) below) will be paid to Manager on March 1, 2001, and one third of the Award Payable will be paid to Manager on March 1, 2003. Payments under this Agreement will be made by Employer, unless Manager has transferred to a position with the Company or another subsidiary of the Company prior to the payment date, in which case the Award Payable will be prorated among the employers of Manager during the Performance Period on the basis of months worked for each affected employer.

Payment of Bonus. If Manager qualifies to receive a cash award pursuant to this Agreement, two-thirds of the Award Payable (defined in Section 2(c) below) will be paid to Manager on March 1, 20012000, and one one-third of the Award Payable will be paid to Manager on March 1, 20032002. Payments under this Agreement will be made by Employer, unless Manager has transferred to a position with the Company or another a subsidiary of the Company prior to the payment date, in which case the Award Payable will be prorated among the employers of the Manager during the Performance Period on the basis of months worked for each affected employer.

Payment of Bonus. If Manager qualifies to receive a cash award pursuant to this Agreement, two-thirds of the Award Payable (defined in Section 2(c) below) will be paid to Manager on March 1, 20012000, and one one-third of the Award Payable will be paid to Manager on March 1, 20032002. Payments under this Agreement will be made by Employer, unless Manager has transferred to a position with the Company or another subsidiary of the Company prior to the payment date, in which case the Award Payable will be prorated among the employers of the Manager during the Performance Period on the basis of months worked for each affected employer.

Payment of Bonus. If Manager qualifies to receive a cash award pursuant to this Agreement, two-thirds of the Award Payable (defined in Section 2(c) below) will be paid to Manager on March 1, 2001, and one one-third of the Award Payable will be paid to Manager on March 1, 2003. Payments under this Agreement will be made by Employer, unless Manager has transferred to a position with the Company or another a subsidiary of the Company prior to the payment date, in which case the Award Payable will be prorated among the employers of the Manager during the Performance Period on the basis of months worked for each affected employer.