Common use of Prior Bonus Amount Clause in Contracts

Prior Bonus Amount. “Prior Bonus Amount” means an amount equal to the average of the bonuses earned by the Executive under Invacare’s annual bonus plan with respect to the three fiscal years immediately preceding the fiscal year in which a Change of Control occurs, provided however, if the Change of Control occurs prior to Executive completing three full years of employment with Invacare, then “Prior Bonus Amount” will mean the average of the bonuses earned for the actual number of fiscal years the Executive was employed.

Appears in 2 contracts

Samples: Severance Agreement (Invacare Corp), Severance Agreement (Invacare Corp)

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Prior Bonus Amount. “Prior Bonus Amount” means an amount equal to the average of the bonuses earned by the Executive under Invacare’s annual bonus plan with respect to the three fiscal years immediately preceding the Effective Date or the fiscal year in which a Change of Control occurs, provided as applicable, provided, however, that if the Effective Date or Change of Control occurs prior to the Executive completing three full years of employment with Invacare, then “Prior Bonus Amount” will mean the average of the bonuses earned for the actual number of full fiscal years the Executive was employed.

Appears in 1 contract

Samples: Change of Control Severance Agreement (INVACARE HOLDINGS Corp)

Prior Bonus Amount. “Prior Bonus Amount” means an amount equal to the average of the bonuses earned by the Executive under Invacare’s annual bonus plan with respect to the three fiscal years immediately preceding the fiscal year in which a Change of Control occurs, provided provided, however, that if the Change of Control occurs prior to the Executive completing three full years of employment with Invacare, then “Prior Bonus Amount” will mean the average of the bonuses earned for the actual number of full fiscal years the Executive was employed.

Appears in 1 contract

Samples: Change of Control Severance Agreement (INVACARE HOLDINGS Corp)

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Prior Bonus Amount. “Prior Bonus Amount” means an amount equal to the average of the bonuses earned by the Executive under Invacare’s annual bonus plan with respect to the three fiscal years immediately preceding the fiscal year in which a Change of Control occurs, provided however, if the Change of Control occurs prior to Executive completing three full years of employment with Invacare, then “Prior Bonus Amount” will mean the average of the bonuses earned for the actual number of fiscal years the Executive was employed.fiscal

Appears in 1 contract

Samples: Severance Agreement (Invacare Corp)

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