Prior Performance Year Sample Clauses
Prior Performance Year. If a bonus for the prior calendar year has not been paid under EICP as of the Executive’s Covered Termination Date, then Executive will be entitled to the actual amount of the bonus determined under the EICP for such prior calendar year (such amount to be determined without the exercise of any downward discretion), in a lump sum in cash at the same time such bonus is paid to other EICP participants.
Prior Performance Year. If a bonus for the prior calendar year has not been paid under the Bonus Plan as of Executive’s Covered Termination, then Executive will be entitled to the actual amount of the bonus determined under the Bonus Plan for such prior calendar year (such amount to be determined without the exercise of any downward discretion), paid in a lump sum in cash at the same time such bonus is paid to other Bonus Plan participants.
Prior Performance Year. An Executive whose termination date occurs before the date on which awards under the AICP are paid out for the prior calendar year, or the date on which the Company announces that awards under the AICP will not be paid, will be entitled to an amount equal to the product of (A) the Salary and (B) the Target Bonus Percentage (or, if greater, the actual amount of the bonus determined under the AICP for such prior calendar year). Any prepayments of AICP awards made during the prior calendar year will be deducted from the amount calculated under the preceding sentence of Section 2(b)(2). The severance benefits provided for in Sections 2(a) and 2(b) above will be paid in one lump sum payment as soon as practicable after the expiration of the Waiver and Release revocation period (subject to any delay required to comply with the requirements of Section 409A of the Code).
Prior Performance Year. An Executive whose Covered Termination date occurs before the date on which awards under the AICP are paid out for the prior calendar year, or the date on which the Company announces that awards under the AICP will not be paid, then Executive will be entitled to an amount equal to the product of (A) the Salary and (B) the Target Bonus Percentage (or, if greater, the actual amount of the bonus determined under the AICP for such prior calendar year). Any prepayments of such AICP awards made during the prior calendar year will be deducted from the amount calculated under the preceding sentence of Section 2(b)(2). Subject to the Waiver and Release requirement in Section 2(f) below, the severance benefits provided for in Sections 2(a) and 2(b) above will be paid in one lump sum cash payment as soon as practicable after Executive’s Covered Termination date, but in no event shall such payment be made later than March 15th of the calendar year immediately following the calendar year in which occurs (i) Executive’s Covered Termination date or (ii) if earlier in the event Section 4(d) applies with respect to a Covered Termination for Good Reason, the date the Cure Period (as defined in Section 4(d) ends.
Prior Performance Year. An Executive whose termination date occurs before the date on which awards under the AICP are paid out for the prior calendar year, or the date on which the Company announces that awards under the AICP will not be paid, will be entitled to an amount equal to the product of (A) the Salary and (B) the Target Bonus Percentage (or, if greater, the actual amount of the bonus determined under the AICP for such prior calendar
Prior Performance Year. If a bonus for the prior calendar year has not been paid as of the Executive’s Covered Termination, then Executive will be entitled to the Target Bonus in respect of such calendar year, paid in a lump sum in cash within sixty (60) days after the Covered Termination.