Prior Year Bonus; Pro Rata Bonus. The Executive shall be paid, in a single lump-sum payment on the sixtieth (60th) day after the Date of Termination, (A) any Annual Bonus relating to the year immediately preceding the year in which the Date of Termination occurs that remains unpaid on the Date of Termination (if any), and (B) a pro rata portion of the Executive’s Target Bonus for the partial fiscal year in which the Date of Termination occurs (prorated based on the number of days in the fiscal year in which the Date of Termination occurs through the Date of Termination).
Appears in 4 contracts
Samples: Employment Agreement (Rexford Industrial Realty, Inc.), Employment Agreement (Rexford Industrial Realty, Inc.), Employment Agreement (Rexford Industrial Realty, Inc.)
