Pro-rata Bonus Amount Clause Samples
Pro-rata Bonus Amount. “Pro-rata Bonus Amount”, as used in Section 9, means an amount equal to a “portion” of the highest cash bonus paid to the Executive in the three calendar years immediately prior to the Change in Control. The “portion” of such cash bonus shall be a fraction, the numerator of which is the number of calendar months or part thereof which the Executive has worked in the calendar year in which the termination occurs and the denominator of which is 12.
Pro-rata Bonus Amount. Pro Rata Bonus Amount for the year of termination based on number of days in the year through the Separation Date, at greater of target and actual funding percentage for the Annual Bonus Plan. $2,383,562 (at target), payable at the same time as annual bonuses are paid to senior executives of the Company. Sections 3.02(b)(iii) and (iv). Equity Award Treatment Retirement treatment described in Section 3.02(b)(iii) with respect to outstanding options granted prior to February 1, 2021 and as set forth in Section 3.02(b)(iv) with respect to awards granted after February 1, 2021. See Equity Award Treatment Summary below.
Pro-rata Bonus Amount. Pay You the Pro Rata Bonus Amount identified in Section 2.2 of the C.O.C. Agreement;
Pro-rata Bonus Amount. In addition to, and not in lieu of, the payment to be made under Section 2.1 above, the Company shall pay an amount equal to the Annual Bonus paid or payable (including any portion thereof which has been earned but deferred) for the then current fiscal year measured as follows:
(a) Within thirty (30) days after the end of the most recently completed fiscal quarter of the Company prior to the Change of Control, the amount of bonus earned for such quarter based upon actual performance against target; and
(b) For the fiscal quarter in which the Change of Control occurs, an amount equal to the amount set forth in subsection (a) above, multiplied by the number of days in such fiscal quarter prior to the Change of Control and divided by ninety (90); such amount to be paid within thirty (30) days after the Change of Control.
Pro-rata Bonus Amount. In addition to, and not in lieu of, the payment to be made under subsection (a) above, an amount equal to the Annual Bonus paid or payable (including any portion thereof which has been earned but deferred) for the then current fiscal year measured as follows:
(1) Within thirty (30) days after the end of the most recently completed fiscal quarter of the Company prior to the Date of Termination, the amount of bonus earned for such quarter based upon actual performance against target; and
(2) For the fiscal quarter in which the Date of Termination occurs, an amount equal to the amount set forth in paragraph (1) above, multiplied by the number of days in such fiscal quarter prior to the Executive's Date of Termination and divided by ninety (90); such amount to be paid within thirty (30) days after the Date of Termination.