Pro-Rata Bonus for Year of Termination. Payment of an amount on the sixty day anniversary of the Termination Date equal to the average of the Annual Cash Bonus amounts paid in relation to the two years prior to the year in which the Termination Date occurs multiplied by a fraction, the numerator of which shall equal the number of days during such calendar year prior to the Termination Date and the denominator of which shall equal three hundred and sixty-five (365) (such amount the “Pro-Rata Bonus”); and
Appears in 5 contracts
Samples: Executive Agreement (Envestnet, Inc.), Executive Agreement (Envestnet, Inc.), Executive Agreement (Envestnet, Inc.)
Pro-Rata Bonus for Year of Termination. Payment of an amount on no later than the sixty sixty-day anniversary of the Termination Date of an amount equal to the average of target annual bonus amount for the Annual Cash Bonus amounts paid in relation to the two years prior to the calendar year in which the Termination Date occurs multiplied by a fraction, the numerator of which shall equal the number of days during such calendar year prior to the Termination Date and the denominator of which shall equal three hundred and sixty-five (365) (such amount the “Pro-Rata Bonus”); and
Appears in 2 contracts
Samples: Severance Agreement and General Release (Outbrain Inc.), Severance Agreement and General Release (Outbrain Inc.)
Pro-Rata Bonus for Year of Termination. Payment of an amount on no later than the sixty sixty-day anniversary of the Termination Date equal to the average of the Annual Cash Bonus amounts paid for the AIP Grants in relation to the two years prior to the year in which the Termination Date occurs multiplied by a fraction, the numerator of which shall equal the number of days during such calendar year prior to the Termination Date and the denominator of which shall equal three hundred and sixty-five (365) (such amount the “Pro-Rata Bonus”); and
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