Common use of Pro Rata Bonus Clause in Contracts

Pro Rata Bonus. For purposes of this Agreement, "Pro Rata Bonus" shall mean an amount equal to 100% of the target bonus that the Executive would have been eligible to receive for the Company's fiscal year in which the Executive's employment terminates, multiplied by a fraction, the numerator of which is the number of days in such fiscal year through the Termination Date and the denominator of which is 365.

Appears in 10 contracts

Samples: Change in Control Agreement (Equity Office Properties Trust), Change in Control Agreement (Equity Office Properties Trust), Change in Control Agreement (Equity Office Properties Trust)

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Pro Rata Bonus. For purposes of this Agreement, "Pro Rata Bonus" shall mean an amount equal to 100% of the target bonus that the Executive would have been eligible to receive for the Company's fiscal year in which the Executive's employment terminates, Bonus Amount multiplied by a fraction, fraction the numerator of which is the number of days in such the fiscal year in which the Executive's Termination Date occurs that have elapsed through the Termination Date and the denominator of which is 365.

Appears in 9 contracts

Samples: Change in Control and Severance Protection Agreement (Curtiss Wright Corp), Severance Protection Agreement (Curtiss Wright Corp), Severance Protection Agreement (Aldila Inc)

Pro Rata Bonus. For purposes of this Agreement, "Pro Rata Bonus" shall mean an amount equal to 100% of the target bonus that the Executive would have been eligible to receive for the Company's ’s fiscal year in which the Executive's ’s employment terminates, multiplied by a fraction, the numerator of which is the number of days in such fiscal year through the Termination Date and the denominator of which is 365.

Appears in 5 contracts

Samples: Change in Control Agreement (Equity Office Properties Trust), Change in Control Agreement (Equity Office Properties Trust), Change in Control Agreement (Equity Office Properties Trust)

Pro Rata Bonus. For purposes of this Agreement, "Pro Rata Bonus" shall mean an amount equal to 100% of the target bonus that the Executive would have been eligible to receive for the Company's fiscal year in which the Executive's employment terminates, Bonus Amount multiplied by a fraction, the numerator of which is the number of days in such the Company's fiscal year in which the Executive's employment terminates through the Termination Date and the denominator of which is 365.

Appears in 4 contracts

Samples: Change in Control Agreement (Evans Withycombe Residential Inc), Change in Control Agreement (Evans Withycombe Residential Inc), Change in Control Agreement (Evans Withycombe Residential Inc)

Pro Rata Bonus. For purposes of this Agreement, "Pro Rata Bonus" shall mean an amount equal to 100% fifty percent (50%) of the target bonus that the Executive would have been eligible to receive for the Company's fiscal year in which the Executive's employment terminates, Base Amount multiplied by a fraction, fraction the numerator of which is the number of days in such the fiscal year in which the Executive's Termination Date occurs that have elapsed through the Termination Date and the denominator of which is 365.

Appears in 2 contracts

Samples: Retention Agreement (Nine West Group Inc /De), Retention Agreement (Nine West Group Inc /De)

Pro Rata Bonus. For purposes of this Agreement, "Pro Rata Bonus" shall mean an amount equal the actual bonus paid or payable to 100% the Executive under the Incentive Plan in respect of the target bonus that the Executive would have been eligible to receive for the Company's fiscal year of the Corporation immediately prior to that in which the Executive's employment terminates’s Termination Date occurs, multiplied by a fraction, the numerator of which is the number of days in such fiscal year through the Termination Date that the Executive was employed by the Corporation in the year in which the Termination Date occurs, and the denominator of which is 365.

Appears in 2 contracts

Samples: Severance Protection Agreement (CommScope Holding Company, Inc.), Severance Protection Agreement (Commscope Inc)

Pro Rata Bonus. For purposes of this Agreement, "Pro Rata Bonus" shall mean an amount equal to 100% of the target bonus Executive’s Target Bonus that the Executive would have been eligible to receive for the Company's ’s fiscal year in which the Executive's ’s employment terminates, multiplied by a fraction, the numerator of which is the number of days in such fiscal year through the Termination Date and the denominator of which is 365.

Appears in 2 contracts

Samples: Employment Agreement (Equity Residential), Employment Agreement (Equity Residential)

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Pro Rata Bonus. For purposes of this Agreement, "Pro Rata Bonus" shall mean an amount equal to 100% of the target bonus that the Executive would have been eligible to receive for the Company's ’s fiscal year in which the Executive's ’s employment terminates, multiplied by a fraction, the numerator of which is the number of days in such fiscal year through the Termination Date and the denominator of which is 365.

Appears in 1 contract

Samples: Severance Agreement (Equity Residential)

Pro Rata Bonus. For purposes of this Agreement, "Pro Rata Bonus" shall mean an amount equal to 100% of the target bonus Bonus Amount (as defined above) that the Executive Employee would have been eligible entitled to receive for in respect of the Company's fiscal year in which such Employee's Termination Date occurs had he continued in employment until the Executive's employment terminatesend of such fiscal year, calculated as if all performance targets and goals (if applicable) had been fully met by the Employee for such year, multiplied by a fraction, fraction the numerator of which is the number of days in such fiscal year through the Employee's Termination Date and the denominator of which is 365.

Appears in 1 contract

Samples: Severance Agreement (Vfinance Com)

Pro Rata Bonus. For purposes of this Agreement, "Pro Rata Bonus" shall mean an amount equal to 100% of the target bonus that the Executive would have been eligible to receive for the Company's fiscal year in which the Executive's employment terminates, Bonus Amount multiplied by a fraction, fraction of the numerator of which is the number of days in such fiscal the year in which an Executive’s Termination Date occurs through the Termination Date termination date and the denominator of which is 365.

Appears in 1 contract

Samples: Severance Protection Agreement (Commscope Inc)

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