Pro Rata Bonus. A pro rata Bonus, where applicable, shall be an amount equal to (1) the Bonus otherwise determined by the Committee based upon actual performance for the Performance Period in accordance with the foregoing provisions of this Exhibit C, multiplied by (2) a fraction, the numerator of which is the number of days that Executive is employed by the Company during the Performance Period, and the denominator of which is the total number of days in the Performance Period.
Appears in 10 contracts
Samples: Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP)
Pro Rata Bonus. A pro rata Bonus, where applicable, shall be an amount equal to (1) the Bonus otherwise determined by the Committee based upon actual performance for the Performance Period in accordance with the foregoing provisions of this Exhibit CA, multiplied by (2) a fraction, the numerator of which is the number of days that Executive is employed by the Company during the Performance Period, and the denominator of which is the total number of days in the Performance Period.
Appears in 6 contracts
Samples: Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP), Employment Agreement (Meritage Homes CORP)
Pro Rata Bonus. A pro rata Bonus, where applicable, Pro Rata Bonus shall be mean an amount equal to the greater of (1i) the Bonus otherwise determined Amount or (ii) an amount equal to the bonus objective or target established by the Committee based upon actual performance Board for the Performance Period Employee for the fiscal year in accordance with which the foregoing provisions of this Exhibit Ctermination occurs, in each case, multiplied by (2) a fraction, fraction the numerator of which is the number of days that Executive is employed by in the Company during fiscal year through the Performance Period, Termination Date and the denominator of which is the total number of days in the Performance Period365.
Appears in 1 contract
Pro Rata Bonus. A pro rata “Pro Rata Bonus, where applicable, ” shall be mean an amount equal to the lesser of (1i) the Bonus otherwise determined by the Committee based upon actual performance for the Performance Period Targeted Bonus, as defined in accordance with the foregoing provisions of this Exhibit CSection 4.2, multiplied by (2) a fraction, the numerator of which is shall be the number of days that Executive is employed by from the Company during commencement of the Performance Periodfiscal year to the Termination Date, and the denominator of which is shall be the total number of days in the Performance Periodfiscal year in which Employee was terminated; and (ii) $75,000.
Appears in 1 contract
Samples: Employment Agreement (Teamstaff Inc)