Pro Rata Calculations. For the purposes of this Article 6 (except Section 6.2(b)), all calculations of the Annual Bonus on a pro rata basis shall mean that the Annual Bonus shall be based on the bonus that would have been payable for the entire calendar year multiplied by a fraction, the numerator of which is the number of days from January 1 in such year through the date of the termination of this Agreement and the denominator of which is 365.
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Samples: Employment Agreement (Aris Industries Inc), Employment Agreement (Aris Industries Inc), Employment Agreement (Aris Industries Inc)
Pro Rata Calculations. For the purposes of this Article 6 (except Section 6.2(b)), all calculations of the Annual Bonus on a pro rata basis shall mean that the Annual EXECUTION COPY Bonus shall be based on the bonus that would have been payable for the entire calendar year multiplied by a fraction, the numerator of which is the number of days from January 1 in such year through the date of the termination of this Agreement and the denominator of which is 365.
Appears in 2 contracts
Samples: Employment Agreement (Aris Industries Inc), Employment Agreement (Aris Industries Inc)
Pro Rata Calculations. For the purposes of this Article 6 (except Section 6.2(b)), all calculations of the Annual Bonus on a pro rata basis shall mean that the Annual Bonus shall be based on the bonus that would have been payable for the entire calendar year multiplied by a fraction, the numerator of which is the number of days from January 1 in such year through the date of the termination of this Agreement and the denominator of which is 365.. EXECUTION COPY --------------
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