Common use of PRO-RATED BONUS AMOUNT Clause in Contracts

PRO-RATED BONUS AMOUNT. Pro-Rated Bonus Amount" means any accrued but unpaid bonus for a completed bonus period, plus a pro-rated portion of the Executive's semi-annual bonus calculated as of the Termination Date. The portion of the semi-annual bonus payment shall be the amount of semi-annual bonus payable to the Executive with respect to the bonus period in which the Termination Date occurs, based on the actual financial performance of the Company for such bonus period, pro-rated by multiplying such amount by a fraction, the numerator of which is the number of days during the bonus period which occur prior to the Termination Date, and the denominator of which is one hundred eighty-two and one-half (182-1/2).

Appears in 12 contracts

Samples: Employment Agreement (Too Inc), Employment Agreement (Too Inc), Employment Agreement (Too Inc)

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PRO-RATED BONUS AMOUNT. Pro-Rated Bonus Amount" means any accrued but unpaid bonus for a completed bonus period, plus a pro-rated portion of the Executive's ’s semi-annual bonus calculated as of the Termination Date. The portion of the semi-annual bonus payment shall be the amount of semi-annual bonus payable to the Executive with respect to the bonus period in which the Termination Date occurs, based on the actual financial performance of the Company for such bonus period, pro-rated by multiplying such amount by a fraction, the numerator of which is the number of days during the bonus period which occur prior to the Termination Date, and the denominator of which is one hundred eighty-two and one-half (182-1/2).

Appears in 5 contracts

Samples: Executive Agreement Michael Keane (Tween Brands, Inc.), Executive Agreement Ronnie Robinson (Tween Brands, Inc.), Employment Agreement (Tween Brands, Inc.)

PRO-RATED BONUS AMOUNT. Pro-Rated Bonus Amount" means any accrued but unpaid bonus for a completed bonus period, plus a pro-rated portion of the Executive's semi-annual bonus calculated as of the Termination Date. The portion of the semi-annual bonus payment payable shall be the amount of semi-annual bonus payable to the Executive with respect to the bonus period in which the Termination Date occurs, based on the actual financial performance of the Company for such bonus period, pro-rated by multiplying such amount by a fraction, the numerator of which is the number of days during the bonus period which occur prior to the Termination Date, and the denominator of which is one hundred eighty-two and one-half (182-1/2).

Appears in 2 contracts

Samples: Employment Agreement (Too Inc), Employment Agreement (Too Inc)

PRO-RATED BONUS AMOUNT. Pro-Rated Bonus Amount" means any accrued but unpaid bonus for a completed bonus period, plus a pro-rated portion of the Executive's ’s semi-annual bonus calculated as of the Termination Date. The portion of the semi-annual bonus payment payable shall be the amount of semi-annual bonus payable to the Executive with respect to the bonus period in which the Termination Date occurs, based on the actual financial performance of the Company for such bonus period, pro-rated by multiplying such amount by a fraction, the numerator of which is the number of days during the bonus period which occur prior to the Termination Date, and the denominator of which is one hundred eighty-two and one-half (182-1/2)1821/2.

Appears in 1 contract

Samples: Employment Agreement (Tween Brands, Inc.)

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PRO-RATED BONUS AMOUNT. Pro-Rated Bonus Amount" means any accrued but unpaid bonus for a completed bonus period, plus a pro-rated portion of the Executive's semi-annual bonus calculated as of the Termination Date. The portion of the semi-annual bonus payment shall be the amount of semi-annual bonus payable to the Executive with respect to the bonus period in which the Termination Date occurs, based on the actual financial performance of the Company for such bonus period, pro-rated by multiplying such amount by a fraction, the numerator of which is the number of days during the bonus period 130 which occur prior to the Termination Date, and the denominator of which is one hundred eighty-two and one-half (182-1/2).

Appears in 1 contract

Samples: Employment Agreement (Too Inc)

PRO-RATED BONUS AMOUNT. Pro-Rated Bonus Amount" means any accrued but unpaid bonus for a completed bonus period, plus a pro-rated portion of the Executive's semi-annual bonus calculated as of the Termination Date. The portion of the semi-annual bonus payment shall be the amount of semi-annual bonus payable to the Executive with respect to the bonus period in which the Termination Date occurs, based on the actual financial performance of the Company for such bonus period, pro-rated by multiplying such amount by a fraction, the numerator of which is the number of days during the bonus period 104 which occur prior to the Termination Date, and the denominator of which is one hundred eighty-two and one-half (182-1/2).

Appears in 1 contract

Samples: Employment Agreement (Too Inc)

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