Pro-Rated Bonus Payment. A lump-sum cash payment equal to 100% of such Employee’s target bonus as in effect for the fiscal year in which the Change of Control occurs, pro-rated by multiplying such bonus amount by a fraction, the numerator of which shall be the number of days prior to occurrence of the Change of Control during such fiscal year, and the denominator of which shall be three-hundred and sixty-five.
Appears in 4 contracts
Samples: Management Retention Agreement (3com Corp), Management Retention Agreement (3com Corp), Management Retention Agreement (3com Corp)
Pro-Rated Bonus Payment. A lump-sum cash payment equal to 100% of such Employee’s target bonus as in effect for the fiscal year in which the Change of Control or Disposition occurs, pro-rated by multiplying such bonus amount by a fraction, the numerator of which shall be the number of days prior to occurrence of the Change of Control or Disposition during such fiscal year, and the denominator of which shall be three-hundred and sixty-five.
Appears in 2 contracts
Samples: Management Retention Agreement (3com Corp), Management Retention Agreement (3com Corp)
Pro-Rated Bonus Payment. A lump-sum cash payment equal to one hundred percent (100% %) of such the Employee’s target bonus Target Bonus as in effect for the fiscal year in which the Change of Control occurs, pro-rated by multiplying such bonus Target Bonus amount by a fraction, the numerator of which shall be the number of calendar days prior to occurrence of the Change of Control during such fiscal year, and the denominator of which shall be three-hundred and sixty-five.five (365);
Appears in 2 contracts
Samples: Management Retention Agreement (3com Corp), Management Retention Agreement (3com Corp)
