Common use of PRO-RATED BONUS UPON CHANGE IN CONTROL OR DEATH Clause in Contracts

PRO-RATED BONUS UPON CHANGE IN CONTROL OR DEATH. Within fifteen (15) days following (i) the consummation of a Change in Control (as defined below), (ii) Executive’s death, or (iii) termination of Executive’s employment due to disability, the Company shall pay to Executive or to his estate or heirs an amount equal to 100% of Executive’s annual Base Salary, pro-rated from January 1 of the year in which such Change in Control or death or termination of employment due to disability occurs through and including the date of such Change in Control or death or termination of employment due to disability (the “Pro-Rated Bonus”).

PRO-RATED BONUS UPON CHANGE IN CONTROL OR DEATH. Within fifteen (15) days following (i) the consummation of a Change in Control (as defined below), (ii) Executive’s 's death, or (iii) termination of Executive’s employment due to disability, the Company shall pay to Executive or to his estate or heirs an amount equal to 100% of Executive’s 's annual Base Salary, pro-rated from January 1 of the year in which such Change in Control or death or termination of employment due to disability occurs through and including the date of such Change in Control or death or termination of employment due to disability (the “"Pro-Rated Bonus”").