Common use of Pro-Rated Bonus Clause in Contracts

Pro-Rated Bonus. Employee will be eligible to receive the Pro-Rated Bonus, less applicable tax withholdings, which shall be payable to Employee in a lump sum cash payment concurrently with the annual cash bonus payments to other similarly-situated employees, provided, that no payment shall be made prior to the Initial Payment Date, but that such payment shall in any event be made prior to March 15 of the year following the year of Employee's termination; and

Appears in 2 contracts

Samples: Employment Agreement (Vital Farms, Inc.), Employment Agreement (Vital Farms, Inc.)

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Pro-Rated Bonus. Employee will be eligible to receive the Pro-Rated Bonus, less applicable tax withholdings, which shall be payable to Employee in a lump sum cash payment concurrently with the annual cash bonus payments to other similarly-situated employees, provided, that no payment shall be made prior to the Initial Payment Date, but that such payment shall in any event be made prior to March 15 of the year following the year of Employee's termination; andSecond Amended and Restated Employment Agreement

Appears in 1 contract

Samples: Employment Agreement (Vital Farms, Inc.)

Pro-Rated Bonus. Employee will additionally be eligible to receive to the Pro-Rated BonusBonus (as defined above), which shall be paid, less applicable tax withholdings, which shall be payable to Employee in a lump sum cash payment concurrently with the annual cash bonus payments to other similarly-situated employees, provided, that no payment shall be made prior to on the Initial Payment Date, but that such payment shall in any event be made prior to March 15 of the year following the year of Employee's termination; and;

Appears in 1 contract

Samples: Employment Agreement (Vital Farms, Inc.)

Pro-Rated Bonus. Employee will be eligible to receive the Pro-Rated Bonus, less applicable tax withholdings, which shall be payable to Employee in a lump sum cash payment concurrently with the annual cash bonus payments to other similarly-situated employees, provided, that no payment shall be made prior to the Initial Payment Date, but that such payment shall in any event be made prior to March 15 of the year following the year of Employee's termination; and;

Appears in 1 contract

Samples: Employment Agreement (Vital Farms, Inc.)

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Pro-Rated Bonus. Employee will additionally be eligible to receive to the Pro-Rated BonusBonus (as defined above), which shall be paid, less applicable tax withholdings, which shall be payable to Employee in a lump sum cash payment concurrently with the annual cash bonus payments to other similarly-situated employees, provided, that no payment shall be made prior to on the Initial Payment Date, but that such payment shall in any event be made prior to March 15 of the year following the year of Employee's termination; andSecond Amended and Restated Employment Agreement

Appears in 1 contract

Samples: Employment Agreement (Vital Farms, Inc.)

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