Common use of Prorated Annual Incentive Bonus Clause in Contracts

Prorated Annual Incentive Bonus. Executive will receive a lump sum severance payment equal to Executive’s prorated bonus for any partial annual incentive bonus period (based on the number of days Executive remained an employee of the Company) through the date of Executive’s termination of employment (at an assumed 100% on-target achievement of applicable goals) to the extent not already paid, payable within forty-five (45) days following the date of Executive’s termination of employment.

Prorated Annual Incentive Bonus. Executive will receive a lump sum severance payment equal to Executive’s prorated bonus for any partial annual incentive bonus period (based on the number of days Executive remained an employee of the Company) through the date of Executive’s termination of employment (at an assumed 100% on-target achievement of applicable goals) to the extent not already paid, payable within forty-five (45) days following the date of Executive’s termination of employment.applicable