Common use of Prorated Bonus for Year of Termination Clause in Contracts

Prorated Bonus for Year of Termination. Within 45 days after the Termination Date, Executive’s Pro-rata Annual Bonus reduced (but not below zero) by the amount of any amount previously paid to Executive with respect to such Annual Bonus for the fiscal year in which the Termination Date occurs;

Appears in 2 contracts

Samples: Control Employment Agreement (Principal Financial Group Inc), Employment Agreement (Principal Financial Group Inc)

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Prorated Bonus for Year of Termination. Within 45 days after the Termination Date, Executive’s Pro-rata Annual Bonus or Pro-rata Periodic Bonus, as applicable, reduced (but not below zero) by the amount of any amount previously paid to Executive with respect to such Annual Bonus for the fiscal year or Periodic Bonus for the fiscal period in which the Termination Date occurs;.

Appears in 1 contract

Samples: Control Employment Agreement (Principal Financial Group Inc)

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Prorated Bonus for Year of Termination. Within 45 days after the Termination Date, Executive’s Pro-rata Annual Bonus or Pro-rata Periodic Bonus, as applicable, reduced (but not below zero) by the amount of any amount previously paid to Executive with respect to such Annual Bonus for the fiscal year or Periodic Bonus for the fiscal period in which the Termination Date occurs;

Appears in 1 contract

Samples: Waiver and Release (Principal Financial Group Inc)

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