Common use of Prorated Bonus Severance Clause in Contracts

Prorated Bonus Severance. A single, lump sum, cash payment equal to Executive’s Target Bonus, prorated by multiplying such amount by a fraction, (x) the numerator of which is the number of days during which Executive was employed with the Employer in the calendar year that the Qualifying Termination occurs, and (y) the denominator of which is the total number of days in such calendar year.

Prorated Bonus Severance. A single, lump sum, cash sum payment equal to Executive’s Target Bonus, prorated by multiplying such amount by a fraction, (x) the numerator of which is the number of days during which Executive was employed with the Employer Company in the calendar year that the Qualifying CIC Termination occurs, and (y) the denominator of which is the total number of days in such calendar yearthree hundred and sixty-five (365).

Prorated Bonus Severance. A single, lump sum, cash sum payment equal to Executive’s Target Bonus, prorated by multiplying such amount by a fraction, (x) the numerator of which is the number of days during which Executive was employed with the Employer Company in the calendar year that the Qualifying Non-CIC Termination occurs, and (y) the denominator of which is the total number of days in such calendar yearthree hundred and sixty-five (365).

Prorated Bonus Severance. A single, lump sum, sum cash payment equal to Executive’s Target Bonus, Bonus prorated by multiplying such amount by a fraction, fraction determined as (x) the numerator of which is the number of days during which Executive was employed with the Employer Company in the calendar Company’s fiscal year that the Qualifying Termination occurs, and divided by (y) the denominator of which is the total number of days in such calendar fiscal year.

Prorated Bonus Severance. A single, lump sum, sum cash payment equal to Executive’s Target Bonus, Bonus prorated by multiplying such amount by a fraction, fraction determined as (x) the numerator of which is the number of days during which Executive was employed with the Employer Company in the calendar year that the Qualifying Termination occurs, and divided by (y) the denominator of which is the total number of days in such calendar yearyear (the “Prorated Bonus Severance”).