Common use of Prorated Current Year Annual Incentive Bonus Clause in Contracts

Prorated Current Year Annual Incentive Bonus. The Company will pay Executive a bonus for the calendar year in which the Termination Date occurs in an amount measured by reference to the Annual Incentive Bonus for such year as determined by the Company in accordance with the criteria established pursuant to Section 3.2 and based on the Company’s actual performance for such year, and prorated through and including the Termination Date (based on the ratio of the number of days Executive was employed by the Company during such year to the number of days in such year), payable in a lump sum on or before the date such annual bonuses are paid to executives who have continued employment with the Company (but in no event earlier than sixty (60) days following the Termination Date or, if earlier, March 15th of the year following the calendar year ending prior to the Termination Date).

Prorated Current Year Annual Incentive Bonus. The Company will pay Executive a bonus for the calendar year in which the Termination Date occurs in an amount measured by reference equal to the Annual Incentive Bonus for such year as determined by the Company in accordance with the criteria established pursuant to Section 3.2 and based on the Company’s actual performance for such year, and which amount will be prorated through and including the Termination Date (based on the ratio of the number of days Executive was employed by the Company during such year to the number of days in such year), payable in a lump lump-sum on or before the date such annual bonuses are paid to executives Executives who have continued employment with the Company (but in no event earlier than sixty (60) 60 days following after the Termination Date or, if earlier, nor later than March 15th of the year following the calendar year ending prior to the Termination Date).

Prorated Current Year Annual Incentive Bonus. The Company will pay Executive Employee a bonus for the calendar year in which the Termination Date occurs in an amount measured by reference equal to the Annual Incentive Bonus for such year as determined by the Company in accordance with the criteria established pursuant to Section 3.2 and based on the Company’s actual performance for such year, and which amount will be prorated through and including the Termination Date (based on the ratio of the number of days Executive Employee was employed by the Company during such year to the number of days in such year), payable in a lump lump-sum on or before the date such annual bonuses are paid to executives employees who have continued employment with the Company (but in no event earlier than sixty (60) 60 days following after the Termination Date or, if earlier, nor later than March 15th of the year following the calendar year ending prior to the Termination Date).; and