Separation Bonus. Within thirty (30) days following Executive’s termination, payment of a separation bonus in an amount equal to the target annual bonus to which Executive may have been entitled for the year in which Executive is terminated, prorated for the portion of the year in which Executive was employed.
Separation Bonus. Payment of a separation bonus in an amount equal to the target Annual Performance Bonus to which Executive may have been entitled for the year in which Executive’s employment terminates, prorated to reflect that portion of the year in which Executive was employed prior to termination, less all customary and required taxes and employment-related deductions, paid at the same time as the payment in (i) above.
Separation Bonus. In the Company’s sole discretion, and conditioned upon appropriate approval from the Compensation Committee, within forty-five (45) days following Executive’s termination the Company may pay Executive a separation bonus not to exceed the target annual bonus to which Executive may have been entitled for the year in which Executive is terminated, prorated for the portion of the year in which Executive was employed.
Separation Bonus. The Company shall pay the Executive one and a half (1.5) times the average of the Target Bonus (as defined in Section 2.2 of the Employment Agreement) the Executive received from the Company for all fiscal years completed during the term of the Employment Agreement, paid in installments on the Company’s normal payroll dates for a period of 12 consecutive months, with a schedule that complies with, or is exempt from, Section 409A, and with each payment deemed to be a separate payment for purposes of Section 409A.
Separation Bonus. A lump sum payment equal to pro-rated portion of the Target Bonus established by the Compensation Committee for the Executive for the fiscal year in which Executive’s employment was terminated (or in which Executive resigns for Good Reason following a Change in Control) (the “Separation Bonus”). The pro-rated portion of the Separation Bonus shall be calculated based upon the number of days which the Executive was actually employed by the Company during the fiscal year in which Executive’s employment ceased. Subject to Section 8.2 below, the lump sum payment required by this Section shall be paid no later than thirty (30) days following the Final Revocation Date.
Separation Bonus. A bonus in an amount equal to Six Hundred Fifty Thousand Dollars $650,000 (the “Separation Bonus”), of which $450,000 shall be regarded as Employee’s annual bonus for fiscal year 2015 and paid in 2016 when bonuses in respect of fiscal year 2015 are paid to employees generally, and the remaining $200,000 shall be regarded as Employee’s annual bonus for fiscal year 2016 and paid in 2017 when bonuses in respect of fiscal year 2016 are paid to employees generally. For clarity, the Separation Bonus shall replace the Pro Rata Bonus (as defined in the Additional Separation Agreement), if Employee has executed the Additional Separation Agreement.
Separation Bonus. If the Step One Restructuring Transaction or the Step Two Restructuring Transaction is completed and the Executive resigns at any time within twelve (12) months of the completion of such Step One Restructuring Transaction or Step Two Restructuring Transaction, the Company shall pay to the Executive $8,333.33 in cash per month for up to twelve (12) months; provided, however, that the Company's obligation to pay such monthly amount to the Executive shall immediately cease once the Executive is employed by any other person."
Separation Bonus. Executive will receive a lump sum bonus in the amount of $1,000,000 (“Separation Bonus”), minus any applicable deductions or withholdings or other reductions required by applicable law, to be paid within 30 days after the Termination Date.
Separation Bonus. The Company shall pay Executive two times Executive’s average annual bonus paid for each completed fiscal year since January 1, 2010 that ends prior to the Retirement Date, which the Parties acknowledge would equal $1,048,894 if the Retirement Date were to occur prior to December 31, 2013 (the “Separation Bonus”), paid in equal installments on the Company’s normal payroll dates for a period of 12 consecutive months commencing from the Retirement Date in accordance with the normal payroll practice of the Company, with each payment deemed to be a separate and distinct payment for purposes of Code Section 409A, provided, however, that the first payment shall be made on the next normal payroll day following the 60th day after the Retirement Date, which first payment shall include amounts otherwise due and payable under this Section 3(b) on or before such date. For the avoidance of doubt, the dollar amount in this Section 3(b) will be revised as necessary in the event that the Retirement Date occurs after the end of fiscal year 2013.
Separation Bonus. If the public offering contemplated by Section 3(j) is completed and the Executive resigns at any time following twelve (12) months of the completion of such public offering, the Company shall pay to the Executive $8,333.33 in cash per month for up to twelve (12) months; provided, however, that the Company's obligation to pay such monthly amount to the Executive shall immediately cease once the Executive is employed by any other person."
