Common use of Separation Bonus Benefit Clause in Contracts

Separation Bonus Benefit. A separation bonus equal to the gross amount of fifty percent (50%) of the average of Employee’s annual performance bonus earned for the two (2) most recent fiscal years for which bonuses have been earned prior to the termination date shall be paid in a lump sum on the date on which the initial installment of base salary continuation described in clause (i) above is paid.

Separation Bonus Benefit. A separation bonus equal to the gross amount of fifty percent (50%) of the average of Employee’s annual performance bonus earned for the two (2) most recent fiscal years for which bonuses have been earned prior to the termination date shall be paid at the same time(s) and in a lump sum on the date on which same manner as the initial installment of base salary continuation severance benefit described in clause (i) above is paid.

Separation Bonus Benefit. A separation bonus equal to the gross amount of fifty percent (50%) of the average of Employee’s annual performance bonus earned for the two (2) most recent fiscal years for which bonuses have been earned prior to the termination date shall be paid in a lump sum on the date on which the initial installment of base salary continuation described in clause (i) above is paid. If no annual bonus has been paid at the time of termination the target bonus will be used as reference.

Separation Bonus Benefit. A separation bonus equal to the gross amount of fifty percent (50%) of the average of Employee’s annual performance bonus earned for the two (2) most recent fiscal years for which bonuses have been earned prior to the termination date shall be paid at the same time(s) and in a lump sum on the date on which same manner as the initial installment of base salary continuation severance benefit described in clause (i) above is paid. If no annual bonus has been paid at the time of termination the target bonus will be used as reference.

Separation Bonus Benefit. A separation bonus equal to the gross amount of fifty 50 percent (50%) of the average of Employee’s annual performance bonus earned for the two (2) most recent fiscal years for which bonuses have been earned prior to the termination date shall be paid at the same time(s) and in a lump sum on the date on which same manner as the initial installment of base salary continuation severance benefit described in clause (i) above is paid.

Separation Bonus Benefit. A separation bonus equal to the gross amount pro rata portion through the date of fifty percent (50%) such termination of the average of Employee’s annual performance bonus earned for the two (2) most recent fiscal years for which bonuses have been earned prior to the such termination date date. Any payment to which Employee is entitled pursuant to this clause (ii) shall be paid in a lump sum on the date on which the initial installment of base salary continuation described in clause (i) above is paid.

Separation Bonus Benefit. A separation bonus equal to the gross amount of fifty [●] percent (50[●] %) of the average of Employee’s annual performance bonus earned for the two (2) most recent fiscal years for which bonuses have been earned prior to the termination date shall be paid at the same time(s) and in a lump sum on the date on which same manner as the initial installment of base salary continuation severance benefit described in clause (i) above is paid.

Separation Bonus Benefit. A separation bonus equal to the gross amount of fifty [●] percent (50[●] %) of the average of Employee’s annual performance bonus earned for the two (2) most recent fiscal years for which bonuses have been earned prior to the termination date shall be paid in a lump sum on the date on which the initial installment of base salary continuation described in clause (i) above is paid.

Separation Bonus Benefit. A separation bonus equal to the gross amount of fifty percent (50%) of the average total sum of Employee’s annual performance bonus earned for the two (2) most recent fiscal years for which bonuses have been earned prior to the termination date shall be paid at the same time(s) and in a lump sum on the date on which same manner as the initial installment of base salary continuation severance benefit described in clause (i) above is paid.

Separation Bonus Benefit. A separation bonus equal to the gross amount of fifty percent (5050 %) of the average total sum of Employee’s annual performance bonus earned for the two (2) most recent fiscal years for which bonuses have been earned prior to the termination date shall be paid in a lump sum on the date on which the initial installment of base salary continuation described in clause (i) above is paid.