Common use of Short Term Incentive Compensation through Termination Date Clause in Contracts

Short Term Incentive Compensation through Termination Date. Key shall pay to Mxxxx, within 30 days after the Termination Date, as short term incentive compensation with respect to each short term incentive compensation plan in which Mxxxx is a participant, an amount equal to a pro rata portion of Mxxxx’x targeted short term incentive compensation under that plan for the calendar year in which the Termination Date falls. For these purposes, a “pro rata portion” means the percentage figure determined by dividing the number of days between January 1 of the calendar year in question through the Termination Date, inclusive, by 365. Any amount paid by Key to Mxxxx pursuant to this Section 7.1(b) with respect to a particular short term incentive compensation plan in which Mxxxx is a participant shall reduce, but not below zero, the amount that Key is required to pay to Mxxxx under that plan as short term incentive compensation for the calendar year in which the Termination Date falls, but that short term incentive compensation plan shall in all other respects be governed by its terms.

Short Term Incentive Compensation through Termination Date. Key shall pay to MxxxxXxxxx, within 30 days after the Termination Date, as short term incentive compensation with respect to each short term incentive compensation plan in which Mxxxx Xxxxx is a participant, an amount equal to a pro rata portion of Mxxxx’x Xxxxx'x targeted short term incentive compensation under that plan for the calendar year in which the Termination Date falls. For these purposes, a “"pro rata portion” " means the percentage figure determined by dividing the number of days between January 1 of the calendar year in question through the Termination Date, inclusive, by 365. Any amount paid by Key to Mxxxx Xxxxx pursuant to this Section 7.1(b) with respect to a particular short term incentive compensation plan in which Mxxxx Xxxxx is a participant shall reduce, but not below zero, the amount that Key is required to pay to Mxxxx Xxxxx under that plan as short term incentive compensation for the calendar year in which the Termination Date falls, but that short term incentive compensation plan shall in all other respects be governed by its terms.

Short Term Incentive Compensation through Termination Date. Key shall pay to MxxxxXxxxx, within 30 days after at the Termination Datetime specified in Section 7.1(h), as short term incentive compensation with respect to each short term incentive compensation plan in which Mxxxx Xxxxx is a participant, an amount equal to a pro rata portion of Mxxxx’x Xxxxx’x targeted short term incentive compensation under that plan for the calendar year in which the Termination Date falls. For these purposes, a “pro rata portion” means the percentage figure determined by dividing the number of days between January 1 of the calendar year in question through the Termination Date, inclusive, by 365. Any amount paid by Key to Mxxxx Xxxxx pursuant to this Section 7.1(b) with respect to a particular short term incentive compensation plan in which Mxxxx Xxxxx is a participant shall reduce, but not below zero, the amount that Key is required to pay to Mxxxx Xxxxx under that plan as short term incentive compensation for the calendar year in which the Termination Date falls; except as provided herein, but that the short term incentive compensation plan shall in all other respects be governed by its terms.

Short Term Incentive Compensation through Termination Date. Key shall pay to Mxxxx, within 30 days after at the Termination Datetime specified in Section 7.1(h), as short term incentive compensation with respect to each short term incentive compensation plan in which Mxxxx is a participant, an amount equal to a pro rata portion of Mxxxx’x targeted short term incentive compensation under that plan for the calendar year in which the Termination Date falls. For these purposes, a “pro rata portion” means the percentage figure determined by dividing the number of days between January 1 of the calendar year in question through the Termination Date, inclusive, by 365. Any amount paid by Key to Mxxxx pursuant to this Section 7.1(b) with respect to a particular short term incentive compensation plan in which Mxxxx is a participant shall reduce, but not below zero, the amount that Key is required to pay to Mxxxx under that plan as short term incentive compensation for the calendar year in which the Termination Date falls; except as provided herein, but that the short term incentive compensation plan shall in all other respects be governed by its terms.