Common use of Target Bonus Consideration Clause in Contracts

Target Bonus Consideration. Executive shall receive Target Bonus consideration consisting of two components, both of which are based upon the Target Bonus in effect for Executive immediately prior to the Change in Control: (1) an amount equal to one hundred percent (100%) of the Executive’s annual Target Bonus; and (2) an additional amount that represents a prorated percentage of the Executive’s annual Target Bonus based upon the number of days that have passed in the current fiscal year as of the Termination Date. The Target Bonus consideration shall be paid within thirty (30) days of the Termination Date and shall be subject to required deductions and withholdings.

Appears in 11 contracts

Samples: Employment Agreement (Symantec Corp), Employment Agreement (Symantec Corp), Employment Agreement (Symantec Corp)

AutoNDA by SimpleDocs

Target Bonus Consideration. Executive shall receive Target Bonus consideration consisting of two components, both of which are based upon the Target Bonus in effect for Executive immediately prior to the Change in Control: (1) an amount equal to one hundred percent (100%) of the Executive’s annual Target Bonus; and (2) an additional amount that represents a prorated percentage of the Executive’s annual Target target Bonus based upon the number of days that have passed in the current fiscal year as of the Termination Date. The Target Bonus consideration shall be paid within thirty (30) days of the Termination Date and shall be subject to the required deductions and withholdings.

Appears in 2 contracts

Samples: Employment Agreement (Symantec Corp), Employment Agreement (Symantec Corp)

Target Bonus Consideration. Executive shall receive Target Bonus consideration consisting of two components, both of which are based upon the Target Bonus in effect for Executive immediately prior to the Change in Control: (1) an amount equal to one hundred percent (100%) of the Executive’s 's annual Target Bonus; and (2) an additional amount that represents a prorated percentage of the Executive’s annual Target Bonus based upon the number of days that have passed in the current fiscal year as of the Termination Date. The Target Bonus consideration shall be paid within thirty (30) days of the Termination Date and shall be subject to required deductions and withholdings.and

Appears in 2 contracts

Samples: Change in Control Agreement (Veritas Software Corp /De/), Change in Control Agreement (Veritas Software Corp /De/)

AutoNDA by SimpleDocs

Target Bonus Consideration. Executive shall receive Target Bonus consideration consisting of two components, both of which are based upon the Target Bonus in effect for Executive immediately prior to the Change in Control: (1) an amount equal to one hundred percent (100%) of the Executive’s annual Target Bonus; and (2) an additional amount that represents a prorated percentage of the Executive’s annual Target Bonus based upon the number of days that have passed in the current fiscal year as of the Termination Date. The Target Bonus consideration shall be paid within thirty (30) days of the Termination Date date and shall be subject to required deductions and withholdings.

Appears in 2 contracts

Samples: Employment Agreement (Symantec Corp), Employment Agreement (Symantec Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!