Common use of Target Bonus Plan Clause in Contracts

Target Bonus Plan. Notwithstanding any other provision of this Agreement, if the Company terminates this Agreement prior to the end of the term of this Agreement on August 28, 2004, for reasons other than for Cause, or if the Company and the Employee do not agree in writing before August 28, 2004, to extend the term of the Employee's employment by the Company beyond August 28, 2004, the Employee shall be entitled to receive as a severance payment an amount equal to the pro rata share of the bonus, or the full bonus,as the case may be, if any, under and subject to the terms and conditions of the Target Bonus Plan referred to in Section 5.02(a) based on one hundred (100%) percent of the Employee's base salary actually received for the period from August 31, 2003, through the Termination Date, or through August 28, 2004, if the Employee's employment continues through that date. This payment is equal to the amount, if any, the Employee would have received following the end of the fiscal year ended August 28, 2004, if the Target Bonus Plan did not have a requirement that the Employee be employed by the Company at the time the bonus is customarily paid. Such payment shall be made to the Employee on or about November 15 following the end of said fiscal year."

Appears in 1 contract

Samples: Employment Agreement (Family Dollar Stores Inc)

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Target Bonus Plan. Notwithstanding any other provision of this Agreement, if the Company terminates this Agreement prior to the end of the term of this Agreement on August 2827, 20042005, for reasons other than for Cause, or if the Company and the Employee do not agree in writing before August 2827, 20042005, to extend the term of the Employee's ’s employment by the Company beyond August 2827, 20042005, the Employee shall be entitled to receive as a severance payment an amount equal to the pro rata share of the bonus, or the full bonus,, as the case may be, if any, under and subject to the terms and conditions of the Target Bonus Plan referred to in Section 5.02(a) based on one hundred sixty-five (10065%) percent of the Employee's ’s base salary actually received for the period from August 3129, 20032004, through the Termination Date, or through August 2827, 20042005, if the Employee's ’s employment continues through that date. This payment is equal to the amount, if any, the Employee would have received following the end of the fiscal year ended August 2827, 20042005, if the Target Bonus Plan did not have a requirement that the Employee be employed by the Company at the time the bonus is customarily paid. Such payment shall be made to the Employee on or about November 15 following the end of said fiscal year."

Appears in 1 contract

Samples: Employment Agreement (Family Dollar Stores Inc)

Target Bonus Plan. Notwithstanding any other provision of this Agreement, if the Company terminates this Agreement prior to the end of the term of this Agreement on August 2827, 20042005, for reasons other than for Cause, or if the Company and the Employee do not agree in writing before August 2827, 20042005, to extend the term of the Employee's ’s employment by the Company beyond August 2827, 20042005, the Employee shall be entitled to receive as a severance payment an amount equal to the pro rata share of the bonus, or the full bonus,, as the case may be, if any, under and subject to the terms and conditions of the Target Bonus Plan referred to in Section 5.02(a) based on one hundred (100%) percent of the Employee's ’s base salary actually received for the period from August 3129, 20032004, through the Termination Date, or through August 2827, 20042005, if the Employee's ’s employment continues through that date. This payment is equal to the amount, if any, the Employee would have received following the end of the fiscal year ended August 2827, 20042005, if the Target Bonus Plan did not have a requirement that the Employee be employed by the Company at the time the bonus is customarily paid. Such payment shall be made to the Employee on or about November 15 following the end of said fiscal year."

Appears in 1 contract

Samples: Employment Agreement (Family Dollar Stores Inc)

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Target Bonus Plan. Notwithstanding any other provision of this Agreement, if the Company terminates this Agreement prior to the end of the term of this Agreement on August 28, 2004, for reasons other than for Cause, or if the Company and the Employee do not agree in writing before August 28, 2004, to extend the term of the Employee's employment by the Company beyond August 28, 2004, the Employee shall be entitled to receive as a severance payment an amount equal to the pro rata share of the bonus, or the full bonus,as the case may be, if any, under and subject to the terms and conditions of the Target Bonus Plan referred to in Section 5.02(a) based on one hundred sixty (10060%) percent of the Employee's base salary actually received for the period from August 31, 2003, through the Termination Date, or through August 28, 2004, if the Employee's employment continues through that date. This payment is equal to the amount, if any, the Employee would have received following the end of the fiscal year ended August 28, 2004, if the Target Bonus Plan did not have a requirement that the Employee be employed by the Company at the time the bonus is customarily paid. Such payment shall be made to the Employee on or about November 15 following the end of said fiscal year."

Appears in 1 contract

Samples: Employment Agreement (Family Dollar Stores Inc)

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