Fully-Earned definition
Fully-Earned means that for purposes of determining whether the Employee shall be entitled to a bonus, that such Employee shall be treated as if he had been employed through the last date of the regular period for determining whether or not a bonus is payable in the standard manner that all such employees are evaluated even though Employee is no longer employed by the Company, and him eligibility for an incentive bonus, if any, shall be determined accordingly. Further, a surviving spouse of Employee shall be eligible for continuation of family benefits pursuant to Section 3(c) subject to compliance with Plan provisions at the full premium rate (Company plus employee portion) for a one year period after the date of termination.
Fully-Earned shall have the meaning set forth in Paragraph 7(e)(ii)(B).
Fully-Earned means that for purposes of determining whether the Consultant shall be entitled to a bonus, that such Consultant shall be treated as if he had been employed through the last date of the regular period for determining whether or not a bonus is payable in the standard manner that all such Consultants are evaluated even though Consultant is no longer employed by the Company, and him eligibility for an incentive bonus, if any, shall be determined accordingly. Further, a surviving spouse of Consultant shall be eligible for continuation of family benefits pursuant to Section 3(c) subject to compliance with Plan provisions at the full premium rate (Company plus Consultant portion) for a one year period after the date of termination.
Examples of Fully-Earned in a sentence
Upon the termination of the Agreement, no rights of Employee which shall have accrued prior to the date of such termination, including the right to receive any bonus Fully-Earned through the date of such termination, shall be affected in any way.
During the Term, if Employee’s employment is terminated due to his death, Employee’s estate shall be entitled to receive the Base Salary set forth in Section 3 accrued through the date of death and any bonus Fully-Earned (as herein defined) through the date of such termination; provided, however, Employee’s estate shall not be entitled to any other benefits (except as provided by law or separate agreement).
During the Term, if Employee’s employment is terminated due to her death, Employee’s estate shall be entitled to receive the Base Salary set forth in Section 3 accrued through the date of death and any bonus Fully-Earned (as herein defined) through the date of such termination; provided, however, Employee’s estate shall not be entitled to any other benefits (except as provided by law or separate agreement).
During the Term, if Employee's employment is terminated due to his death, Employee's estate shall be entitled to receive the Base Salary set forth in Section 3 accrued through the date of death and any bonus Fully-Earned (as herein defined) through the date of such termination; provided, however, Employee's estate shall not be entitled to any other benefits (except as provided by law or separate agreement).
Upon the termination of the Agreement, no rights of Consultant which shall have accrued prior to the date of such termination, including the right to receive any bonus Fully-Earned through the date of such termination, shall be affected in any way.
More Definitions of Fully-Earned
Fully-Earned means that, for purposes of determining whether the Employee shall be entitled to an annual bonus which would otherwise have been payable, the Employee shall be treated as if the Employee had been employed through the last date of the regular period for determining whether or not a bonus is payable in the standard manner that all such employees are evaluated even though the Employee is no longer employed by the Company, and the Employee’s eligibility for an annual incentive bonus, if any, shall be determined accordingly and shall be paid at the normal time that such bonuses are paid to other employees participating in the Bonus Plan, but the date of such payment shall occur no later than March 15 following the year in which the performance period ends. Further, from the period beginning on the Termination Date through the eighteenth (18) month anniversary thereof, the Employee or, in the event of the Employee’s death, the Employee’s eligible dependents (including a surviving spouse), shall be entitled to continued participation in all health and medical plans or programs in which the Employee or such eligible dependents, as applicable, were participating on the Termination Date and, subject to Section 5, the Company agrees to continue paying the same portion of the premiums for such coverage as the Company paid for the Employee or eligible dependents immediately prior to the Termination Date.
Fully-Earned means that for purposes of determining whether the Employee shall be entitled to a bonus, that such Employee shall be treated as if he had been employed through the last date of the regular period for determining whether or not a bonus is payable in the standard manner that all such employees are evaluated even though Employee is no longer employed by the Company, and his eligibility for an incentive bonus, if any, shall be determined with the presumption that Employee’s personal target percentage was achieved, that at least 100% of the applicable bonus pool was available, and that the amount of his incentive bonus will in any event not be less than the amount of any incentive bonus he received the prior year. Further, a surviving spouse of Employee shall be eligible for continuation of family benefits pursuant to Section 3(c) subject to compliance with plan provisions at the active employee rate for a one year period after the date of Employee’s death.
Fully-Earned means that for purposes of determining whether the Employee shall be entitled to a bonus, that such Employee shall be treated as if he had been employed through the last date of the regular period for determining whether or not a bonus is payable in the standard manner that all such employees are evaluated even though Employee is no longer employed by the Company, and his eligibility for an incentive bonus, if any, shall be determined accordingly.
Fully-Earned means Executive has achieved (i) for the first Annual Period, the performance metrics of the Chief Executive Officer for the ICP Bonus Award applicable to the first Annual Period as approved by the Compensation, Nominating, and Corporate Governance Committee in May 2015, or (ii) for any subsequent Annual Period, the performance metrics of Executive Officer as approved by the Compensation, Nominating, and Corporate Governance Committee for the ICP Bonus Award applicable to the Annual Period in effect on the Employment Termination Date;
Fully-Earned means that for purposes of determining whether the Employee shall be entitled to an incentive bonus, that such Employee shall be treated as if he had been employed through the last date of the regular period for determining whether or not an incentive bonus is payable in the standard manner that all such employees are evaluated even though Employee is no longer employed by the Company, and his eligibility for an incentive bonus, if any, shall be determined accordingly. Further, from the date of Employee’s termination through the eighteenth (18) month anniversary thereof, the Employee or, in the event of the Employee’s death, the Employee’s eligible dependents (including a surviving spouse), shall be entitled to continued participation in all health and medical plans or programs in which the Employee or such eligible dependents, as applicable, were participating on the termination date and, subject to Section 5, the Company agrees to continue paying the same portion of the premiums for such coverage as the Company paid for the Employee or eligible dependents immediately prior to the termination date.
Fully-Earned means Executive has achieved the performance metrics approved by the Compensation, Nominating, and Corporate Governance Committee for the ICP Bonus Award applicable to the Annual Period in effect on the Employment Termination Date;
Fully-Earned means that for purposes of determining whether Executive shall be entitled to an incentive bonus, that such Executive shall be treated as if he had been employed through the last date of the regular period for determining whether or not an incentive bonus is payable in the standard manner that all such employees are evaluated even though Executive is no longer employed by the Company, and his eligibility for an incentive bonus, if any, shall be determined accordingly. Further, from the date of Executive’s termination through the eighteenth (18) month anniversary thereof, Executive or, in the event of Executive’s death, Executive’s eligible dependents (including a surviving spouse), shall be entitled to continued participation in all health and medical plans or programs in which Executive or such eligible dependents, as applicable, were participating on the termination date and, subject to Section 5, the Company agrees to continue paying the same portion of the premiums for such coverage as the Company paid for Executive or eligible dependents immediately prior to the termination date.