Examples of Monthly Bonus Amount in a sentence
A Participant who has a Separation from Service that constitutes a Covered Termination shall be entitled to the following Severance Benefits:(a)Severance Pay – A Participant shall receive an amount equal to the product of (i) the Monthly Base Pay plus the Monthly Bonus Amount, and (ii) the applicable number of months in the Severance Benefit Period (the “Severance Pay”).
The Monthly Bonus Amount shall be payable on a monthly basis, within 10 days of Client's receipt of an invoice submitted in accordance with the terms of this Agreement.
For purposes of clarity, a Designated Continuing Employee’s Individual Monthly Bonus Amount shall be in addition to, and not in lieu of, any other consideration received by such person from his or her respective Employer.
Employee Personal Details Full Name: Xxxxxx LiakhovetskyI.D. Number: ####Address: ####Telephone Number (cell): ####E-mail: #### Position CTO Direct Manager CEO Monthly Salary Monthly Salary: 70,000 NIS (gross) Monthly Bonus Amount 35,000 Scope of Work Full time Notice Period (by the Companyor the Employee) 60 Days Pension Plan ☑ Entitled under Section 14 route.
Under the Program, the amount that each Designated Continuing Employee may obtain as a retention bonus (“Retention Bonus”) shall be, in the aggregate, the Individual Aggregate Bonus Amount, such amount to be paid in installments equal to the Individual Monthly Bonus Amount as set forth below.
This Program shall be deemed effective on the Merger Closing Date and shall terminate upon the payment of the final Individual Monthly Bonus Amount made in accordance with the terms herein.
As of January 2022, the Employee’s Monthly Bonus Amount shall be NIS 31,964 (gross) (i.e., the equivalent of 70% of the pro-rated Annual Bonus) on account of the Annual Bonus (section 2.a.i above).
The Participating Company shall pay the Participant, as severance, a cash amount equal to (i) the sum of the Participant’s Monthly Base Salary plus the Participant’s Monthly Bonus Amount, multiplied by (ii) the number of months set forth in the Participant’s Participation Agreement, subject to standard payroll deductions and withholdings, in a single lump sum on the 60th day following the date of the Change of Control Termination.
Such Designated Continuing Employee’s Employer shall make payment of such Individual Monthly Bonus Amount by adding such amounts to the payroll amounts to be paid by such Employer to such Designated Continuing Employee for the month in which such Individual Monthly Bonus Amount was earned.
The Monthly Bonus Amount shall be payable on a monthly basis, within 10 days of Company’s receipt of an invoice submitted in accordance with the terms of the Agreement.