Termination Year Bonus means the annual incentive bonus which would have been earned by the Executive under the Company’s Senior Management Incentive Plan or any comparable successor plan if the Executive had remained employed by the Company for the full fiscal year in which the Date of Termination occurs or such later date as may be required for the Executive to be entitled to receipt of the bonus.
Termination Year Bonus means a pro rata portion (based upon the period ending on the Termination Date) of the incentive bonus that would have been payable to the Executive for the applicable Bonus Period in which the Termination Date occurs if he was in Continuous Service for the entire Bonus Period.
Termination Year Bonus means Bonus payable under Section 4(b) hereof for the Bonus Period in which the Executive’s employment with the Company terminates for any reason.
Examples of Termination Year Bonus in a sentence
In the event that the Term of Employment is terminated due to the Executive’s Disability, the Executive shall be entitled (i) to the Accrued Obligations payable as and when those amounts would have been payable had the Term of Employment not ended and (ii) the Termination Year Bonus, payable within fourteen (14) days of the Termination Date.
In the event that the Term of Employment is terminated due to the Executive’s death, the Executive or Executive’s estate shall be entitled to (i) the Accrued Obligations payable as and when those amounts would have been payable had the Term of Employment not ended and (ii) the Termination Year Bonus, payable within fourteen (14) days of the Termination Date.
More Definitions of Termination Year Bonus
Termination Year Bonus means Bonus payable under Section 4(b)(ii) hereof for the Bonus Period in which the Executive’s employment with the Company terminates for any reason.
Termination Year Bonus means the product of (i) a Participant’s actual annual incentive cash compensation for the fiscal year in which he or she ceases Employee status, calculated (based on the Company’s actual performance metrics for such fiscal year) after the conclusion of such fiscal year, that the Participant would have received if the Participant had remained in continuous Employee status through the entire fiscal year (and any additional period of time necessary to be eligible to receive such annual incentive cash compensation for such fiscal year) and (ii) a fraction, the numerator of which is the number of full calendar months of Employee service by such Participant in the fiscal year in which he or she ceases Employee status, and the denominator of which is twelve (12).
Termination Year Bonus means the product of (i) a Participant’s actual annual incentive cash compensation for the fiscal year in which he or she ceases Employee status, calculated (based on the Company’s actual performance metrics for such fiscal year) after the conclusion of such fiscal year, that the Participant would have received if the Participant had remained in continuous Employee status through the entire fiscal year (and any additional period of time
Termination Year Bonus means the product of (i) a Participant’s actual annual incentive cash compensation for the fiscal year in which he or she ceases Employee status, calculated (based on the Company’s actual performance metrics for such fiscal year) after
Termination Year Bonus means the annual incentive bonus which would have been earned by the Participant under the Company’s Senior Management Incentive Plan or any comparable successor plan if the Participant had remained employed by the Company for the full fiscal year in which the Termination Date occurs.
Termination Year Bonus as that term is defined in Section 1(hh) of the 2010 Employment Agreement.
Termination Year Bonus means an amount equal to (1) the Participant’s Annual Bonus Rate multiplied by (2) a ratio, the numerator of which is number of days elapsed during the Company fiscal year of the Participant’s Involuntary Termination prior to the date of the Participant’s termination of employment, and the denominator of which is the total number of days contained in such Company fiscal year.