Examples of Year of Termination in a sentence
If any cash bonus pursuant to an Annual Incentive Plan in respect of a Performance Period which ended before the Year of Termination shall not have been paid to Executive on or before the Termination Date, the Company will pay Executive such bonus in the amount of Executive’s award earned for the Performance Period in the form of a single lump sum cash payment on the later of the 15th day following the Termination Date or the date that is 2-1/2 months following the end of the Performance Period.
The Pro Rata Bonus shall be payable when annual cash bonuses with respect to the Year of Termination are paid to other executives of your Employer.
In the event the Executive’s employment is terminated pursuant to Section 3(c), the Executive shall be required to repay the portion of the Draw that Executive received for the year in which the Date of Termination occurred (“Year of Termination”) minus any Outstanding Commission for the Year of Termination.
Reinstatement Must Occur Within the Calendar Year of Termination.
The Participant is entitled to a vested benefit of % of profit sharing contributions.The number of hours worked in the Plan Year of Termination: _ Please refer to your Plan Document for the vesting schedule.