Example ContractsClausesannual discretionary bonus programVariants
Annual Discretionary Bonus Program
Annual Discretionary Bonus Program contract clause examples

Employee shall be promptly paid a lump sum payment equal to one times her current annual base salary plus one times the higher of the most recent annual bonus paid to her under the Annual Incentive Program or her target bonus amount as of the date immediately prior to the change in control under the Annual Incentive Program;

Employee shall be promptly paid a lump sum payment equal to one times his current annual base salary plus one times the higher of the Employee's then current target bonus or most recent actual bonus amount under the Annual Incentive Program as in effect on the date immediately prior to the changes in control;

Employee shall be promptly paid a lump sum payment equal to one times his current annual base salary plus one times the higher of the Employee's then current target bonus or most recent actual bonus amount under the Annual Incentive Program as in effect on the date immediately prior to the changes in control;

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