Example ContractsClausesBonus Payment
Bonus Payment
Bonus Payment contract clause examples

Bonus Payment” means the sum of (a) a pro-rated portion of your target bonus amount for the year in which your Separation occurs and (b) 100% of your target bonus amount for the year in which your Separation occurs.

Bonus Payment. Executive will receive a single lump sum cash payment (less applicable withholding taxes) in an amount equal to 16.7% of the Executive’s then-current base salary, prorated based on the percentage of the current year completed prior to Executive’s termination.

Bonus Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred fifty percent (150%) of Executive’s annual bonus for the year of termination at target level as in effect immediately prior to Executive’s termination date (and for purposes of clarification, if Executive’s annual bonus target is expressed as a percentage of Executive’s annual base salary and Executive’s termination is due to a resignation for Good Reason based on a material reduction in base salary, then the payment to be made pursuant to this section will be calculated based on Executive’s annual base salary in effect immediately prior to such reduction), or, if greater, at the level in effect immediately prior to the Change of Control.

Bonus Payment. Executive will receive a single lump sum cash payment (less applicable withholding taxes) in an amount equal to 16.7% of the Executive’s then-current base salary, prorated based on the percentage of the current year completed prior to Executive’s termination.

Bonus Payment. Upon the consummation of the Merger, KCAC or the Company shall pay to the Employee a one-time cash bonus equal to 20% of the Employee’s then annual base salary, less applicable withholdings (the “Bonus Payment”), which will be paid on the first regularly scheduled payroll date following the closing of the Merger and in any event within thirty (30) days after the closing of the Merger.

Bonus Payment. Upon the consummation of the Merger, KCAC or the Company shall pay to the Employee a one-time cash bonus equal to 20% of the Employee’s then annual base salary, less applicable withholdings (the “Bonus Payment”), which will be paid on the first regularly scheduled payroll date following the closing of the Merger and in any event within thirty (30) days after the closing of the Merger.

Bonus Payment” means the sum of (a) a pro-rated portion of your target bonus amount for the year in which your Separation occurs and (b) 150% of your target bonus amount for the year in which your Separation occurs.

Bonus Payment: Whether I sign this Agreement or not, I will be eligible to participate in the Company’s annual bonus program. My annual target bonus amount is $350,000 for fiscal year 2018, though the actual amount may differ. My bonus will be paid when all other corporate bonuses are paid in October 2018, less all applicable federal, state and local taxes and withholdings. Any bonus I may earn during fiscal year 2019 has been included in my separation payment under Section 1(d).

Bonus Payment. Executive will receive a lump-sum payment (less applicable withholding taxes) equal to one hundred percent (100%) of Executive’s annual bonus for the year of termination at target level as in effect immediately prior to Executive’s termination date (and for purposes of clarification, if Executive’s annual bonus target is expressed as a percentage of Executive's annual base salary and Executive’s termination is due to a resignation for Good Reason based on a material reduction in base salary, then the payment to be made pursuant to this section will be calculated based on Executive’s annual base salary in effect immediately prior to such reduction), or, if greater, at the level in effect immediately prior to the Change of Control.

Bonus Payment. Aduro agrees that Employee will be eligible for his bonus for the period of January 1, 2017 to December 31, 2017, as calculated under the policies of Aduro. This payment will be subject to all applicable deductions required by federal, state and local law. The net amount will be paid to Employee in a lump sum on or before that date that bonuses are paid to other employees.

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