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Bonus Payment
Bonus Payment contract clause examples
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Bonus Severance Payment. Executive shall receive an additional severance payment in an amount equal to 100% of Executive’s target annual bonus in effect for the fiscal year in which the Termination Date occurs, paid on the first regular payroll date following the effective date of the Release, subject to any delay in payment required by [Section 7(e)].

Severance Payment. Executive will be paid an amount equal to [eighteen (18) months][twelve (12) months] Executive’s Annual Salary plus Executive’s Target Bonus in effect immediately prior [[Organization A:Organization]] Date of Termination, in a lump sum within sixty (60) days following the Date of Termination.

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