Common use of Accrued Bonus Clause in Contracts

Accrued Bonus. The Company shall pay Employee the pro rata amount of the annual bonus accrued under any applicable Company bonus program, which shall be determined by multiplying the maximum bonus available to Employee, if any, under any applicable Company bonus program, if any, by the ratio of the number of days in which Employee was employed with the Company or a subsidiary during the applicable bonus period to the number of days in such bonus period. Notwithstanding the foregoing, if the maximum bonus available under any applicable Company bonus program is indeterminable or otherwise unlimited, the amount of the accrued bonus payable under this Section 4(a)(iii) shall be limited to 100% of Employee’s Base Compensation.

Appears in 3 contracts

Samples: Severance and Change of Control Agreement (Microtune Inc), Severance and Change of Control Agreement (Microtune Inc), Severance and Change of Control Agreement (Microtune Inc)

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Accrued Bonus. The Company shall pay Employee the pro rata amount of the annual bonus accrued under any applicable Company bonus program, which shall be determined by multiplying the maximum bonus available to Employee, if any, under any applicable Company bonus program, if any, program by the ratio of the number of days in which Employee was employed with the Company or a subsidiary during the applicable bonus period to the number of days in such bonus period. Notwithstanding the foregoing, if the maximum bonus available under any applicable Company bonus program is indeterminable or otherwise unlimited, the amount of the accrued bonus payable under this Section 4(a)(iii4(b)(iii) shall be limited to 100% of Employee’s Base Compensation.

Appears in 3 contracts

Samples: Severance and Change of Control Agreement (Microtune Inc), Severance and Change of Control Agreement (Microtune Inc), Severance and Change of Control Agreement (Microtune Inc)

Accrued Bonus. The Company shall pay Employee the pro rata amount of the annual bonus accrued under any applicable Company bonus program, which shall be determined by multiplying the maximum bonus available to Employee, if any, under any applicable Company bonus program, if any, by the ratio of the number of days in which Employee was employed with the Company or a subsidiary during the applicable bonus period to the number of days in such bonus period. Notwithstanding the foregoing, if the maximum bonus available under any applicable Company bonus program is indeterminable or otherwise unlimited, the amount of the accrued bonus payable under this Section 4(a)(iii) shall be limited to 100% of Employee’s Base Compensation.

Appears in 1 contract

Samples: Change of Control Agreement (Microtune Inc)

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Accrued Bonus. The Company shall pay Employee the pro rata amount of the annual bonus accrued under any applicable Company bonus program, which shall be determined by multiplying the maximum bonus available to Employee, if any, under any applicable Company bonus program, if any, by the ratio of the number of days in which Employee was employed with the Company or a subsidiary during the applicable bonus period to the number of days in such bonus period. Notwithstanding the foregoing, if the maximum bonus available under any applicable Company bonus program is indeterminable or otherwise unlimited, the amount of the accrued bonus payable under this Section 4(a)(iii4(b)(iii) shall be limited to 100% of Employee’s Base Compensation.

Appears in 1 contract

Samples: Change of Control Agreement (Microtune Inc)

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