Accrued Bonus. The Company will pay you a lump sum equal to your annual target bonus in the year of your Separation, pro-rated based on the number of days that you are employed during the year of your Separation. Subject to the Company’s having first received an effective Release pursuant to Section 5(a) above, such payment will be made within sixty (60) days after your Separation; however, if such sixty (60)-day period spans two calendar years, then the payment will be made in the second calendar year.
Appears in 2 contracts
Samples: Letter Agreement (Boingo Wireless Inc), Letter Agreement (Boingo Wireless Inc)
Accrued Bonus. The Company will pay you a lump sum equal to your annual target bonus in the year of your Separation, pro-rated based on the number of days that you are employed during the year of your Separation. Subject to the Company’s having first received an effective Release pursuant to Section 5(a) above, such payment will be made within sixty (60) days after your Separation; however, if such sixty (60)-day period spans two calendar years, then the payment will be made in the second calendar year.
Appears in 1 contract
Accrued Bonus. The Company will pay you a lump sum equal to your annual target bonus in the year of your Separation, pro-rated based on the number of days that you are employed during the year of your Separation. Subject to the Company’s having first received an effective Release pursuant to Section 5(a) above, Xxxxx Xxxxxxxx April 1, 2013 such payment will be made within sixty (60) days after your Separation; however, if such sixty (60)-day period spans two calendar years, then the payment will be made in the second calendar year.
Appears in 1 contract
