Active Employment. Executive must remain an active employee through the end of the bonus year. Executive forfeits any bonus for which he would otherwise be eligible, if his employment terminates for any reason before the end of the bonus year. No prorated bonus can be earned.
Appears in 3 contracts
Samples: Employee Agreement (Molecular Devices Corp), Key Employee Agreement (Molecular Devices Corp), Key Employee Agreement (Molecular Devices Corp)
Active Employment. Executive must remain an active employee through the end of the bonus year. Executive forfeits any bonus for which he would otherwise be eligible, eligible if his employment terminates for any reason before the end of the bonus year. No Except as provided above for 1996, no prorated bonus can be earned.
Appears in 1 contract
Samples: Employee Agreement (Paradyne Corp)
Active Employment. Executive must remain an active employee through the end of the bonus year. Executive forfeits any bonus for which he would otherwise be eligible, eligible if his employment terminates for any reason before the end of the bonus year. No prorated bonus can be earned.
Appears in 1 contract
Samples: Employee Agreement (Paradyne Corp)
