Common use of Additional Payout Clause in Contracts

Additional Payout. (i) Employee shall be eligible to receive a payout equal to one and one-half times Employee’s annual target bonus percent established for the bonus year prior to the bonus year in which Employee’s date of termination is effective (or such greater percent as shall be designated by the Compensation Committee of the Company’s Board of Directors from time to time) multiplied by Employee’s annual base salary in effect as of the date of termination.

Appears in 2 contracts

Samples: Senior Management Severance and Change in Control Agreement (Mosaic Co), Control Agreement (Mosaic Co)

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Additional Payout. [(i) )] Employee shall be eligible to receive a payout equal to one and one-half times Employee’s annual target bonus percent established for the bonus year prior to the bonus year in which Employee’s date of termination is effective (or such greater percent as shall be designated by the Compensation Committee of the Company’s Board of Directors from time to time) multiplied by Employee’s annual base salary in effect as of the date of termination.

Appears in 1 contract

Samples: Senior Management Severance and Change in Control Agreement (Mosaic Co)

Additional Payout. [(i) )] Employee shall be eligible to receive a payout equal to one and one-half ___1 times Employee’s annual target bonus percent established for the bonus year prior to the bonus year in which Employee’s date of termination is effective (or such greater percent as shall be designated by the Compensation Committee of the Company’s Board of Directors from time to time) multiplied by Employee’s annual base salary in effect as of the date of termination.

Appears in 1 contract

Samples: Senior Management Severance and Change in Control Agreement (Mosaic Co)

Additional Payout. [(i) )] Employee shall be eligible to receive a payout equal to one and one-half times Employee’s annual target bonus percent established for the bonus year prior to the bonus year in which Employee’s date of termination is effective (or such greater percent as shall be designated by the Compensation Committee of the Company’s Board of Directors from time to time) multiplied by Employee’s annual base salary in effect as of the date of termination.

Appears in 1 contract

Samples: Senior Management Severance and Change in Control Agreement (Mosaic Co)

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Additional Payout. (i) Employee shall be eligible to receive a payout equal to one and one-half times Employee’s annual target bonus percent established for the bonus year prior to the bonus year in which Employee’s date of termination is effective (or such greater percent as shall be designated by the Compensation Committee of the Company’s Board of Directors from time to time) multiplied by Employee’s annual base salary in effect as of the date of termination.

Appears in 1 contract

Samples: Senior Management Severance and Change in Control Agreement (GNS II (U.S.) Corp.)

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