Amount in the Event. of a Termination Pursuant to Sections 7(a) or 7(c). In the event of a termination pursuant to Sections 7(a) or 7(c) of this Agreement, Employee shall be offered the opportunity to receive Incentive Payments in a total amount equal to 0.500 times the sum of Employee’s most recent annual base salary and target bonus, payable in equal installments on the same pay schedule in effect at the time of termination over a period of twelve (12) months from the date of termination.
Appears in 3 contracts
Samples: Officer Employment Agreement (Callaway Golf Co), Officer Employment Agreement (Callaway Golf Co), Officer Employment Agreement (Callaway Golf Co)
Amount in the Event. of a Termination Pursuant to Sections 7(a) or 7(c). In the event of a termination pursuant to Sections 7(a) or 7(c) of this Agreement, Employee shall be offered the opportunity to receive Incentive Payments in a total amount equal to 0.500 0.750 times the sum of Employee’s most recent annual base salary and target bonus, payable in equal installments on the same pay schedule in effect at the time of termination over a period of twelve eighteen (1218) months from the date of termination.
Appears in 2 contracts
Samples: Officer Employment Agreement (Callaway Golf Co), Officer Employment Agreement (Callaway Golf Co)
Amount in the Event. of a Termination Pursuant to Sections 7(a) or 7(c). In the event of a termination pursuant to Sections 7(a) or 7(c) of this Agreement, Employee shall be offered the opportunity to receive Incentive Payments in a total amount equal to 0.500 times at the sum rate of Employee’s most recent annual then current base salary and target bonusfrom the date of termination until December 15, 2012 (prorated for any partial years), which payments shall be payable in equal installments on the same pay schedule as in effect at the time of termination over a period of twelve (12) months from the date of termination.
Appears in 1 contract
Samples: Chief Executive Officer Employment Agreement (Callaway Golf Co)
Amount in the Event. of a Termination Pursuant to Sections 7(a) or 7(c). In the event of a termination pursuant to Sections 7(a) or 7(c) of this Agreement, Employee shall be offered the opportunity to receive Incentive Payments in a total amount equal to 0.500 times at the sum rate of Employee’s most recent annual then current base salary and target bonusfrom the date of termination until December 15, 2011 (prorated for any partial years), which payments shall be payable in equal installments on the same pay schedule as in effect at the time of termination over a period of twelve (12) months from the date of termination.. 7 Xxxxxx Xxxxxxx
Appears in 1 contract
Samples: Chief Executive Officer Employment Agreement (Callaway Golf Co)
