Common use of Annual Bonus Payable Following Certain Terminations Clause in Contracts

Annual Bonus Payable Following Certain Terminations. In the event of a termination of Employee’s employment due to death, Permanent Disability, or in circumstances triggering Severance Payments under Section 3.5, Employee (or his beneficiaries following his death) shall be entitled to receive a pro rata portion of his Annual Bonus for the fiscal year in progress at the date of termination of employment, based on the actual performance achieved for the full fiscal year determined in good faith by the Committee and consistent with its determinations for senior executives who remain in service to the Company at the time of such determination. The pro rata portion shall be equal to the number of calendar days in the fiscal year through the applicable termination date divided by 365 (or 366 in a leap year). Payment of any Annual Bonus so earned shall be made by March 15 of the year following the year of Employee’s termination. For any Contract Year which ends with the non-renewal of this Agreement by the Company, the Annual Bonus for the fiscal year in progress at the end of such Contract Year shall be payable in the same way, treating such non-renewal as a qualifying termination for purposes of this Section 4.2.

Annual Bonus Payable Following Certain Terminations. In the event of a termination of Employee’s employment due to death, Permanent Disabilitydisability, or in circumstances triggering Severance Payments under Section 3.53.4, Employee (or his beneficiaries following his death) shall be entitled to receive a pro rata portion of his Annual Bonus for the fiscal year in progress at the date of termination of employment, based on the actual performance achieved for the full fiscal year determined in good faith by the Committee and consistent with its determinations for senior executives who remain in service to the Company at the time of such determination. The pro rata portion shall be equal to the number of calendar days in the fiscal year through the applicable termination date divided by 365 (or 366 in a leap year). Payment of any Annual Bonus so earned shall be made by March 15 of the year following the year of Employee’s termination. For any partial Contract Year which ends with the non-renewal of this Agreement by the CompanyAgreement, the Annual Bonus for the fiscal year in progress at the end of such Contract Year shall be payable on a pro rata basis in the same way, treating such non-renewal as a qualifying termination for purposes of this Section 4.2.

Annual Bonus Payable Following Certain Terminations. In the event of a termination of Employee’s employment due to death, Permanent Disability, or in circumstances triggering Severance Payments under Section 3.5, Employee (or his beneficiaries following his death) shall be entitled to receive a pro rata portion of his Annual Bonus for the fiscal year in progress at the date of termination of employment, based on the actual performance achieved for the full fiscal year determined in good faith by the Committee and consistent with its determinations for senior executives who remain in service to the Company at the time of such determination. The pro rata portion shall be equal to the number of calendar days in the fiscal year through the applicable termination date divided by 365 (or 366 in a leap year). Payment of any Annual Bonus so earned shall be made by March 15 of the year following the year of Employee’s termination. For any partial Contract Year which ends with the non-renewal of this Agreement by the CompanyAgreement, the Annual Bonus for the fiscal year in progress at the end of such Contract Year shall be payable on a pro rata basis in the same way, treating such non-renewal as a qualifying termination for purposes of this Section 4.24.1.

Annual Bonus Payable Following Certain Terminations. In the event of a termination of Employee’s employment due to death, Permanent Disabilitydisability, or in circumstances triggering Severance Payments under Section 3.53.4, Employee (or his beneficiaries following his death) shall be entitled to receive a pro rata portion of his Annual Bonus for the fiscal year in progress at the date of termination of employment, based on the actual performance achieved for the full fiscal year determined in good faith by the Committee and consistent with its determinations for senior executives who remain in service to the Company at the time of such determination. The pro rata portion shall be equal to the number of calendar days in the fiscal year through the applicable termination date divided by 365 (or 366 in a leap year). Payment of any Annual Bonus so earned shall be made by March 15 of the year following the year of Employee’s termination. For any partial Contract Year which ends with the non-renewal of this Agreement by the CompanyAgreement, the Annual Bonus for the fiscal year in progress at the end of such Contract Year shall be payable on a pro rata basis in the same way, treating such non-renewal as a qualifying termination for purposes of this Section 4.24.1.

Annual Bonus Payable Following Certain Terminations. In the event of a termination of Employee’s employment due to death, Permanent Disabilitydisability, or in circumstances triggering Severance Payments under Section 3.53.4, Employee (or his her beneficiaries following his her death) shall be entitled to receive a pro rata portion of his her Annual Bonus for the fiscal year in progress at the date of termination of employment, based on the actual performance achieved for the full fiscal year determined in good faith by the Committee and consistent with its determinations for senior executives who remain in service to the Company at the time of such determination. The pro rata portion shall be equal to the number of calendar days in the fiscal year through the applicable termination date divided by 365 (or 366 in a leap year). Payment of any Annual Bonus so earned shall be made by March 15 of the year following the year of Employee’s termination. For any partial Contract Year which ends with the non-renewal of this Agreement by the CompanyAgreement, the Annual Bonus for the fiscal year in progress at the end of such Contract Year shall be payable on a pro rata basis in the same way, treating such non-renewal as a qualifying termination for purposes of this Section 4.24.1.

Annual Bonus Payable Following Certain Terminations. In the event of a termination of Employee’s employment due to death, Permanent Disabilitydisability, or in circumstances triggering Severance Payments under Section 3.53.4, Employee (or his her beneficiaries following his her death) shall be entitled to receive a pro rata portion of his her Annual Bonus for the fiscal year in progress at the date of termination of employment, based on the actual performance achieved for the full fiscal year determined in good faith by the Committee and consistent with its determinations for senior executives who remain in service to the Company at the time of such determination. The pro rata portion shall be equal to the number of calendar days in the fiscal year through the applicable termination date divided by 365 (or 366 in a leap year). Payment of any Annual Bonus so earned shall be made by March 15 of the year following the year of Employee’s termination. For any partial Contract Year which ends with the non-renewal of this Agreement by the CompanyAgreement, the Annual Bonus for the fiscal year in progress at the end of such Contract Year shall be payable on a pro rata basis in the same way, treating such non-renewal as a qualifying termination for purposes of this Section 4.2.

Annual Bonus Payable Following Certain Terminations. In the event of a termination of Employee’s employment due to death, Permanent Disability, or in circumstances triggering Severance Payments under Section 3.5, Employee (or his her beneficiaries following his her death) shall be entitled to receive a pro rata portion of his her Annual Bonus for the fiscal year in progress at the date of termination of employment, based on the actual performance achieved for the full fiscal year determined in good faith by the Committee and consistent with its determinations for senior executives who remain in service to the Company at the time of such determination. The pro rata portion shall be equal to the number of calendar days in the fiscal year through the applicable termination date divided by 365 (or 366 in a leap year). Payment of any Annual Bonus so earned shall be made by March 15 of the year following the year of Employee’s termination. For any partial Contract Year which ends with the non-renewal of this Agreement by the CompanyAgreement, the Annual Bonus for the fiscal year in progress at the end of such Contract Year shall be payable on a pro rata basis in the same way, treating such non-renewal as a qualifying termination for purposes of this Section 4.24.1.

Annual Bonus Payable Following Certain Terminations. In the event of a termination of Employee’s employment due to death, Permanent Disability, or in circumstances triggering Severance Payments under Section 3.5, Employee (or his beneficiaries following his death) shall be entitled to receive a pro rata portion of his Annual Bonus for the fiscal year in progress at the date of termination of employment, based on the actual performance achieved for the full fiscal year determined in good faith by the Committee and consistent with its determinations for senior executives who remain in service to the Company at the time of such determination. The pro rata portion shall be equal to the number of calendar days in the fiscal year through the applicable termination date divided by 365 (or 366 in a leap year). Payment of any Annual Bonus so earned shall be made by March 15 of the year following the year of Employee’s termination. For any partial Contract Year which ends with the non-renewal of this Agreement by the CompanyAgreement, the Annual Bonus for the fiscal year in progress at the end of such Contract Year shall be payable on a pro rata basis in the same way, treating such non-renewal as a qualifying termination for purposes of this Section 4.2.

Annual Bonus Payable Following Certain Terminations. In the event of a termination of Employee’s employment following age 55 and five years of employment with the Company due to death, Permanent Disability, or in circumstances triggering Severance Payments under Section 3.5, Employee (or his beneficiaries following his death) shall be entitled to receive a pro rata portion of his Annual Bonus for the fiscal year in progress at the date of termination of employment, based on the actual performance achieved for the full fiscal year determined in good faith by the Committee and consistent with its determinations for senior executives who remain in service to the Company at the time of such determination. The pro rata portion shall be equal to the number of calendar days in the fiscal year through the applicable termination date divided by 365 (or 366 in a leap year). Payment of any Annual Bonus so earned shall be made by March 15 of the year following the year of Employee’s termination. For any partial Contract Year which ends with the non-renewal of this Agreement by the CompanyAgreement, the Annual Bonus for the fiscal year in progress at the end of such Contract Year shall be payable on a pro rata basis in the same way, treating such non-renewal as a qualifying termination for purposes of this Section 4.2.

Annual Bonus Payable Following Certain Terminations. In the event of a termination of Employee’s 's employment due to death, Permanent Disability, or in circumstances triggering Severance Payments under Section 3.5, Employee (or his beneficiaries following his death) shall be entitled to receive a pro rata portion of his Annual Bonus for the fiscal year in progress at the date of termination of employment, based on the actual performance achieved for the full fiscal year determined in good faith by the Committee and consistent with its determinations for senior executives who remain in service to the Company at the time of such determination. The pro rata portion shall be equal to the number of calendar days in the fiscal year through the applicable termination date divided by 365 (or 366 in a leap year). Payment of any Annual Bonus so earned shall be made by March 15 of the year following the year of Employee’s 's termination. For any partial Contract Year which ends with the non-renewal of this Agreement by the CompanyAgreement, the Annual Bonus for the fiscal year in progress at the end of such Contract Year shall be payable on a pro rata basis in the same way, treating such non-renewal as a qualifying termination for purposes of this Section 4.2.