Common use of Annual Bonus Clause in Contracts

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 22 contracts

Samples: Change of Control (Mdu Resources Group Inc), Change of Control (Mdu Resources Group Inc), Change of Control (Mdu Resources Group Inc)

AutoNDA by SimpleDocs

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Management Incentive Compensation Bonus Plan, or any comparable bonus under any predecessor or successor planplans, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 14 contracts

Samples: Employment Agreement (Regions Financial Corp), Employment Agreement (Regions Financial Corp), Employment Agreement (Regions Financial Corp)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the average of the Executive's highest ’s bonus under the Company's Executive Incentive Compensation Plan, ’s annual incentive bonus plan or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Change of Control Date (annualized in the event that the Executive was not employed by the Company for the whole of any such fiscal year) (the "Recent “Average Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third second month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 14 contracts

Samples: Change of Control (Kewaunee Scientific Corp /De/), Change of Control Employment Agreement (Kewaunee Scientific Corp /De/), Change of Control (Kewaunee Scientific Corp /De/)

Annual Bonus. In addition to Annual Base Salary, the Executive Employee shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the ExecutiveEmployee's highest bonus under the CompanyEmployer's Executive Management Incentive Compensation Bonus Plan, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive Employee was not employed by the Company Employer for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive Employee shall elect to defer the receipt of such Annual Bonus.

Appears in 13 contracts

Samples: Employment Agreement (Quanta Services Inc), Employment Agreement (Quanta Services Inc), Employment Agreement (Quanta Services Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's ’s highest bonus under annual incentive plans of the Company's Executive Incentive Compensation Plan, Company or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 10 contracts

Samples: Change of Control Employment Agreement (Landamerica Financial Group Inc), Change of Control Employment Agreement (Landamerica Financial Group Inc), Change of Control Employment Agreement (Landamerica Financial Group Inc)

Annual Bonus. In addition to the Annual Base Salary, the ------------ Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive Compensation Planannual incentive plans, or any comparable bonus under any predecessor or successor planplans, for the last three full fiscal years prior to the Effective Date (annualized annualized, in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 8 contracts

Samples: Employment Agreement (National Commerce Bancorporation), Employment Agreement (National Commerce Bancorporation), Employment Agreement (National Commerce Bancorporation)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (hereinafter referred to as the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive Compensation Plan, incentive bonus program or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (hereinafter referred to as the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 7 contracts

Samples: Change of Control Employment Agreement (Littelfuse Inc /De), Change of Control Employment Agreement (Littelfuse Inc /De), Change of Control Employment Agreement (Littelfuse Inc /De)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the average of the Executive's highest bonus under the Company's Executive Annual Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, for each of the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.. (iii)

Appears in 7 contracts

Samples: Employment Agreement Agreement (Westvaco Corp), Employment Agreement Agreement (Westvaco Corp), Employment Agreement Agreement (Westvaco Corp)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Annual Incentive Compensation Bonus Plan, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 6 contracts

Samples: Control Employment Agreement (Cameron Ashley Building Products Inc), Control Employment Agreement (Cameron Ashley Building Products Inc), Control Employment Agreement (Cameron Ashley Building Products Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awardedeligible to receive, for each fiscal year ending during the Employment Period, an a target annual bonus (the "Annual Bonus") in cash at least equal to the greater of (A) the Executive's highest ’s target annual bonus under the Company's Executive Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to in effect on the Effective Date and (B) the average (annualized for any fiscal year in the event that which the Executive was not has been employed by the Company for less than 12 full months) target bonus for which the whole of such Executive was eligible in the three fiscal year) (years immediately preceding the "Recent Annual Bonus")fiscal year in which the Effective Date occurs. Each such Annual Bonus earned shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, earned unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 6 contracts

Samples: Change of Control Agreement (Puget Sound Energy Inc), Change of Control Agreement (Puget Sound Energy Inc), Change of Control Agreement (Puget Energy Inc /Wa)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's annual Executive Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized annualized, in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 6 contracts

Samples: Change of Control Employment Agreement (Investors Financial Services Corp), Change of Control Employment Agreement (Investors Financial Services Corp), Change of Control Employment Agreement (Investors Financial Services Corp)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the average of the Executive's highest ’s bonus under the Company's Executive Incentive Compensation Plan, ’s annual incentive bonus plan or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Change of Control Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent “Average Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third second month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 5 contracts

Samples: Change of Control (Kewaunee Scientific Corp /De/), Change of Control (Kewaunee Scientific Corp /De/), Change of Control (Kewaunee Scientific Corp /De/)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the average of the Executive's highest bonus under the Company's Executive Incentive Compensation Plan, annual incentive bonus plan or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Change of Control Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Average Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third second month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 5 contracts

Samples: Employment Agreement (Kewaunee Scientific Corp /De/), Change of Control Employment Agreement (Kewaunee Scientific Corp /De/), Change of Control Employment Agreement (Kewaunee Scientific Corp /De/)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's ’s highest bonus under the Company's ’s Executive Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, or otherwise, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than two and one half months following the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awardedearned, unless the Executive shall elect have elected to defer the receipt of such Annual Bonus.

Appears in 5 contracts

Samples: Change of Control Employment Agreement (Peoples Banctrust Co Inc), Control Employment Agreement (Peoples Banctrust Co Inc), Employment Agreement (Peoples Banctrust Co Inc)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive Compensation Planor an affiliated company's annual incentive plans, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized annualized, in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 5 contracts

Samples: Employment Agreement (Kellogg Co), Employment Agreement (Kellogg Co), Employment Agreement (Kellogg Co)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive [Annual Incentive Compensation PlanPlans], or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 4 contracts

Samples: Change of Control Agreement (Avista Corp), Toro Company Employment Agreement (Toro Co), Toro Company Employment Agreement (Toro Co)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive Compensation Plan, average annualized (for any fiscal year consisting of less than twelve full months or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior with respect to the Effective Date (annualized in the event that which the Executive was not has been employed by the Company for the whole of such fiscal yearless than twelve full months) bonus (the "Recent Average Annual Bonus")) paid or payable to the Executive by the Company and its affiliated companies in respect of the three fiscal years immediately preceding the fiscal year in which the Effective Date occurs. Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual BonusBonus pursuant to deferral plans of the Company.

Appears in 4 contracts

Samples: 26 Agreement (Vivid Technologies Inc), Agreement (Fleet Financial Group Inc), Agreement (Vivid Technologies Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus aggregate amount awarded to the Executive under all annual bonus, incentive and other similar plans of the Company's Executive Incentive Compensation Plan, or Company with respect to any comparable bonus under any predecessor or successor plan, for of the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 4 contracts

Samples: Employment Agreement (Forest Laboratories Inc), Employment Agreement (Forest Laboratories Inc), Employment Agreement (Forest Laboratories Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under annual incentive plans of the Company's Executive Incentive Compensation Plan, Company and its affiliated companies or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 3 contracts

Samples: Control Employment Agreement (Hilb Rogal & Hamilton Co /Va/), Employment Agreement (Universal Corp /Va/), Employment Agreement (Hilb Rogal & Hamilton Co /Va/)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Protected Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive Compensation Planannual incentive plans, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 3 contracts

Samples: Change of Control Agreement (Rockwell International Corp), Change of Control Agreement (Rockwell International Corp), Change of Control Agreement (Rockwell International Corp)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive Compensation Performance Award and Cash Bonus Plan, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 3 contracts

Samples: Employment Agreement (Transocean Offshore Inc), Employment Agreement (Transocean Offshore Inc), Employment Agreement (Transocean Offshore Inc /New/)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Employment Agreement or the Company's Executive Incentive Compensation Plan, annual contingent (or incentive) compensation plans or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 3 contracts

Samples: Employment Agreement (Stone & Webster Inc), Control Employment Agreement (Stone & Webster Inc), Control Employment Agreement (Stone & Webster Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's ’s highest bonus under the Company's Executive ’s EVA Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 3 contracts

Samples: Change of Control Employment Agreement (Webster Financial Corp), Change of Control Employment Agreement (Webster Financial Corp), Change of Control Employment Agreement (Webster Financial Corp)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's ’s highest bonus under the Company's ’s Executive Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 3 contracts

Samples: Employment Agreement (Schering Plough Corp), Employment Agreement (Schering Plough Corp), Employment Agreement (Schering Plough Corp)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive Compensation Planapplicable annual cash bonus plans, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized annualized, in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 3 contracts

Samples: Employment Agreement (Mirage Resorts Inc), Employment Agreement (Mirage Resorts Inc), Employment Agreement (Mirage Resorts Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash in an amount (the "Annual Bonus Amount") at least equal to the Executive's highest bonus Annual Bonus opportunity for the most recent year for which an annual Bonus opportunity was established before the Effective Date under the Company's Executive Incentive Compensation Planthen annual incentive plan or program, or any comparable bonus under any predecessor or successor plan, adjusted by the average of the Executive's individual performance rating for each of the last three full fiscal most recent years prior to ended before the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus")Date, but eliminating any corporate performance measure. Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 3 contracts

Samples: Control Agreement (Axcelis Technologies Inc), Change of Control Agreement (Axcelis Technologies Inc), Change of Control Agreement (Axcelis Technologies Inc)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Change of Control Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's ’s highest bonus under the Company's Executive Incentive Compensation Plan’s annual and long-term incentive plans, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized annualized, in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 3 contracts

Samples: Change of Control Agreement (Collective Brands, Inc.), Change of Control Agreement (Collective Brands, Inc.), Change of Control Agreement (Collective Brands, Inc.)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Management Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 3 contracts

Samples: Employment and Severance Agreement (Universal Foods Corp), Employment and Severance Agreement (Universal Foods Corp), Employment and Severance Agreement (Universal Foods Corp)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Annual Incentive Compensation Plan, or any comparable bonus under any predecessor or successor annual incentive plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 2 contracts

Samples: Change of Control Agreement (Dial Corp /New/), Change of Control Agreement (Dial Corp /New/)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under Annual Target Bonus, where the "Annual Target Bonus" is an amount equal to the Annual Base Salary times the Executive Annual Compensation Plan Total Target Percentage (as most recently approved by the Company's Executive Incentive Compensation PlanBoard of Directors or Human Resources Committee for the year in which the Effective Date occurs), or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 2 contracts

Samples: Special Severance Agreement (Carpenter Technology Corp), Special Severance Agreement (Carpenter Technology Corp)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash in an amount (the “Annual Bonus Amount”) at least equal to the Executive's highest bonus ’s Annual Bonus opportunity for the most recent year for which an annual Bonus opportunity was established before the Effective Date under the Company's Executive Incentive Compensation Plan’s then annual incentive plan or program, or any comparable bonus under any predecessor or successor plan, adjusted by the average of the Executive’s individual performance rating for each of the last three full fiscal most recent years prior to ended before the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus")Date, but eliminating any corporate performance measure. Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 2 contracts

Samples: Change of Control Agreement (Axcelis Technologies Inc), Change of Control Agreement (Axcelis Technologies Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's ’s highest bonus under annual incentive plans of the Company's Executive Incentive Compensation Plan, Company and its affiliated companies or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 2 contracts

Samples: Employment Agreement (Universal Corp /Va/), Control Employment Agreement (Hilb Rogal & Hobbs Co)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the average of the Executive's highest bonus bonuses paid under the Company's Executive Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Average Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless and to the extent that the Executive shall elect to defer the receipt of all or a portion of such Annual Bonus.

Appears in 2 contracts

Samples: Management Continuity Agreement (General Mills Inc), Management Continuity Agreement (General Mills Inc)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (hereinafter referred to as the "Annual Bonus"OAnnual BonusO) in cash at least equal to the Executive's ExecutiveOs highest bonus under the Company's Executive Incentive Compensation Plan, CompanyOs incentive bonus program or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (hereinafter referred to as the "Recent ORecent Annual Bonus"BonusO). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 2 contracts

Samples: Littelfuse Inc /De, Littelfuse Inc /De

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Annual Incentive Compensation PlanPlans, or any comparable bonus under any predecessor or successor plan, for the last three (3) full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 2 contracts

Samples: Change of Control Agreement (Avista Corp), Change of Control Agreement (Avista Corp)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Change of Control Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive Compensation Planannual and long-term incentive plans, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized annualized, in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 2 contracts

Samples: Change of Control Agreement (Payless Shoesource Inc /De/), Change of Control Agreement (Payless Shoesource Inc /Mo/)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive 1977 Supplemental Compensation Plan, as amended and restated, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 2 contracts

Samples: Employment Agreement (Federal Mogul Corp), Employment Agreement (Federal Mogul Corp)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the average of the Executive's highest bonus under the Company's Executive Annual Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, for each of the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 2 contracts

Samples: Employment Agreement Agreement (Westvaco Corp), Employment Agreement Agreement (Westvaco Corp)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Management Incentive Plan, or Executive Incentive Compensation Plan, as applicable, or any comparable annual bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 2 contracts

Samples: Employment Agreement (Central Hudson Gas & Electric Corp), Employment Agreement (Central Hudson Gas & Electric Corp)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Protected Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's ’s highest bonus under the Company's Executive Incentive Compensation Plan’s annual incentive plans, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual BonusBonus pursuant to the terms and conditions of the Company’s Deferred Compensation Plan.

Appears in 2 contracts

Samples: Change of Control Agreement (Rockwell Automation Inc), Change of Control Agreement (Rockwell Automation Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual the"Annual Bonus") in cash at least equal to the Executive's highest bonus (including any bonus deferred by the executive) under the Company's Executive Incentive Compensation Planbonus plan, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 2 contracts

Samples: Employment Agreement (Graphic Packaging International Corp), Employment Agreement (Graphic Packaging International Corp)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's ’s highest bonus (including any bonus deferred by the Executive) under the Company's Executive Incentive Compensation Plan’s bonus plan, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 2 contracts

Samples: Executive Employment Agreement (Graphic Packaging Corp), Employment Agreement (Graphic Packaging International Corp)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under Annual Target Bonus, where the “Annual Target Bonus” is an amount equal to the Annual Base Salary times the Executive Annual Compensation Plan Total Target Percentage (as most recently approved by the Company's Executive Incentive Compensation Plan’s Board of Directors or Human Resources Committee for the year in which the Effective Date occurs), or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 2 contracts

Samples: Special Severance Agreement (Carpenter Technology Corp), Special Severance Agreement (Carpenter Technology Corp)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive Compensation Planannual and long-term incentive plans, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized annualized, in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 2 contracts

Samples: Change of Control Agreement (Payless Shoesource Inc /De/), Change of Control Agreement (Payless Shoesource Inc /De/)

Annual Bonus. In addition to Annual Base Salary, the Executive Employee shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's Employee’s highest bonus under the Company's Executive Employer’s Management Incentive Compensation Bonus Plan, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive Employee was not employed by the Company Employer for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive Employee shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Quanta Services Inc)

Annual Bonus. In addition to Annual Base Salary, the ------------ Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under annual incentive plans of the Company's Executive Incentive Compensation Plan, Company or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Change of Control (Landamerica Financial Group Inc)

AutoNDA by SimpleDocs

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Change of Control Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's ’s highest bonus under the Company's Executive Incentive Compensation Plan’s [annual and long-term] incentive plans, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized annualized, in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Change of Control Agreement (Collective Brands, Inc.)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Change of Control Period, an annual bonus (the "Annual BonusANNUAL BONUS") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive Compensation Planannual and long-term incentive plans, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized annualized, in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual BonusRECENT ANNUAL BONUS"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Change of Control Agreement (Payless Shoesource Inc /De/)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest average annual bonus under paid or payable to the Company's Executive Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, for by the last Company and its affiliated companies in respect of the three full fiscal years prior to the Effective Date (annualized in the event that for any fiscal year consisting of less than twelve full months or with respect to which the Executive was not has been employed by the Company for less than twelve full months) immediately preceding the whole of such fiscal year) year in which the Effective Date occurs (the "Recent Annual Average Bonus"). Each such Annual Such annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.. (iii)

Appears in 1 contract

Samples: Change of Control Agreement (Jitney Jungle Stores of America Inc /Mi/)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's ’s highest bonus under the Company's ’s Executive Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, or otherwise, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Amsouth Bancorporation)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Protected Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's ’s highest bonus under the Company's Executive Incentive Compensation Plan’s annual incentive plans, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Change of Control Agreement (Rockwell Automation Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest average annual bonus under paid or payable to the Company's Executive Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, for by the last Company and its affiliated companies in respect of the three full fiscal years prior to the Effective Date (annualized in the event that for any fiscal year consisting of less than twelve full months or with respect to which the Executive was not has been employed by the Company for less than twelve full months) immediately preceding the whole of such fiscal year) year in which the Effective Date occurs (the "Recent Annual Average Bonus"). Each such Annual Such annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Change of Control Agreement (Jitney Jungle Stores of America Inc /Mi/)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Change of Control Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's ’s highest bonus under the Company's Executive Incentive Compensation PlanCompany ’s annual and long-term incentive plans, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized annualized, in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Change of Control Agreement (Collective Brands, Inc.)

Annual Bonus. In addition to Annual Base Salary, the Executive Employee shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executiveexecutive's highest target bonus under the Company's Executive Annual Incentive Compensation Plan, or any comparable bonus under any predecessor or a successor plan, for the last three full fiscal years year prior to the Effective Date Change of Control (annualized in the event that the Executive Employee was not employed by the Company for the whole of such fiscal year) (( the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive Employee shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Melamine Chemicals Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive Compensation Planannual incentive plan, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Lee Enterprises Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive [Management Incentive Compensation Plan], or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Employment and Severance Agreement (Universal Foods Corp)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Change of Control Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's ’s highest bonus under the Company's Executive Incentive Compensation Plan’s annual and long-term incentive plans, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Ef- fective Date (annualized annualized, in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Change of Control Agreement (Collective Brands, Inc.)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus (whether in cash or Common Stock of the Company) under the Company's Executive Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, annual incentive program for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Change of Control Agreement (Weatherford Enterra Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") pursuant to the Company's Management Incentive Plan, pro rated in cash at least equal to the case of a bonus for any year during which the Executive was employed for less than 12 months; provided, however, after the Effective Date, the Annual Bonus shall be no less than the Executive's highest bonus Target Bonus under the Company's Executive Management Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, Plan for the last three full fiscal years year prior to the Effective Date (annualized year in which the event that the Executive was not employed by the Company for the whole Change of such fiscal year) Control occurs (the "Recent Annual Minimum Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (James River Corp of Virginia)

Annual Bonus. In addition to Annual Base Salary, the ------------ Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, or otherwise, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Amsouth Bancorporation)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest cash bonus under the Company's Executive Incentive Compensation Planannual incentive plans, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (American Commercial Lines LLC)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Management Incentive Compensation Plan, or any comparable bonus under any predecessor or successor annual incentive plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Change of Control Agreement (Dial Corp /New/)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive Compensation Plan, annual cash bonus incentive plan or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Arvin Industries Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Office Incentive Compensation Plan, Plan or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Change of Control (National Semiconductor Corp)

Annual Bonus. In Except as provided in Section 2 hereof, in addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus (whether in cash or Common Stock of the Company) paid or payable under the Company's Executive Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, annual incentive program for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Change of Control Agreement (Weatherford Enterra Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's ’s highest bonus under annual incentive plans of the Company's Executive Incentive Compensation Plan, Company and its affiliated companies or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus. For purposes of this Agreement, in calculating any amount which may be due as a result of a Change of Control or termination without proper cause, the Executive shall be deemed to have received a bonus of $288,000 on October 15, 2005.

Appears in 1 contract

Samples: Hilb Rogal & Hobbs Co

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under annual incentive plans of the Company's Executive Incentive Compensation Plan, Company or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Change of Control Employment Agreement (Landamerica Financial Group Inc)

Annual Bonus. In addition to Annual Base ------------ Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under annual incentive plans of the Company's Executive Incentive Compensation Plan, Company or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual BonusBonus under any Company executive deferral plan then in effect.

Appears in 1 contract

Samples: Change of Control (Open Plan Systems Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Schering Plough Corp)

Annual Bonus. In addition to Annual Base Salary, the Executive Employee shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executiveexecutive's highest target bonus under the Company's Executive Annual Incentive Compensation Plan, or any comparable bonus under any predecessor or a successor plan, for the last three full fiscal years year prior to the Effective Date Change of Control (annualized in the event that the Executive Employee was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive Employee shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Melamine Chemicals Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Office Incentive Compensation Plan, Plan or any comparable any.comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Change of Control Employment Agreement (National Semiconductor Corp)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive EVA Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Change of Control Employment Agreement (Webster Financial Corp)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Annual Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Control Employment Agreement (Offshore Logistics Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive Compensation Plan, annual contingent (or incentive) compensation plans or any comparable bonus under any predecessor or successor plan, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Stone & Webster Inc)

Annual Bonus. In addition to Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest bonus under the Company's Executive Incentive Variable Compensation Plan, or any comparable bonus or retention amount under any predecessor or successor planplan or retention agreement, for the last three full fiscal years prior to the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) (the "Recent Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Employment Agreement (Unisys Corp)

Annual Bonus. In addition to the Annual Base Salary, the Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the "Annual Bonus") in cash at least equal to the Executive's highest target annual bonus under the Company's Executive annual Incentive Compensation Plan, or any comparable bonus under any predecessor or successor plan, at the highest target rate in effect for the last three full fiscal years prior to 12-month period immediately preceding the month in which the Effective Date (annualized in the event that the Executive was not employed by the Company for the whole of such fiscal year) occurs (the "Recent Pre-Change Target Annual Bonus"). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless the Executive shall elect to defer the receipt of such Annual Bonus.

Appears in 1 contract

Samples: Control Agreement (Maytag Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.