Annual Incentive. To compensate the Executive for the current year's annual incentive, the Company shall pay to the Executive in a lump sum an amount equal to two times the aggregate amount paid to the Executive under Sections 4(b) for the most recently completed calendar year multiplied by a ratio whose numerator is the number of the current month as of the date of termination and the denominator is twelve.
Appears in 9 contracts
Samples: Employment Agreement (Hamilton Bancorp Inc), Employment Agreement (Hamilton Bancorp Inc), Employment Agreement (Hamilton Bancorp Inc)
Annual Incentive. To compensate the Executive for the current year's annual incentive, the Company shall pay to the Executive in a lump sum an amount equal to two times the aggregate amount paid to the Executive under Sections 4(b) for the most recently completed calendar year multiplied by a ratio whose numerator is the number of the current month as of the date of termination and the denominator is twelve.
Appears in 2 contracts
Samples: Employment Agreement (Hamilton Bancorp Inc), Employment Agreement (Hamilton Bancorp Inc)
Annual Incentive. To compensate the Executive for the current year's ’s annual incentive, the Company Companies shall pay to the Executive in a lump sum an amount equal to two times the aggregate amount paid awarded to the Executive under Sections Section 4(b) for the most recently completed calendar year multiplied by a ratio whose numerator is the number of the current month in the calendar year as of the date of termination and the denominator is twelve.
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