Common use of Annual Variable Compensation Clause in Contracts

Annual Variable Compensation. Executive will be paid a prorated portion of annual variable compensation for the year in which Termination Date occurs, based on projected results as of Termination Date; such amount will be payable in the next calendar year when such payments are normally made, not later than two and one half months after the end of the year in which the Termination Date occurs.

Annual Variable Compensation. Executive will be paid a prorated portion of annual variable compensation for the year in which Termination Date occurs, based on projected results as of Termination Date; such amount will be payable in the next calendar year when such payments are normally made, not later than two and one half months after the end of the year in which the Termination Date occurs.