Common use of Average Bonus Clause in Contracts

Average Bonus. Average Bonus" shall mean the average of the last three (3) annual bonus payments, if any, to Executive under HMI’s Annual Incentive Cash Bonus Plan immediately preceding the Change of Control.

Appears in 1 contract

Sources: Management Continuity Agreement (Herman Miller Inc)

Average Bonus. Average Bonus" shall mean the average of the last three (3) annual bonus payments, if any, to Executive under HMIMLKN’s Annual Incentive Cash Bonus Plan immediately preceding the Change of Control.

Appears in 1 contract

Sources: Management Continuity Agreement (Millerknoll, Inc.)