Common use of Base Salary and Annual Bonus Clause in Contracts

Base Salary and Annual Bonus. The Company shall pay Executive an amount equal to the sum of Executive’s Base Salary plus Executive’s Average Target Bonus Amount multiplied by three (3). For purposes of this Section 3.8.1, Average Annual Bonus means the amount equal to the annual average of the Annual Bonuses earned in respect of a fiscal year of the Company that was paid or payable to Executive by the Company and any affiliate for each of the three fiscal years of the Company that immediately precede the fiscal year in which the Change of Control occurs, but not less than the greater of (A) Executive’s highest annual target bonus during any of such three preceding fiscal years or (B) Executive’s targeted bonus for the fiscal year in which the Change of Control occurs. Such amounts shall be paid on the sixtieth (60th) day following the Termination Date, provided, however, that if Executive’s termination of employment is an Anticipatory Termination, such amount shall be paid on the sixtieth (60th) day immediately following the Change of Control and shall be reduced by any payment previously made under Section 3.4.1.

Base Salary and Annual Bonus. The Company shall pay Executive an amount equal to the sum of Executive’s Base Salary plus Executive’s Average Target Bonus Amount Amount, multiplied by three (3). For purposes of this Section 3.8.1, “Average Annual Bonus Bonus” means the amount equal to the annual average of the Annual Bonuses annual bonuses earned in respect of a fiscal year of the Company that was paid or payable to Executive by the Company and any affiliate for each of the three fiscal years of the Company that immediately precede the fiscal year in which the Change of Control occurs, but not less than the greater of (A) Executive’s highest annual target bonus during any of such three preceding fiscal years or (B) Executive’s targeted bonus for the fiscal year in which the Change of Control occurs. Such amounts shall be paid on the sixtieth (60th) day following the Termination Date, provided, however, that if Executive’s termination of employment is an Anticipatory Termination, such amount shall be paid on the sixtieth (60th) day immediately following the Change of Control and shall be reduced by any payment previously made under Section 3.4.1.

Base Salary and Annual Bonus. The Company shall pay Executive an amount equal to the sum of Executive’s Base Salary plus Executive’s Average Target Bonus Amount Amount, multiplied by three two (32). For purposes of this Section 3.8.1, “Average Annual Bonus Bonus” means the amount equal to the annual average of the Annual Bonuses annual bonuses earned in respect of a fiscal year of the Company that was paid or payable to Executive by the Company and any affiliate for each of the three fiscal years of the Company that immediately precede the fiscal year in which the Change of Control occurs, but not less than the greater of (A) Executive’s highest annual target bonus during any of such three preceding fiscal years or (B) Executive’s targeted bonus for the fiscal year in which the Change of Control occurs. Such amounts shall be paid on the sixtieth (60th) day following the Termination Date, provided, however, that if Executive’s termination of employment is an Anticipatory Termination, such amount shall be paid on the sixtieth (60th) day immediately following the Change of Control and shall be reduced by any payment previously made under Section 3.4.1.

Base Salary and Annual Bonus. The Company shall pay Executive an amount equal to the sum of Executive’s Base Salary plus Executive’s Average Target Bonus Amount multiplied by three two (32). For purposes of this Section 3.8.1, Average Annual Bonus means the amount equal to the annual average of the Annual Bonuses earned in respect of a fiscal year of the Company that was paid or payable to Executive by the Company and any affiliate for each of the three fiscal years of the Company that immediately precede the fiscal year in which the Change of Control occurs, but not less than the greater of (A) Executive’s highest annual target bonus during any of such three preceding fiscal years or (B) Executive’s targeted bonus for the fiscal year in which the Change of Control occurs. Such amounts shall be paid on the sixtieth (60th) day following the Termination Date, provided, however, that if Executive’s termination of employment is an Anticipatory Termination, such amount shall be paid on the sixtieth (60th) day immediately following the Change of Control and shall be reduced by any payment previously made under Section 3.4.1.. OFFSHORE GROUP INVESTMENT LIMITED EMPLOYMENT AGREEMENT

Base Salary and Annual Bonus. The Company shall pay Executive an amount equal to the sum of Executive’s Base Salary plus Executive’s Average Target Bonus Amount multiplied by three (3). For purposes of this Section 3.8.1, Average Annual Bonus means the amount equal to the annual average of the Annual Bonuses earned in respect of a fiscal year of the Company that was paid or payable to Executive by the Company and any affiliate for each of the three fiscal years of the Company that immediately precede the fiscal year in which the Change of Control occurs, but not less than the greater of (A) Executive’s highest annual target bonus during any of such three preceding fiscal years or (B) Executive’s targeted bonus for the fiscal year in which the Change of Control occurs. Such amounts shall be paid on the sixtieth (60th) day following the Termination Date, provided, however, that if Executive’s termination of employment is an Anticipatory Termination, such amount shall be paid on the sixtieth (60th) day immediately following the Change of Control and shall be reduced by any payment previously made under Section 3.4.1.. OFFSHORE GROUP INVESTMENT LIMITED EMPLOYMENT AGREEMENT

Base Salary and Annual Bonus. The Company shall pay Executive an amount equal to the sum of Executive’s Base Salary plus Executive’s Average Target Bonus Amount multiplied by three (3)Amount. For purposes of this Section 3.8.1, “Average Annual Bonus Bonus” means the amount equal to the annual average of the Annual Bonuses annual bonuses earned in respect of a fiscal year of the Company that was paid or payable to Executive by the Company and any affiliate for each of the three fiscal years of the Company that immediately precede the fiscal year in which the Change of Control occurs, but not less than the greater of (A) Executive’s highest annual target bonus during any of such three preceding fiscal years or (B) Executive’s targeted bonus for the fiscal year in which the Change of Control occurs. Such amounts shall be paid on the sixtieth (60th) day following the Termination Date, provided, however, that if Executive’s termination of employment is an Anticipatory Termination, such amount shall be paid on the sixtieth (60th) day immediately following the Change of Control and shall be reduced by any payment previously made under Section 3.4.1.