Common use of Bonus Payment Clause in Contracts

Bonus Payment. Executive will receive a lump sum cash payment (less applicable withholding taxes) in an amount equal to (A) the Executive’s target annual bonus for the year immediately preceding the year of the Change in Control multiplied by (B) a fraction, the numerator of which is the number of days between (and including) the start of the year in which the Executive’s termination occurs and the date of termination and the denominator of which is 365.

Bonus Payment. Executive will receive a lump sum cash payment (less applicable withholding taxes) in an amount equal to (A) the Executivecurrent year’s target annual bonus for incentive pro-rated to the year immediately preceding date of termination, with such pro-rated amount to be calculated by multiplying the year of the Change in Control multiplied current year’s target incentive level by (B) a fraction, the fraction with a numerator of which is equal to the number of days between (and including) the start of the current fiscal year in which the Executive’s termination occurs and the date of termination and the a denominator of which is equal to 365.

Bonus Payment. Executive will receive a lump lump-sum cash payment (less applicable withholding taxes) in an amount equal to one hundred percent (A100%) the of Executive’s target full annual bonus for the year of termination (whether established on a quarterly, semi-annual, annual and/or other periodic basis) at target level as in effect immediately preceding the year of the Change in Control multiplied by (B) a fraction, the numerator of which is the number of days between (and including) the start of the year in which the prior to Executive’s termination occurs and the date of termination and the denominator of which is 365date.

Bonus Payment. Executive will receive a single lump sum cash payment (less applicable withholding taxestax withholding) in an amount equal to (A) the Executive’s target annual bonus for the year immediately preceding the year of the Change in Control termination multiplied by (B) a fraction, the numerator of which is the number of days between (and including) the start of the year in which the Executive’s termination occurs and the date of termination and the denominator of which is 365.

Bonus Payment. Executive will receive a lump sum cash payment (less applicable withholding taxes) in an amount equal to the sum of (A) an amount equal to the Executive’s annual incentive at the target annual bonus for the year immediately preceding level applicable during the year of the Change in Control multiplied by Executive’s termination, and (B) an additional amount equal to the current year’s annual incentive pro-rated to the date of termination, with such pro-rated amount to be calculated by multiplying the current year’s target incentive level by a fraction, the fraction with a numerator of which is equal to the number of days between (and including) the start of the current fiscal year in which the Executive’s termination occurs and the date of termination and the a denominator of which is equal to 365.