Common use of Bonus Payment Clause in Contracts

Bonus Payment. Executive will be entitled to a payment equal to 100% of the annual target cash bonus established for Executive, if any, pursuant to the annual performance bonus or annual variable compensation plan established by the Board (or any authorized committee or designee thereof) for the year in which Executive’s termination or resignation occurs. If at the time of such termination or resignation Executive is eligible for the annual target cash bonus for the year in which the termination or resignation occurs, but the target percentage (or target dollar amount, if specified as such in the applicable bonus plan) for such bonus has not yet been established for such year, the target percentage shall be the target percentage established for Executive for the preceding year (but adjusted, if necessary for Executive’s position for the year in which the termination or resignation occurs). For the avoidance of doubt, the amount of the annual target bonus to which Executive is entitled under this Section 6.3(b) will be calculated (1) assuming all articulated performance goals for such bonus (including, but not limited to, corporate and individual performance, if applicable), for the year of the termination or resignation were achieved at target levels; (2) as if Executive had provided services for the entire year for which the bonus relates; and (3) ignoring any reduction in Executive’s base salary that would give rise to Executive’s right to resignation for Good Reason (such bonus to which Executive is entitled under this Section 6.3(b), the “Annual Target Bonus Severance Payment”). The Annual Target Bonus Severance Payment shall be paid in a lump sum cash payment no later than the second regular payroll date following the later of (i) the effective date of the Release or (ii) the effective time of the applicable Change in Control, but in any event not later than March 15 of the year following the year in which Executive’s Separation from Service occurs.

Bonus Payment. Executive You will be entitled to a payment equal to 100% of the annual target cash bonus established for Executiveyou, if any, pursuant to the annual performance bonus or annual variable compensation plan established by the Board of Directors or Committee (or any authorized committee or designee thereof) for the year in which Executive’s termination or resignation your Covered Termination occurs. If at the time of such termination or resignation Executive is the Covered Termination you are eligible for the annual target cash bonus for the year in which the termination or resignation Covered Termination occurs, but the target percentage (or target dollar amount, if specified as such in the applicable bonus plan) for such bonus has not yet been established for such year, the target percentage shall be the target percentage established for Executive you for the preceding year (but adjusted, if necessary for Executive’s your position for the year in which the termination or resignation Covered Termination occurs). For the avoidance of doubt, the amount of the annual target bonus to which Executive is you are entitled under this Section 6.3(b2(b) will be calculated (1) assuming all articulated performance goals for such bonus (including, but not limited to, corporate and individual performance, if applicable), for the year of the termination or resignation were Covered Termination was achieved at target levels; (2) as if Executive you had provided services for the entire year for which the bonus relates; and (3) ignoring any reduction in Executive’s base salary your Base Salary that would give rise to Executive’s your right to resignation for Good Reason (such bonus to which Executive is you are entitled under this Section 6.3(b2(b), the “Annual Target Bonus Severance Payment”). The Annual Target Bonus Severance Payment shall be paid in a lump sum cash payment no later than the second regular payroll date following the later of (i) the effective date of the Release or (ii) the effective time of the applicable Change in ControlClosing, but in any event not later than March 15 of the year following the year in which Executive’s your Separation from Service occurs.

Bonus Payment. Executive will be entitled to a payment equal to 100150% of the annual target cash bonus established for Executive, if any, pursuant to the annual performance bonus or annual variable compensation plan established by the Board (or any authorized committee or designee thereof) for the year in which Executive’s termination or resignation occurs. If at the time of such termination or resignation resignation, Executive is eligible for the annual target cash bonus for the year in which the termination or resignation occurs, but the target percentage (or target dollar amount, if specified as such in the applicable bonus plan) for such bonus has not yet been established for such year, the target percentage shall be the target percentage established for Executive for the preceding year (but adjusted, if necessary for Executive’s position for the year in which the termination or resignation occurs). For the avoidance of doubt, the amount of the annual target bonus to which Executive is entitled under this Section 6.3(b) will be calculated (1) assuming all articulated performance goals for such bonus (including, but not limited to, corporate and individual performance, if applicable), for the year of the termination or resignation were achieved at target levels; (2) as if Executive had provided services for the entire year for which the bonus relates; and (3) ignoring any reduction in Executive’s base salary that would give rise to Executive’s right to resignation for Good Reason (such bonus to which Executive is entitled under this Section 6.3(b), the “Annual Target Bonus Severance Payment”). The Annual Target Bonus Severance Payment shall be paid in a lump sum cash payment no later than the second regular payroll date following the later of (i) the effective date of the Release or (ii) the effective time of the applicable Change in Control, but in any event not later than March 15 of the year following the year in which Executive’s Separation from Service occurs.

Bonus Payment. Executive You will be entitled to a payment equal to 100% of one and one-half (1.5) times the annual target cash bonus established for Executiveyou, if any, pursuant to the annual performance bonus or annual variable compensation plan established by the Board of Directors or Committee (or any authorized committee or designee thereof) for the year in which Executive’s termination or resignation your Covered Termination occurs. If at the time of such termination or resignation Executive is the Covered Termination you are eligible for the annual target cash bonus for the year in which the termination or resignation Covered Termination occurs, but the target percentage (or target dollar amount, if specified as such in the applicable bonus plan) for such bonus has not yet been established for such year, the target percentage shall be the target percentage established for Executive you for the preceding year (but adjusted, if necessary for Executive’s your position for the year in which the termination or resignation Covered Termination occurs). For the avoidance of doubt, the amount of the annual target bonus to which Executive is you are entitled under this Section 6.3(b2(b) will be calculated (1) assuming all articulated performance goals for such bonus (including, but not limited to, corporate and individual performance, if applicable), for the year of the termination or resignation Covered Termination were achieved at target levels; (2) as if Executive you had provided services for the entire year for which the bonus relates; and (3) ignoring any reduction in Executive’s base salary your Base Salary that would give rise to Executive’s your right to resignation for Good Reason (such bonus to which Executive is you are entitled under this Section 6.3(b2(b), the “Annual Target Bonus Severance Payment”). The Annual Target Bonus Severance Payment shall be paid in a lump sum cash payment no later than the second regular payroll date following the later of (i) the effective date of the Release or (ii) the effective time of the applicable Change in ControlClosing, but in any event not later than March 15 of the year following the year in which Executive’s your Separation from Service occurs.