Common use of Earned Bonus Clause in Contracts

Earned Bonus. If Employee's employment hereunder is terminated by the Company or Employee for any reason, Employee shall be entitled to receive on the Termination Date, in addition to any other payments called for by this Section 5, his Earned Bonus, if any, less standard withholdings for taxes and social security and the like. "Earned Bonus" means any bonus that is payable to Employee with respect to the calendar year preceding the Termination Date but that has not been paid prior to the Termination Date.

Appears in 1 contract

Sources: Employment Agreement (Aftermarket Technology Corp)

Earned Bonus. If Employee's employment hereunder is terminated by the Company or Employee for any reason, Employee shall be entitled to receive on the Termination Date, in addition to any other payments called for by this Section 54, his Earned Bonus, if any, less standard withholdings for taxes and social security and the like. "Earned Bonus" means any bonus that is payable to Employee with respect to the calendar year preceding the Termination Date but that has not been paid prior to the Termination Date.

Appears in 1 contract

Sources: Employment Agreement (Aftermarket Technology Corp)