Fixed Portion. Subject to the Executive’s execution (without revocation) of the Executive’s Waiver and Release Agreement, the Employer shall also pay the Executive an amount equal to the product of: (A) the Executive’s Average Target Achievement (as hereinafter defined), multiplied by (B) the Executive’s then current Target Bonus Percentage, multiplied by (C) the Executive’s then current Annual Base Salary, multiplied by (D) one and one-half (1 1⁄2). The “Average Target Achievement” shall be the amount calculated as (x) the sum of the percentage of the Executive’s Target Bonus Percentage actually earned by the Executive pursuant to the Employer’s annual incentive program for each of the two (2) most recently completed calendar years for which annual cash bonus earnings have been finally determined under such program as of the date of termination of the Executive’s employment with the Employer, divided by (y) two (2). Such amount shall be paid in equal installments over a period of eighteen (18) months in accordance with the Company’s regular payroll schedule, with such payments to begin, in the Company’s sole discretion, no later than sixty (60) days following the date of the Executive’s termination of employment (with any installment payment that would, but for the delay of such payment by the Company, otherwise have been payable if such installment payments had begun on the first payroll period following such date of termination of employment, also being paid on the date of the Company first begins payment of such amounts). The following example illustrates the application of Section 5.2(b)(2).
Fixed Portion. There shall be a fixed portion of the Base Prices that is not subject to adjustment. The fixed portion effective January 1, 2013, shall be ****% of the individual Base Prices determined pursuant to Section 4.1.1 above, and shall remain unchanged for the term of this Confirmation.
Fixed Portion. The Employer shall also pay the Executive an amount equal to the product of: (A) the Executive’s then current Target Bonus Percentage, multiplied by (B) the Executive’s then current Annual Base Salary, multiplied by (C) three (3). Such amount shall be paid as a lump-sum payment no later than sixty (60) days following the date of the Executive’s termination of employment.
Fixed Portion. The Employer shall also pay the Executive an amount equal to the product of: (A) the Executive’s then current Target Bonus Percentage, multiplied by (B) the Executive’s then current Annual Base Salary, multiplied by (C) [one and one half (1 1/2)] [two (2)]. Such amount shall be paid in equal installments over a period of [eighteen (18)] [twenty-four (24)] months in accordance with the Company’s regular payroll schedule, with such payments to begin, in the Company’s sole discretion, no later than sixty (60) days following the date of the Executive’s termination of employment (with any installment payment that would, but for the delay of such payment by the Company, otherwise have been payable if such installment payments had begun on the first payroll period following such date of termination of employment, also being paid on the date that the Company first begins payment of such amounts). The following example illustrates the application of Section 5.2(b)(2).
Fixed Portion. All members of staff proceeding overseas on sabbatical will be eligible for a fixed grant equivalent to 30% of the full economy return airfare to New York plus taxes. This figure will be adjusted with effect from 1 July in each year, and
Fixed Portion. Upon execution of this Agreement:
Fixed Portion. The Employer shall also pay the Executive an amount equal to the product of: (A) the Executive’s then current Target Bonus Percentage, multiplied by (B) the Executive’s then current Annual Base Salary, multiplied by (C) two (2). Such amount shall be paid in equal installments over a period of twenty-four (24) months in accordance with the Company’s regular payroll schedule, with such payments to begin, in the Company’s sole discretion, no later than sixty (60) days following the date of the Executive’s termination of employment (with any installment payment that would, but for the delay of such payment by the Company, otherwise have been payable if such installment payments had begun on the first payroll period following such date of termination of employment, also being paid on the date that the Company first begins payment of such amounts).
Fixed Portion. The Employer shall also pay the Executive an amount equal to the product of: (A) the Executive’s Average Target Achievement (as hereinafter defined), multiplied by (B) the Executive’s then current Target Bonus Percentage, multiplied by (C) the Executive’s then current Annual Base Salary, multiplied by (D) two (2). The “Average Target Achievement” shall be the amount calculated as (x) the sum of the percentage of the Executive’s Target Bonus Percentage actually earned by the Executive pursuant to the Employer’s annual incentive program for each of the two (2) most recently completed calendar years for which annual cash bonus earnings have been finally determined under such program as of the date of termination of the Executive’s employment with the Employer, divided by (y) two (2). For any prior calendar year that is incomplete, the then current Target Bonus Percentage shall be substituted for actual earned bonus percentage for such year. Such amount shall be paid in equal installments over a period of twenty four (24) months beginning on the Payment Date in accordance with the Company’s regular payroll schedule (with any payment that would, but for the delay of such payment by the Company, otherwise have been payable if such payments had begun on the first payroll period following such date of termination of employment, also being paid on the Payment Date); provided however, that in the event of Executive’s termination of employment within twenty four (24) months following a Change in Control, such amount shall be paid in a lump sum on the Payment Date. The following example illustrates the application of Section 5.2(b)(2).
Fixed Portion. The fixed portion shall be calculated as ****** of the Dotiki Mine and Pattiki Mine Base Price(s), inclusive of severance or similar tax measured as a percentage of selling price. The contract base level fixed portion effective February 1, 1986, is ****** per ton for the Dotiki Mine and ****** per ton for the Pattiki Mine. The aforemen tioned per ton contract base levels shall remain unchanged for duration of the Agreement unless changed as a result of establishing a new Base Price under the provision of Article VIII.
