{"component": "clause", "props": {"groups": [{"snippet": "Subject to the Executive\u2019s execution (without revocation) of the Executive\u2019s Waiver and Release Agreement, the Employer shall also pay the Executive an amount equal to the product of: (A) the Executive\u2019s Average Target Achievement (as hereinafter defined), multiplied by (B) the Executive\u2019s then current Target Bonus Percentage, multiplied by (C) the Executive\u2019s then current Annual Base Salary, multiplied by (D) one and one-half (1 1\u20442). The \u201cAverage Target Achievement shall be the amount calculated as (x) the sum of the percentage of the Executive\u2019s Target Bonus Percentage actually earned by the Executive pursuant to the Employer\u2019s 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\u2019s 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\u2019s regular payroll schedule, with such payments to begin, in the Company\u2019s sole discretion, no later than sixty (60) days following the date of the Executive\u2019s 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).\nExample 1. The Executive\u2019s employment terminates in 2015, after 2013 and 2014 bonuses have been finally determined. At the time of the termination, the Executive\u2019s Annual Base Salary is $450,000 and the Executive\u2019s Target Bonus Percentage is 75%. In 2013, the Executive\u2019s earned annual bonus was $320,625, calculated as (x) $450,000 Annual Base Salary, times (y) 75% Target Bonus Percentage, times (z) 95% achievement of Target Bonus Percentage. In 2014, the Executive\u2019s earned annual bonus was $337,500, calculated as (x) $450,000 Annual Base Salary, times (y) 75% Target Bonus Percentage, times (z) 100% achievement of Target Bonus Percentage. The Average Target Achievement is (A) .95 plus 1.00, divided by (B) 2, or .975. Thus, the amount calculated pursuant to Section 5.2(b)(2) would be (A) .975, multiplied by (B) 75%, multiplied by (C) $450,000, times one and one-half (1 1\u20442), or $329,062.50.", "size": 10, "snippet_links": [{"key": "to-the-executive", "type": "clause", "offset": [8, 24]}, {"key": "waiver-and-release-agreement", "type": "clause", "offset": [77, 105]}, {"key": "the-employer-shall", "type": "clause", "offset": [107, 125]}, {"key": "equal-to", "type": "definition", "offset": [159, 167]}, {"key": "the-product", "type": "clause", "offset": [168, 179]}, {"key": "target-achievement", "type": "definition", "offset": [212, 230]}, {"key": "target-bonus-percentage", "type": "definition", "offset": [304, 327]}, {"key": "annual-base-salary", "type": "definition", "offset": [376, 394]}, {"key": "sum-of", "type": "clause", "offset": [514, 520]}, {"key": "the-percentage", "type": "definition", "offset": [521, 535]}, {"key": "by-the-executive", "type": "clause", "offset": [595, 611]}, {"key": "to-the-employer", "type": "clause", "offset": [621, 636]}, {"key": "annual-incentive-program", "type": "clause", "offset": [639, 663]}, {"key": "calendar-years", "type": "clause", "offset": [712, 726]}, {"key": "annual-cash-bonus", "type": "clause", "offset": [737, 754]}, {"key": "finally-determined", "type": "definition", "offset": [774, 792]}, {"key": "termination-of-the-executive", "type": "clause", "offset": [830, 858]}, {"key": "employment-with-the", "type": "clause", "offset": [861, 880]}, {"key": "divided-by", "type": "clause", "offset": [891, 901]}, {"key": "equal-installments", "type": "clause", "offset": [944, 962]}, {"key": "period-of", "type": "definition", "offset": [970, 979]}, {"key": "in-accordance-with", "type": "definition", "offset": [1001, 1019]}, {"key": "payroll-schedule", "type": "clause", "offset": [1042, 1058]}, {"key": "payments-to", "type": "definition", "offset": [1070, 1081]}, {"key": "sole-discretion", "type": "clause", "offset": [1106, 1121]}, {"key": "following-the", "type": "definition", "offset": [1153, 1166]}, {"key": "payment-by-the-company", "type": "clause", "offset": [1285, 1307]}, {"key": "installment-payments", "type": "clause", "offset": [1345, 1365]}, {"key": "payroll-period", "type": "definition", "offset": [1389, 1403]}, {"key": "date-of-termination-of-employment", "type": "definition", "offset": [1419, 1452]}, {"key": "of-the-company", "type": "clause", "offset": [1482, 1496]}, {"key": "payment-of", "type": "definition", "offset": [1510, 1520]}, {"key": "application-of-section", "type": "clause", "offset": [1574, 1596]}, {"key": "example-1", "type": "definition", "offset": [1608, 1617]}, {"key": "employment-terminates", "type": "definition", "offset": [1635, 1656]}, {"key": "the-termination", "type": "clause", "offset": [1739, 1754]}, {"key": "annual-bonus", "type": "definition", "offset": [1887, 1899]}, {"key": "pursuant-to-section", "type": "definition", "offset": [2362, 2381]}], "samples": [{"hash": "bYdON8rKYSS", "uri": "/contracts/bYdON8rKYSS#fixed-portion", "label": "Severance Agreement", "score": 29.340862423, "published": true}, {"hash": "ir3ntANt5wJ", "uri": "/contracts/ir3ntANt5wJ#fixed-portion", "label": "Severance Agreement (Us Foods, Inc.)", "score": 23.2135523614, "published": true}], "hash": "972ce3d8e9ef63600695f912bc4cc028", "id": 1}, {"snippet": "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.", "size": 4, "snippet_links": [{"key": "a-fixed", "type": "clause", "offset": [15, 22]}, {"key": "base-prices", "type": "clause", "offset": [38, 49]}, {"key": "subject-to", "type": "definition", "offset": [62, 72]}, {"key": "the-fixed", "type": "clause", "offset": [85, 94]}, {"key": "effective-january", "type": "clause", "offset": [103, 120]}, {"key": "the-individual", "type": "clause", "offset": [148, 162]}, {"key": "section-411", "type": "clause", "offset": [198, 211]}, {"key": "term-of-this", "type": "clause", "offset": [254, 266]}], "samples": [{"hash": "gsqMPyZ79BI", "uri": "/contracts/gsqMPyZ79BI#fixed-portion", "label": "Coal Purchase Agreement (Alliance Holdings GP, L.P.)", "score": 21.507871321, "published": true}, {"hash": "6BKymFH83k7", "uri": "/contracts/6BKymFH83k7#fixed-portion", "label": "Coal Purchase Agreement (Alliance Resource Partners Lp)", "score": 21.507871321, "published": true}, {"hash": "gSP72uoSjE5", "uri": "/contracts/gSP72uoSjE5#fixed-portion", "label": "Coal Purchase Agreement (Alliance Resource Partners Lp)", "score": 21.3518138261, "published": true}], "hash": "78387ccb5d1138718c0b4f2ee82d246f", "id": 2}, {"snippet": "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", "size": 1, "snippet_links": [{"key": "members-of", "type": "clause", "offset": [4, 14]}, {"key": "fixed-grant", "type": "clause", "offset": [78, 89]}, {"key": "new-york", "type": "definition", "offset": [146, 154]}, {"key": "each-year", "type": "definition", "offset": [223, 232]}], "samples": [{"hash": "bQtvSKBzuTR", "uri": "/contracts/bQtvSKBzuTR#fixed-portion", "label": "Department of Health Medical Practitioners (Clinical Academics) Ama Industrial Agreement 2013", "score": 23.6507875187, "published": true}], "hash": "6f1a5585b8f85e9d76b099ebbed448d1", "id": 3}, {"snippet": "The Employer shall also pay the Executive an amount equal to the product of: (A) the Executive\u2019s then current Target Bonus Percentage, multiplied by (B) the Executive\u2019s then current Annual Base Salary. Such amount shall be paid in equal installments over a period of twelve (12) months in accordance with the Company\u2019s regular payroll schedule, with such payments to begin, in the Company\u2019s sole discretion, no later than sixty (60) days following the date of the Executive\u2019s 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).\nExample 1. At the time of the Executive\u2019s termination of employment, the Executive\u2019s Annual Base Salary is $xxx, and the Executive\u2019s Target Bonus Percentage is [x]%. The amount calculated pursuant to Section 5.2(b)(2) would be (A) [x]%, multiplied by (B) $xxx, or $xxx.", "size": 1, "snippet_links": [{"key": "the-employer-shall", "type": "clause", "offset": [0, 18]}, {"key": "equal-to", "type": "definition", "offset": [52, 60]}, {"key": "the-product", "type": "clause", "offset": [61, 72]}, {"key": "target-bonus-percentage", "type": "definition", "offset": [110, 133]}, {"key": "annual-base-salary", "type": "definition", "offset": [182, 200]}, {"key": "equal-installments", "type": "clause", "offset": [231, 249]}, {"key": "period-of", "type": "definition", "offset": [257, 266]}, {"key": "in-accordance-with", "type": "definition", "offset": [286, 304]}, {"key": "payroll-schedule", "type": "clause", "offset": [327, 343]}, {"key": "payments-to", "type": "definition", "offset": [355, 366]}, {"key": "sole-discretion", "type": "clause", "offset": [391, 406]}, {"key": "following-the", "type": "definition", "offset": [438, 451]}, {"key": "of-the-executive", "type": "clause", "offset": [457, 473]}, {"key": "payment-by-the-company", "type": "clause", "offset": [570, 592]}, {"key": "installment-payments", "type": "clause", "offset": [630, 650]}, {"key": "payroll-period", "type": "definition", "offset": [674, 688]}, {"key": "date-of-termination-of-employment", "type": "definition", "offset": [704, 737]}, {"key": "payment-of", "type": "definition", "offset": [797, 807]}, {"key": "application-of-section", "type": "clause", "offset": [861, 883]}, {"key": "example-1", "type": "definition", "offset": [895, 904]}, {"key": "time-of-the", "type": "clause", "offset": [913, 924]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1083, 1102]}], "samples": [{"hash": "6W0cHuJ8qar", "uri": "/contracts/6W0cHuJ8qar#fixed-portion", "label": "Executive Severance Agreement (US Foods Holding Corp.)", "score": 35.3518138261, "published": true}], "hash": "95379efc074bad248c51b583411b5404", "id": 4}, {"snippet": "The Employer shall also pay the Executive an amount equal to the product of: (A) the Executive\u2019s then current Target Bonus Percentage, multiplied by (B) the Executive\u2019s then current Annual Base Salary, multiplied by (C) [two (2)] [two and one half (2 1/2)]. Such amount shall be paid as a lump-sum payment no later than sixty (60) days following the date of the Executive\u2019s termination of employment. The following example illustrates the application of Section 5.3(b)(2).\nExample 1. At the time of the Executive\u2019s termination of employment, the Executive\u2019s Annual Base Salary is [$500,000] [$1,000,000], and the Executive\u2019s Target Bonus Percentage is [75%] [150%]. The amount calculated pursuant to Section 5.3(b)(2) would be (A) [75%] [150%], multiplied by (B) [$500,000] [$1,000,000], multiplied by (C) [2] [2.5], or [$750,000] [$3,750,000].", "size": 1, "snippet_links": [{"key": "the-employer-shall", "type": "clause", "offset": [0, 18]}, {"key": "equal-to", "type": "definition", "offset": [52, 60]}, {"key": "the-product", "type": "clause", "offset": [61, 72]}, {"key": "target-bonus-percentage", "type": "definition", "offset": [110, 133]}, {"key": "annual-base-salary", "type": "definition", "offset": [182, 200]}, {"key": "payment-no", "type": "clause", "offset": [298, 308]}, {"key": "following-the", "type": "definition", "offset": [336, 349]}, {"key": "of-the-executive", "type": "clause", "offset": [355, 371]}, {"key": "termination-of-employment", "type": "definition", "offset": [374, 399]}, {"key": "application-of-section", "type": "clause", "offset": [439, 461]}, {"key": "example-1", "type": "definition", "offset": [473, 482]}, {"key": "time-of-the", "type": "clause", "offset": [491, 502]}, {"key": "pursuant-to-section", "type": "definition", "offset": [688, 707]}], "samples": [{"hash": "gltlSPFcaIe", "uri": "/contracts/gltlSPFcaIe#fixed-portion", "label": "Executive Severance Agreement (US Foods Holding Corp.)", "score": 29.0191649555, "published": true}], "hash": "fb8b210a767f94479a68ecae861b5e8c", "id": 5}, {"snippet": "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.", "size": 1, "snippet_links": [{"key": "the-fixed", "type": "clause", "offset": [0, 9]}, {"key": "dotiki-mine", "type": "clause", "offset": [55, 66]}, {"key": "base-price", "type": "clause", "offset": [84, 94]}, {"key": "inclusive-of", "type": "clause", "offset": [99, 111]}, {"key": "a-percentage", "type": "definition", "offset": [149, 161]}, {"key": "selling-price", "type": "definition", "offset": [165, 178]}, {"key": "the-contract", "type": "definition", "offset": [180, 192]}, {"key": "base-level", "type": "definition", "offset": [193, 203]}, {"key": "effective-february", "type": "clause", "offset": [218, 236]}, {"key": "duration-of-the-agreement", "type": "clause", "offset": [401, 426]}, {"key": "provision-of", "type": "clause", "offset": [497, 509]}, {"key": "article-viii", "type": "clause", "offset": [510, 522]}], "samples": [{"hash": "j2Jp0dcQlF4", "uri": "/contracts/j2Jp0dcQlF4#fixed-portion", "label": "Coal Supply Agreement (Alliance Resource Partners Lp)", "score": 18.0, "published": true}], "hash": "c97d77960837e85b214a99a8ee9168bf", "id": 6}, {"snippet": "The Employer shall also pay the Executive an amount equal to the product of: (A) the Executive\u2019s then current Target Bonus Percentage, multiplied by (B) the Executive\u2019s then current Annual Base Salary, multiplied by (C) one and one half (1 1/2). Such amount shall be paid as a lump-sum payment no later than sixty (60) days following the date of the Executive\u2019s termination of employment. The following example illustrates the application of Section 5.3(b)(2).\nExample 1. At the time of the Executive\u2019s termination of employment, the Executive\u2019s Annual Base Salary is $xxx, and the Executive\u2019s Target Bonus Percentage is [x]%. The amount calculated pursuant to Section 5.3(b)(2) would be (A) [x]%, multiplied by (B) $xxx multiplied by (C) 1.5, or $xxx.", "size": 1, "snippet_links": [{"key": "the-employer-shall", "type": "clause", "offset": [0, 18]}, {"key": "equal-to", "type": "definition", "offset": [52, 60]}, {"key": "the-product", "type": "clause", "offset": [61, 72]}, {"key": "target-bonus-percentage", "type": "definition", "offset": [110, 133]}, {"key": "annual-base-salary", "type": "definition", "offset": [182, 200]}, {"key": "payment-no", "type": "clause", "offset": [286, 296]}, {"key": "following-the", "type": "definition", "offset": [324, 337]}, {"key": "of-the-executive", "type": "clause", "offset": [343, 359]}, {"key": "termination-of-employment", "type": "definition", "offset": [362, 387]}, {"key": "application-of-section", "type": "clause", "offset": [427, 449]}, {"key": "example-1", "type": "definition", "offset": [461, 470]}, {"key": "time-of-the", "type": "clause", "offset": [479, 490]}, {"key": "pursuant-to-section", "type": "definition", "offset": [649, 668]}], "samples": [{"hash": "6W0cHuJ8qar", "uri": "/contracts/6W0cHuJ8qar#fixed-portion", "label": "Executive Severance Agreement (US Foods Holding Corp.)", "score": 35.3518138261, "published": true}], "hash": "89a4187b6980bcd83fd35f91c725fdff", "id": 7}, {"snippet": "The Employer shall also pay the Executive an amount equal to the product of: (A) the Executive\u2019s then current Target Bonus Percentage, multiplied by (B) the Executive\u2019s 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\u2019s regular payroll schedule, with such payments to begin, in the Company\u2019s sole discretion, no later than sixty (60) days following the date of the Executive\u2019s 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).", "size": 1, "snippet_links": [{"key": "the-employer-shall", "type": "clause", "offset": [0, 18]}, {"key": "equal-to", "type": "definition", "offset": [52, 60]}, {"key": "the-product", "type": "clause", "offset": [61, 72]}, {"key": "target-bonus-percentage", "type": "definition", "offset": [110, 133]}, {"key": "annual-base-salary", "type": "definition", "offset": [182, 200]}, {"key": "equal-installments", "type": "clause", "offset": [258, 276]}, {"key": "period-of", "type": "definition", "offset": [284, 293]}, {"key": "in-accordance-with", "type": "definition", "offset": [318, 336]}, {"key": "payroll-schedule", "type": "clause", "offset": [359, 375]}, {"key": "payments-to", "type": "definition", "offset": [387, 398]}, {"key": "sole-discretion", "type": "clause", "offset": [423, 438]}, {"key": "following-the", "type": "definition", "offset": [470, 483]}, {"key": "of-the-executive", "type": "clause", "offset": [489, 505]}, {"key": "payment-by-the-company", "type": "clause", "offset": [602, 624]}, {"key": "installment-payments", "type": "clause", "offset": [662, 682]}, {"key": "payroll-period", "type": "definition", "offset": [706, 720]}, {"key": "date-of-termination-of-employment", "type": "definition", "offset": [736, 769]}, {"key": "payment-of", "type": "definition", "offset": [829, 839]}], "samples": [{"hash": "jZypSEBxgvS", "uri": "/contracts/jZypSEBxgvS#fixed-portion", "label": "Executive Severance Agreement (US Foods Holding Corp.)", "score": 33.9062286105, "published": true}], "hash": "5c7e871bce05934250890acbd10a165d", "id": 8}, {"snippet": "The Employer shall also pay the Executive an amount equal to the product of: (A) the Executive\u2019s then current Target Bonus Percentage, multiplied by (B) the Executive\u2019s 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\u2019s termination of employment.", "size": 1, "snippet_links": [{"key": "the-employer-shall", "type": "clause", "offset": [0, 18]}, {"key": "equal-to", "type": "definition", "offset": [52, 60]}, {"key": "the-product", "type": "clause", "offset": [61, 72]}, {"key": "target-bonus-percentage", "type": "definition", "offset": [110, 133]}, {"key": "annual-base-salary", "type": "definition", "offset": [182, 200]}, {"key": "payment-no", "type": "clause", "offset": [271, 281]}, {"key": "following-the", "type": "definition", "offset": [309, 322]}, {"key": "of-the-executive", "type": "clause", "offset": [328, 344]}, {"key": "termination-of-employment", "type": "definition", "offset": [347, 372]}], "samples": [{"hash": "jZypSEBxgvS", "uri": "/contracts/jZypSEBxgvS#fixed-portion", "label": "Executive Severance Agreement (US Foods Holding Corp.)", "score": 33.9062286105, "published": true}], "hash": "9be04b7ff6467391a13716bd6e6af70b", "id": 9}, {"snippet": "The Fixed Portion shall be the sum of the following cost elements:", "size": 1, "snippet_links": [{"key": "the-fixed", "type": "clause", "offset": [0, 9]}, {"key": "sum-of", "type": "clause", "offset": [31, 37]}, {"key": "cost-elements", "type": "clause", "offset": [52, 65]}], "samples": [{"hash": "a2VrbsfRQmy", "uri": "/contracts/a2VrbsfRQmy#fixed-portion", "label": "General Work Construction Agreement (Otter Tail Corp)", "score": 24.3538672142, "published": true}], "hash": "66e707800d252b4828e20797400d3d55", "id": 10}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhZmaXhlZC1wb3J0aW9uIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 24, "parents": [["compensation-and-benefits-upon-termination", "Compensation and Benefits Upon Termination"], ["bonus", "Bonus"], ["base-prices", "Base Prices"], ["base-price-adjustments", "BASE PRICE ADJUSTMENTS"], ["consideration", "CONSIDERATION"]], "children": [["construction-equipment-and-rentals-amount", "Construction Equipment and Rentals Amount"], ["project-staff-costs", "Project Staff Costs"], ["data-telecommunications-systems-amount", "Data & Telecommunications Systems Amount"], ["corporate-overhead-profit-amount", "Corporate Overhead & Profit Amount"], ["site-logistics-amount", "Site Logistics Amount"]], "title": "Fixed Portion", "id": "fixed-portion", "related": [["enhanced-optional-daily-usage", "Enhanced Optional Daily Usage", "Enhanced Optional Daily Usage"], ["change-in-option-price-or-rate-of-conversion", "Change in Option Price or Rate of Conversion", "Change in Option Price or Rate of Conversion"], ["change-in-option-price-or-conversion-rate", "Change in Option Price or Conversion Rate", "Change in Option Price or Conversion Rate"], ["non-pre-priced-adjustment-factor", "Non pre-priced Adjustment Factor", "Non pre-priced Adjustment Factor"], ["certificate-of-adjusted-exercise-price-or-number-of-shares", "Certificate of Adjusted Exercise Price or Number of Shares", "Certificate of Adjusted Exercise Price or Number of Shares"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Fixed Portion clause defines a set, unchanging amount or percentage that is allocated or paid under a contract, regardless of other variables or performance outcomes. In practice, this might refer to a guaranteed payment, a minimum service fee, or a non-variable share of profits or costs that one party receives or is responsible for. By establishing a fixed component, the clause provides predictability and financial certainty, ensuring that at least a baseline amount is secured or owed, which helps both parties plan and manage risk effectively."}, "json": true, "cursor": ""}}