Guaranteed Bonus. Your guaranteed annual bonus for the 2008 calendar year with respect to amounts payable under Section 3(b) shall be no less than the amount set forth on Appendix A, without pro-ration or reduction for any other compensation you receive from other sources (a “Guaranteed Bonus”) and shall be paid to you at the time annual bonuses are paid to other executive officers of the Company for 2008 generally (but no later than March 15, 2009). Notwithstanding Section 3(b), at least 50% of your Guaranteed Bonus shall be paid in cash, and no more than 50% of your Guaranteed Bonus shall be awarded in the form of restricted stock units based on the Company’s common stock (“Restricted Stock Units”) on terms and conditions that are no less favorable than those contained in the Restricted Stock Unit Agreement attached hereto as Exhibit A.
Appears in 3 contracts
Sources: Employment Agreement (NYSE Euronext), Employment Agreement (NYSE Euronext), Employment Agreement (NYSE Euronext)