Common use of Partial Bonus Clause in Contracts

Partial Bonus. Partial Bonus" shall mean a bonus equal to the product of (i) Employee's most recently set Target Bonus, and (ii) a fraction, the denominator of which is 365 and the numerator of which is the number of days in the fiscal year being considered through the date of the termination of Employee's employment.

Appears in 16 contracts

Sources: Employment Agreement (Service Corp International), Employment Agreement (Service Corp International), Employment Agreement (Service Corp International)

Partial Bonus. Partial Bonus" shall mean a bonus equal to the product of (i) Employee's ’s most recently set Target Bonus, and (ii) a fraction, the denominator of which is 365 and the numerator of which is the number of days in the fiscal year being considered through the date of the termination of Employee's ’s employment.

Appears in 5 contracts

Sources: Employment Agreement (Service Corporation International), Employment Agreement (Service Corporation International), Employment Agreement (Service Corporation International)