Common use of Payment of Incentive Bonus Clause in Contracts

Payment of Incentive Bonus. If Employee will be paid an earned but unpaid Incentive Bonus for any calendar year ending prior to Employee’s Date of Termination under the above provisions of this Section 5, the Incentive Bonus for the prior calendar year will be paid at the normal time as paid to employees whose employment has not terminated. If Employee is due a pro-rated Incentive Bonus for the calendar year in which Employee’s Date of Termination occurs, the pro-rated bonus for the year of the Date of Termination shall be paid in the calendar year after year the Date of Termination occurs, and at the normal payment timing for Incentive Bonus payments, and such pro-rata bonus shall be based on whether the actual performance measures for such Incentive Bonus period were met at the normal time for measuring such performance measures.

Appears in 6 contracts

Samples: Employment Agreement (BrightSpring Health Services, Inc.), Employment Agreement (Res Care Inc /Ky/), Employment Agreement (Res Care Inc /Ky/)

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Payment of Incentive Bonus. If Employee will be paid an earned but unpaid Incentive Bonus for any calendar year ending prior to Employee’s his Date of Termination under the above provisions of this Section 5, the Incentive Bonus for the prior calendar year will be paid at the normal time as paid to employees whose employment has not terminated. If Employee is due a pro-rated Incentive Bonus for the calendar year in which Employee’s Date of Termination occurs, the pro-rated bonus for the year of the Date of Termination shall be paid in the calendar year after year the Date of Termination occurs, and at the normal payment timing for Incentive Bonus payments, and such pro-rata bonus shall be based on whether the actual performance measures for such Incentive Bonus period were met at the normal time for measuring such performance measures.

Appears in 2 contracts

Samples: Employment Agreement (Res Care Inc /Ky/), Employment Agreement (Res Care Inc /Ky/)

Payment of Incentive Bonus. If the Employee will be paid an earned but unpaid Incentive Bonus for any calendar year ending prior to Employee’s his Date of Termination under the above provisions of this Section 5, the Incentive Bonus for the prior calendar year will be paid at the normal time as paid to employees whose employment has not terminated. If the Employee is due a pro-rated Incentive Bonus for the calendar year in which the Employee’s Date of Termination occurs, the pro-rated bonus Incentive Bonus for the year of the Date of Termination shall be paid in the calendar year after year the Date of Termination occurs, and at the normal payment timing for Incentive Bonus paymentspayments (or, if later, following the effectiveness of the release described in Section 5(i) above), and such pro-rata bonus rated Incentive Bonus shall be based on whether the actual performance measures for such Incentive Bonus period were met at the normal time for measuring such performance measures.

Appears in 2 contracts

Samples: Employment Agreement (BrightSpring Health Services, Inc.), Employment Agreement (BrightSpring Health Services, Inc.)

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Payment of Incentive Bonus. If Employee will be paid an earned but unpaid Incentive Bonus for any calendar year ending prior to Employee’s Date of Termination under the above provisions of this Section 5, the Incentive Bonus for the prior calendar year will be paid at the normal time as paid to employees whose employment has not terminated. If Employee is due a pro-rated Incentive Bonus for the calendar year in which Employee’s Date of Termination occurs, the pro-rated bonus for the year of the Date of Termination shall be paid in the calendar year after year the Date of Termination occurs, and at the normal payment timing for Incentive Bonus payments, and such pro-rata bonus shall be based on whether the actual performance measures for such Incentive Bonus period were met at the normal time for measuring such performance measures...

Appears in 1 contract

Samples: Employment Agreement (Res Care Inc /Ky/)

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