Common use of Payment of Pre-Change of Control Bonus Clause in Contracts

Payment of Pre-Change of Control Bonus. In the event of a termination of the Executive's employment during the Window Period (as defined below) for any reason other than Willful Misconduct, the Company shall pay to the Executive, in accordance with the terms and conditions of the Incentive Bonus Plan and the Profit Sharing Plan and in accordance with the past practice of the discretionary bonus policy, a pro rata payment in respect of the period from the beginning of the Plan Year (as defined in such plans) and ending on the date of the Change of Control. The Executive shall be entitled to receive such pro rata payment as of the applicable dates on which bonuses under the terms and conditions of the Incentive Bonus Plan and the Profit Sharing Plan and in accordance with discretionary bonus policy would ordinarily otherwise be paid. (c)

Payment of Pre-Change of Control Bonus. In the event of a termination of the Executive's employment during following the Window Period (as defined below) Change of Control for any reason other than Willful Misconduct, the Company shall pay to the Executive, in accordance with the terms and conditions of the Incentive Bonus Plan and the Profit Sharing Plan and in accordance with the past practice of the discretionary bonus policy, a pro rata payment in respect of the period from the beginning of the Plan Year (as defined in such plans) and ending on the date of the Change of Control. The Executive shall be entitled to receive such pro rata payment as of the applicable dates on which bonuses under the terms and conditions of the Incentive Bonus Plan and the Profit Sharing Plan and in accordance with discretionary bonus policy would ordinarily otherwise be paid. (c)