Common use of Pre-Termination Bonuses Clause in Contracts

Pre-Termination Bonuses. Executive agrees to promptly repay to the Company any Overpayment in the event of any restatement of CEP’s financial statements that are filed with the Securities and Exchange Commission. For purposes of this Section 6.4(b), “Overpayment” means the excess, if any, of (i) the amounts actually paid by the Company pursuant to Section 4.2 for the two years immediately prior to such restatement over (ii) the amounts that should have been paid pursuant to Section 4.2 for those two years based on the financial results reflected in such restated financial statements.

Pre-Termination Bonuses. Executive agrees to promptly repay to the Company any Overpayment in the event of any restatement of CEP’s financial statements that are filed with the Securities and Exchange Commission. For purposes of this Section 6.4(b6(d)(ii), “Overpayment” means the excess, if any, of (i) the amounts actually paid by the Company pursuant to Section 4.2 1 for the two years immediately prior to such restatement over (ii) the amounts that should have been paid pursuant to Section 4.2 1 for those two years based on the financial results reflected in such restated financial statements.